Swedish Firms In Singapore Visit Vietnam

Swedish
businesses are paying greater attention to the Vietnamese market, said Swedish
Ambassador to Viet Nam Rolf Bergman at a Viet Nam–Sweden business networking
forum yesterday.

    The event,
part of a four-day business trip for 14 Swedish companies with regional
operations in Singapore, aimed to help the Swedish firms learn more about Viet
Nam in an effort to promote trade and investment co-operation.

    During
their visit, Swedish enterprises will have the opportunity to talk with representatives
from the Vietnamese Government about ways to increase the number of Swedish
companies operating in Viet
Nam
.

    Recent
years have seen strong development in ties and co-operation between Viet Nam and Sweden, said Nguyen Thi Bich Van,
deputy director general of the Foreign Investment Agency at the Ministry of
Planning and Investment.

    The two
countries have signed an agreement to address double taxation, tax evasion
avoidance and safe investment promotion, she said. She also added that two-way
trade has experienced an annual growth rate of 23 per cent, peaking in 2007 at
US$500 million. Swedish enterprises have invested in 19 projects worth $66.3
million in Viet Nam
to date.

    This ranks Sweden 38th
among 82 countries and territories currently pumping investment into the
country.

    Van called
on the Swedish investors to boost co-operation with local firms in several sectors,
including manufacturing, energy and telecommunications. She also noted
opportunities in the chemicals, wood and paper industries. The visitors were
also told about the improvemen Viet
Nam
has made to its business environment and
special investment incentives for foreign businesses in the country’s northern
and central regions.

    Participants
in yesterday’s forum also discussed the economic effects of WTO accession and
possible impacts of the global financial crisis on Viet Nam.

 

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