Wednesday, October 23, 2019 11:45:05 AM - Markets open
VN-INDEX 986.23 -0.96/-0.10%
HNX-INDEX 104.39 -0.10/-0.10%
UPCOM-INDEX 56.60 -0.18/-0.32%
Take a chance on Việt Nam: PM Phúc wants Swedish investment
Vietnam News - 5/28/2019 11:16:33 AM
 (0 ratings. You must sign in to rate.)
Việt Nam hopes that Swedish investors and businesses will cooperate with and invest in the Southeast Asian nation, Prime Minister Nguyễn Xuân Phúc has said. 
 
The PM on Monday told the Việt Nam-Sweden business forum in Stockholm that the Southeast Asian nation is reforming its institutes and restructuring its economy, while promoting the private sector, so the time to invest is now.
 
Attending the forum as part of his ongoing visit to Sweden, PM Phúc highlighted the two nations’ sound relations, saying they propelled two-way to more than US$1.5 billion.
 
Sweden ranks 34th among the 130 countries and territories investing in Việt Nam with 34 projects worth a combined more than $350 million he pointed out, adding that numerous multinational groups from Sweden are operating in Việt Nam like ABB, Ericsson, Volvo and Electrolux.
 
He briefed the participants on Việt Nam’s economic development in 2018 with GDP growth of 7.1 per cent, trade turnover hitting $500 billion, including $250 billion in exports, and inflation kept under 4 per cent.
 
Việt Nam has new-generation free trade agreements and is preparing to sign the EU-Việt Nam FTA (EVFTA) with the European Union.
 
PM Phúc expressed his hoped that the government and businesses of Sweden will support the EU’s early signing and ratification of the deal and the EU-Việt Nam Investment Promotion Agreement (EVIPA) next month.
 
According to the PM, the pacts will promote trade between Việt Nam and the EU, and Việt Nam and Sweden. Within the framework of the deals, Vietnamese goods can access the EU distribution chain, and Swedish firms investing in Việt Nam will be able to access the ASEAN market.
 
He said that via the forum, the two countries’ businesses would better understand each other, thus contributing to elevating the Việt Nam-Sweden relations.
 
Swedish PM Stefan Löfven, for his part, said he hoped the EU would sign the EVFTA with Việt Nam soon.
 
He praised Việt Nam for its socio-economic achievements over the past two decades.
 
The Swedish PM said the two countries’ firms have great opportunities for co-operation, and Sweden has invented important solutions in smart city building, 5G technology, public transport solutions, renewable energy and power grid, IT and telecoms, air traffic flow management, waste treatment and healthcare technology.
 
Sweden is ready to work with Việt Nam, he said, particularly with the two countries celebrating the 50th anniversary of Việt Nam-Sweden diplomatic ties this year. 
 
Also at the forum, the two PMs witnessed the signing of several deals between enterprises of Việt Nam and Sweden, notably a project between Việt Nam’s NutiFood and Sweden’s Backahill and the cooperative of milk cow raising farms Skånemejerier Ekonomisk Förening with the operation of dairy mill NutiFood Sweden AB. — VNS
 
 
Read original article here
 
Newer News
17/10 Deputy PM addresses Vietnam Business Summit 2019
14/10 Three more kinds of Vietnamese seafood exported to China
13/10 Economic zone draws investment from the manufacturing sector
11/10 Vietnam’s economic growth predicted to be higher than target
09/10 Vietnam up 10 places in Global Competitiveness Index
08/10 Rice export volume up but value falls
07/10 Vietnam continues to enjoy trade surplus with Israel
04/10 Rice exports bring home 2.24 billion USD in nine months
02/10 Energy efficiency important as VN power needs grow with economy: conference
02/10 Phones and components lead in January-September export turnover
Older News
27/05 FDI reaches 16.74 billion USD
26/05 Industry has important role to overcome middle income trap in VN
25/05 Aquatic businesses feel windfall from CPTPP
24/05 Vietnam, US to augment ties in economy-trade investment, defence
24/05 Vietnam’s exports to Thailand shoot up
23/05 Petrolimex plans convenience stores at gas stations
22/05 Deputy PM wants to increase value of Vietnamese brands
21/05 Vietnam-Russia economic, trade relations continue to thrive
19/05 Fund for development of SMEs to established
17/05 Vietnamese firms move to foster apparel exports to Canada
 
Newsletter Signup
Top Stories
Prices of Grade A office space rise due to low supply
VN stocks to beat 1,000 points in Q4
Consumer price index to be controlled at low level of 3.3-3.5% in 2019
Crude import tax zeroed in November
VN central bank makes first key rate cut since 2017
Market Update
Last updated at 12:05:01 PM
VN-INDEX 986.23 -0.96/-0.10%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.