Vietnam-Sweden Business Forum 2024 opens

Themed "Digital Transformation, Energy Transition, and Innovation: Cooperation for a Sustainable Future," the event aimed to facilitate collaboration between Vietnamese and Swedish businesses in various sectors.

Attendees included Vietnamese Ambassador to Sweden Tran Van Tuan, Director General of Trade Policy at Sweden’s Ministry of Foreign Affairs Camilla Mellander, and Le Khac Nam, Vice Chairman of the Hai Phong city People's Committee, alongside representatives from both countries' enterprises.

Over the past five decades, the two countries have maintained strong, mutually beneficial ties across politics, economy, science, and culture. In particular, bilateral trade and investment have grown significantly, however, there remains ample potential for further cooperation in high-tech sectors such as digital transformation and energy transition.

Ambassador Tuan highlighted that Vietnam’s economy is increasingly driven by digitalisation, with the digital economy contributing 16.5% to GDP in 2023. He noted that both nations could greatly benefit from Sweden’s expertise in technology and innovation.

The forum featured discussions on opportunities and challenges in areas such as digital transformation, energy transition, and innovation.

Participants agreed that through close cooperation, Vietnam and Sweden can become leaders in the digital and green economies, setting examples for sustainable development.

During the event, several memorandums of understanding (MoUs) were signed, including one between Vietnam's Trade Office and Business Sweden, aiming to enhance trade promotion and business cooperation between the two countries.

Additionally, Hai Phong's Department of Industry and Trade signed an MoU with the Port of Gothenburg to expand logistics cooperation.