Vietnam an attractive destination for Northern European firms: ScandAsia
High economic growth and strong investment in infrastructure are among the reasons for Northern European businessmen to consider when choosing to invest in Vietnam, according to an article recently published on the site ScandAsia, which covers Nordic news and business promotion in Asia.
At a sea port in the northern port city of Hai Phong (Photo: VNA)
Hanoi (VNA) – High economic growth and stronginvestment in infrastructure are among the reasons for Northern European businessmento consider when choosing to invest in Vietnam, according to an article recentlypublished on the site ScandAsia, which covers Nordic news and businesspromotion in Asia.
The article said Swedish exports to Vietnam have increasedby almost 6 percent by 2020, despite the COVID-19 pandemic.
Emil Akander, Business Sweden’s acting country manager inVietnam, was cited as saying the growing export was thanks to several factors, particularlythe rapid increase of the Vietnamese middle class’s purchasing power.
He explained that 30 million Vietnamese will belong to thecountry’s middle class by 2025, which is almost a doubling since 2012.
ཧ The official said at the same time, Vietnam sees major investments beingmade in infrastructure and health care.
Airports and the subway in the country's two biggest hubs Hanoiand Ho Chi Minh City are being expanded, new hospitals built, andmajor investments made in new energy. These sectors are strengths of Swedishfirms, he added.
Johan Fredriksson, country analyst at the Swedish ExportCredit Agency (EKN), noted Vietnam was one of a handful of countries whoseeconomies grew even during the pandemic year of 2020. And according toforecasts from the World Bank and IMF, continued growth is expected at around6-7 percent per year, he noted.
Today, several conglomerates and large industrial companies fromSweden, including H&M, ABB, Tetrapak, Sandvik, SKF, and Ericsson, are operatingin Vietnam.
🐲 According to him, the door is also open forsmall- and medium-sized companies. He highlighted opportunities for the groups toestablish themselves in the country as subcontractors./.
Vietnamese businesses are believed to possess opportunities, especially in niche markets, when exporting fruit and vegetables to Northern Europe, according to the Cong Thuong (Industry & Trade) newspaper.
The EU-Vietnam Free Trade Agreement (EVFTA) has clearly helped promote trade between Vietnam and Sweden, with Vietnam’s export turnover to the country in January surging 99.94 percent year-on-year, according to the Vietnamese Trade Office in Sweden.
Vietnam and Northern European countries exchanged their experience in sustainable development at a seminar held in Hanoi on March 23 on the occasion of Nordic Day.
Vietnam and Sweden have nurtured long-standing energy cooperation and now the scope of cooperation has expanded from hydropower in the past to safe and sustainable energy development at present.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
At a sea port in the northern port city of Hai Phong (Photo: VNA) 
