(MPI) – On 23rd April 2018, Deputy Minister of Ministry of Planning and Investment Vu Dai Thang had a meeting with Swedish delegation led by Swedish Ambassador in Vietnam Pereric Hogberg and Director of Swedish Chamber of Commerce and Industry in Singapore Jan Stjernstrom. Swedes Ambassador in Singapore Hakan Stjernstrom also attended the meeting.
At the meeting: MPI
Speaking at the meeting, the Deputy expressed his delight in receiving the Ambassadors, along with their delegation visiting and working in Vietnam. At the same time, he highly appreciated the good relationship between Vietnam and Sweden and said that the investment relationship between the two countries did not meet the expectation. Sweden is currently ranked at 44th out of 126 countries and territories investing in Vietnam, with 62 FDI projects and with a total investment capital of 105 million USD.
Deputy Minister Vu Dai Thang said that after more than 30 years of consistent implementation of the innovation policy, including the Law on Investment, Vietnam has attracted 320 billion USD. In the coming time, to further promote the investment cooperation with foreign investors, including Swedish investors, Vietnam commits to continue to facilitate all conditions, simplify procedures to encourage investment, especially in the fields of high technology, medical equipment, healthcare, etc.
On behalf of the delegation, Ambassador Pereric Hogberg thanked Deputy Minister Vu Dai Thang for taking time to welcome the delegation. Ambassador Pereric Hogberg also highly appreciated the longstanding traditional relationship between Vietnam and Sweden and hoped that the two sides would continue to strengthen their investment cooperation, thereby contributing to tightening the economic relationship between the two countries.
Although the investment cooperation between Vietnam and Sweden is still modest, Sweden's export turnover to Vietnam has increased by more than 50% as compared to 2016. Some large Swedish companies have been present in Vietnam and are keen to continue their cooperation and investment expansion. Under the framework of activities to mark the 50th Anniversary of Establishing Diplomatic Relations in 2019, the two countries will hold a Business Summit to further strengthen the traditional friendship relations and multi-area cooperation between the two countries.
Today's meeting is an opportunity for Swedish enterprises to learn about the macroeconomic, investment environment and opportunities for investing, doing business in Vietnam. Especially in the fields of transportation, automobiles, energy, logistics, banking, healthcare, etc., and thereby contributing to improving the efficiency of investment cooperation between the two countries./.
Ministry of Planning and Investment