Vietnamese PM works with top Swedish firms to foster investment ties
Vietnamese Prime Minister Pham Minh Chinh held working sessions with leading Swedish corporations, including Ericsson, H&M, SYRE, and AstraZeneca in Stockholm on June 13 to foster their investment and cooperation with Vietnam, as part of his official visit to Sweden.
Vietnamese Prime Minister Pham Minh Chinh (R) meets with Borje Ekholm, President and CEO of Ericsson on June 13, 2025. (Photo: VNA)
Stockholm (VNA) - Viet🐎namese Prime Minister Pham Minh Chinh held working sessions with leading Swedish corporations, including Ericsson, H&M, SYRE, and AstraZeneca in Stockholm on June 13 to foster their investment and cooperation with Vietnam, as part of his official visit to Sweden.
Meeting with the Vietnamese leader, Borje Ekholm, President and CEO of Ericsson, stated that the business, founded in 1876, is a Swedish multinational networking and telecommunications company and one of the world’s leading telecom groups, particularly in the field of 5G network infrastructure.
Operating in Vietnam since 1993, Ericsson has provided equipment and solutions for major telecom operators such as Viettel, VNPT, and MobiFone across all generations of mobile technology, including GSM, WCDMA, LTE, and 5G. Currently, Ericsson remains a key telecom equipment provider and a long-term partner of these leading Vietnamese carriers.
Vietnamese Prime Minister Pham Minh Chinh (R) and Susanna Campbell, Chairwoman of SYRE at their working session on June 13, 2025 (Photo: VNA)
Ekholm showed his strong desire to continue cooperating with Vietnam in deploying 5G technology, promoting digital transformation and the 4th industrial revolution to support the Southeast Asian country’s economic growth and innovation.
Highly valuing Vietnam’s commitment and PM Chinh’s personal efforts in driving digital transformation, Ekholm noted that Vietnam is among the first countries to successfully commercialise 5G, backed by highly capable telecom and technology enterprises. He affirmed that Ericsson will continue partnering with Vietnamese partners in talent exchange and 5G-related service deployment, and is prepared to collaborate on 6G initiatives in the future.
PM Chinh highly appreciated Ericsson’s strong support and effective cooperation in developing digital infrastructure in Vietnam, affirming the country's desire to strengthen and deepen its cooperation with Ericsson in the new development phase.
He highlighted that Vietnam is undergoing a profound transformation in its institutional framework, governance, mindset, and vision, particularly in advancing science and technology, innovation, digital transformation and the development of the private economic sector.
Vietnamese Prime Minister Pham Minh Chinh (R) shakes hands with President of AstraZeneca for the Nordic and Swedish markets Emelie Antoni at their meeting on June 13, 2025. (Photo: VNA)
Affirming that institutional bottlenecks have been resolved, the Vietnamese leader expressed his hope that Ericsson will expand its investment and cooperation in Vietnam in a stronger, deeper, more comprehensive, and effective manner. He specifically called for accelerating partnership with Vietnamese companies such as Viettel, VNPT, and MobiFone, promoting healthy competition with other partners, and driving breakthrough development in the coming time.
PM Chinh called on Ericsson to take the lead in piloting new initiatives in innovation and 6G research; support Vietnam’s artificial intelligence (AI) development through data infrastructure building; strengthen technology transfer; and prioritise helping Vietnamese telecom and tech firms catch up, keep pace, and eventually take the lead in the years ahead.
PM Chinh said he hopes that Ericsson will continue to be a good partner of Vietnam in the next 50–100 years, grounded in shared studies, mutual benefits, risk sharing, and innovation-driven growth.
Ekholm pledged that Ericsson is fully prepared to help the country "leapfrog" in digitalisation while sidestepping common pitfalls.
Earlier the same day, the Vietnamese PM also held working sessions with executives of global fashion retailer H&M and its textile recycling subsidiary SYRE.
Susanna Campbell, Chairwoman of SYRE, introduced the company as a joint venture between H&M Group and tech investment firm Vargas, focused on building large-scale textile recycling hubs worldwide. Vietnam, a strategic priority, has granted SYRE an investment license to construct a high-tech polyester fabric recycling plant with an investment of nearly 1 billion USD in Binh Dinh province.
Adam Karlsson, CFO of H&M Group, noted that H&M has operated in Vietnam since 2017, with 13 stores and plans to expand to over 20. Vietnam has been a key sourcing market for nearly two decades, with H&M now partnering with 103 local factories that employ over 86,800 workers.
As H&M and SYRE look to scale up green investments in Vietnam, they called on the PM to direct continued policy support, particularly in facilitating the import of raw materials for SYRE’s production. They also expressed their desire to transform Vietnam’s textile industry toward a circular, sustainable model.
Congratulating H&M on its success in the Vietnamese market of 100 million people, Chinh praised both companies for their pioneering work in building a global circular textile ecosystem, a vision aligned with Vietnam’s development goals.
He encouraged SYRE to position Vietnam as the world’s first hub for hi-tech, circular textile production, while urging both firms to share expertise, support regulatory frameworks, and prioritise locally sourced materials to bolster Vietnam’s role as a global textile powerhouse.
The PM stressed the need for advanced technologies and certified sustainable materials to ensure environmental protection and the industry’s sustainable development.
Campbell and Karlsson expressed their appreciation for the PM’s guidance on the development of the SYRE project in Vietnam. They affirmed their commitment to advancing the project in line with its stated goals, particularly in fostering circular economy and ensuring environmental sustainability, as directed by the Vietnamese leader.
At a meeting with President of AstraZeneca for the Nordic and Swedish markets Emelie Antoni, PM Chinh acknowledged the company’s significant contributions to healthcare and pharmaceutical innovation, especially its vital support to Vietnam during the COVID-19 pandemic.
He expressed Vietnam’s willingness to grant immediate approval for AstraZeneca to invest in pharmaceutical and vaccine production plants in the country, transfer technology, employ Vietnamese workers, and supply medicines and vaccines to the domestic market of 100 million people as well as to the wider region, especially for cancer treatment, and for the prevention and treatment of diseases affecting women, children, and those caused by tropical pathogens.
Highlighting Vietnam’s favourable policies on administrative procedures, clinical trials, and technology transfer, especially for new, high-tech, and brand-name drugs, vaccines, and orphan drugs, PM Chinh suggested AstraZeneca continue its support for enhancing the country’s response to non-communicable diseases (NCDs).
He also cleared up the company’s proposals regarding the acceleration of clinical trial approvals, early disease detection, and tailored policies for rare diseases, reiterating the government’s commitment to creating an enabling environment for foreign investors under the principle of “harmonising benefits and sharing risks.”
Emelie Antoni noted that AstraZeneca has operated in Vietnam since 1994 and was officially licensed in 2019 to establish AstraZeneca Vietnam Co., Ltd., which now employs more than 700 staff nationwide.
She commended Vietnam’s progress in transforming its healthcare system and reaffirmed the country as a strategic market of AstraZeneca. Antoni called for continued policy incentives for the pharmaceutical sector, particularly for rare diseases, and urged for faster clinical trial approval processes to facilitate more effective operations for AstraZeneca and other international pharmaceutical companies in Vietnam./.
Following his official visit to the Republic of Estonia and activities in France, Prime Minister Pham Minh Chinh and his Spouse, together with a high-ranking Vietnamese delegation, paid an official visit to the Kingdom of Sweden on June 12-13, at the invitation of Swedish Prime Minister Ulf Kristersson. This was the first visit by a Vietnamese Prime Minister to Sweden in six years, aiming to further deepen the relationship between the two countries.
Prime Minister Pham Minh Chinh called for breakthrough cooperation between Vietnam and Sweden, stressing the importance of advancing political and diplomatic relations and promoting shared values, political trust, and close friendship.
PM Pham Minh Chinh's official visit to Sweden is a major political and diplomatic event with strategic importance for bilateral relations, according to Ambassador Tran Van Tuan.
The Party and State of Vietnam always attach great importance to and give top priority to the development of Vietnam–China relations. Vietnam is ready to work with the Chinese Party and State to further deepen the Comprehensive Strategic Cooperative Partnership and promote the building of the Vietnam-China community with a shared future that carries strategic significance.
Under the leadership of President Ho Chi Minh and the CPV, President Cuong said, the press has been a steadfast force on the ideological and cultural front, rallying the masses to pursue national aspirations.
NA Chairman Tran Thanh Man stressed the need to accelerate the application of artificial intelligence and smart teaching equipment, innovate teaching and assessment methods, and further improve the quality of formal education.
He also pledged that the NA will promote its ongoing supervision, making sure that every promise must lead to results, and every commitment must bring about real changes.
Minister of Industry and Trade Nguyen Hong Dien welcomed the proposals put forward by the US side and reiterated Vietnam’s request for consideration of key areas of interest, including reciprocal tariff policies and access for Vietnamese key export products to the US market.
Deputy PM Le Thanh Long proposed countries promote shared values, including building trust, sincerity, and solidarity among nations and peoples; fostering cooperation spirit and responsible behaviour as well as upholding international law and the UN Charter; and placing people at the centre and as the goal, the key player, and the driving force of all policies.
The show, together with a grand parade to be held silmutaneously at Ba Dinh Square in Hanoi, will celebrate the 80th anniversary of the August Revolution, the National Day, and the General Staff of the Vietnam People’s Army (VPA).
In particular, in April 2023, the two sides successfully carried out a joint operation that dismantled a major organised, transnational drug trafficking ring involving both Vietnamese and Cambodian suspects.
The Vietnamese Embassy in Israel is closely coordinating with relevant local agencies to stay informed and provide the utmost support possible for Vietnamese nationals.
The launch of Thanh Nien (Young People) newspaper in 1925, even before the founding of the Communist Party of Vietnam, is considered a testament to President Ho Chi Minh’s strategic foresight and strong belief in the guiding power of the revolutionary media.
New Zealand is currently one of Vietnam’s most important partners in the region, marked by a high level of political trust, strong and reliable defence and security cooperation, and increasingly open economic, trade, and investment ties.
Party General Secretary To Lam stressed that the Central Public Security Party Committee must be fully aware of the extremely important role of the People's Public Security force in the country's new revolutionary phase, so as to guide each branch and level of the force as the nation undergoes transformation.
Addressing concerns over university education spending, Son explained that as public universities gain greater autonomy, the Ministry of Finance has scaled back recurrent state funding. “Over the past decade, as autonomy has increased, the State's support has steadily declined”, he noted
Lao Minister of Foreign Affairs Thongsavanh Phomvihane affirmed that the presence of Vietnamese press offices in Laos vividly demonstrates the great friendship, special solidarity, and comprehensive cooperation between the two nations, as the press is not only a means of communication but also an important bridge for spreading consciousness about the history, values, and strategic depth of the Laos – Vietnam relationship to the people of both countries and the international community.
The country is willing to participate in collective efforts to promote cooperation and mobilise resources to advance the current priority issues of developing countries, such as trade, investment, infrastructure connectivity, making the most of scientific and technological advances for development, and people-to-people exchanges, Hang said.
During the negotiations, the US highly evaluated Vietnam’s goodwill and efforts, affirmed its appreciation for the bilateral relationship, acknowledged Vietnam’s proposals and concerns, and considered these an important basis for continuing discussions and moving towards a final agreement.
The Chairman stressed the need for stricter fiscal discipline, faster digital transformation, and more efficient management of State budget revenues and expenditures.
