According to the Vietnam Trade Office in Sweden, nearly 30 Swedish enterprises have just come to Vietnam to seek investment and business cooperation opportunities.
In a quick exchange with reporters of the Industry and Trade Newspaper on the morning of March 13, Ms. Nguyen Thi Hoang Thuy - Director, Head of the Vietnam Trade Office in Sweden, concurrently in charge of the Northern European market, said that the business trip of nearly 30 Swedish enterprises to Vietnam took place less than a week after the visit of the delegation of the Swedish Parliament's Foreign Affairs Committee, led by Chairman of the Committee Aaron Emilsson. This business trip demonstrates Sweden's growing interest in the Vietnamese market.
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| Swedish business delegation comes to Vietnam to seek investment and business opportunities (Photo: Vietnam Trade Office in Sweden) |
Recently, the trend of shifting investment of Swedish enterprises to Vietnam is increasing, typically Syre - a corporation in the field of textiles and recycling technology has announced a large-scale investment plan in Vietnam.
Last February, Minister Nguyen Hong Dien had a working session with the People's Committee of Binh Dinh province on the high-tech textile production complex project of Syre Group (Sweden). At the meeting, Mr. Tim King - Senior Operations Director of Syre Group said that the group wishes to invest in the polyester fiber recycling complex project in Binh Dinh province. The group is committed to applying modern technology to the polyester fiber recycling production project, meeting the world's leading standards on environmental protection and complying with Vietnam's environmental protection regulations.
According to the People's Committee of Binh Dinh Province, Syre Group plays an important role in making Vietnam a global circular textile and garment industry center, creating many jobs and contributing to the green economy. Therefore, the People's Committee of Binh Dinh Province requests the Ministry of Industry and Trade to consider, support and provide detailed instructions and support for the procedures for importing scrap fabric from the production process according to current regulations, ensuring a stable source of raw materials for the project.
In addition, H&M also expressed its intention to expand its supply chain and production in Vietnam to take advantage of its labor, infrastructure and sustainable development potential. This reflects the strategy of diversifying the supply chain and exploiting Vietnam's favorable investment environment, making our country an attractive destination in the context of a challenging global market.
Ms. Nguyen Thi Hoang Thuy emphasized that Vietnam is becoming an attractive destination for Nordic businesses thanks to its strategic location, abundant labor force and competitive costs. In recent years, more and more companies from Sweden, Denmark, Finland and Norway have chosen Vietnam as a destination to expand production.
In addition, a major factor driving this shift is the EU-Vietnam Free Trade Agreement (EVFTA), which has significantly reduced tariffs, making it easier for Nordic businesses to export from Vietnam to Europe.
| In general, for all product groups, the trend of more sustainable and responsible production and business is increasingly of interest to Swedish businesses in particular, and Nordic businesses. This trend is related to many aspects in the supply chain, including working conditions, water use, waste management, emission reduction, etc. Therefore, localities in Vietnam have expressed their welcome to investment projects from businesses in this region. |
Source: https://congthuong.vn/30-doanh-nghiep-thuy-dien-tim-co-hoi-dau-tu-tai-viet-nam-378059.html
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