Vietnam, Sweden connect port in Vung Tau with Port of Gothenburg
The world’s leading container shipping company MSC announced the expansion of its SWAN service starting in 2025, which will establish the first direct route between the Sweden’s Port of Gothenburg and Vietnam’s southeastern province of Ba Ria - Vung Tau.
Stockholm (VNA) – The world’s leading container shipping company MSC announced the expansion of its SWAN service starting in 2025, whic⭕h will estabౠlish the first direct route between the Sweden’s Port of Gothenburg and Vietnam’s southeastern province of Ba Ria - Vung Tau.
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, create favourable conditions for both global and domesiic 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./.
Sweden is willing to further strengthen its collaboration with Vietnam, affirmed Speaker of the Riksdag (parliament) Andreas Norlén when receiving State Vice President of Vietnam Vo Thi Anh Xuan in Stockholm on November 12.
Vice President Vo Thi Anh Xuan received Swedish Ambassador Johan Ndisi in Hanoi on October 15, calling on the European country to share experiences in sustainable development and climate change response with Vietnam.
The year 2024 marks the 55th anniversary of the diplomatic relations between Vietnam and Sweden, the first Western country to recognise and establish diplomatic relations with Vietnam in 1969.
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.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
