Vietnam, Sweden connect port in Vung Tau with Port of Gothenburg

The announcement was made at a roundtable discussion and Vietnam-Sweden business forum in Stockholm on November 12, with Vietnam's Vice State President Vo Thi Anh Xuan and representatives from nine major Swedish companies taking part.

The service is expected to increase trade flows between the two regions, offering an efficient transportation solution that shortens transit times and reinforces bilateral economic ties.

The initiative follows the Memorandum of Understanding (MOU) recently signed between the Port of Gothenburg and the SP-SSA International Terminal (SSIT) of Vung Tau. This agreement reflects a mutual commitment to deepening cooperation in the logistics and maritime sectors, positioning both ports as strategic trade hubs in their respective regions.

Vice President Xuan said Vietnam is transitioning toward a digital economy, green growth, and sustainable development in response to climate change. In this process driven by sci-tech and innovation, Vietnam looks forward to receiving support and cooperation from global partners, including Sweden, with whom Vietnam shares a strong and positive relationship, particularly in economy, trade, and investment.

According to her, Vietnam is undertaking institutional reform to improve business environment in an effort to create favourable conditions for both global and domestic companies, particularly those with long-standing cooperation like Sweden, to invest in Vietnam.

Deputy Minister of Industry and Trade Nguyen Hoang Long expressed his hope for support from Swedish companies to strengthen capacity building and share expertise in power market, particularly in integrating renewable energy sources into power systems.

Jacob Wallenberg, vice president of Ericsson Group, underscored the transformative potential of 5G technology and Vietnam's growing interest in it. He expressed his confidence in the prospects for continued partnership in this area, stressing that adopting 5G technology is crucial for Vietnam to become a more attractive investment destination.

With a legacy spanning 150 years, Ericsson is proud of its leadership and strategic vision, and the cutting-edge technology it has delivered to partners, he added.