A ceremony announcing the establishment of Fulbright University Vietnam in May (Source: VNA)
HCM City (VNA) –The US and Sweden h𝓀ave affirmed that they want to step up trade and investment ties with Vietnam and Ho Chi Minh City in particular.
The affirmation was made by US Consul General Mary Etta Tarnowka in HCM City and Swedish Ambassador Pereric Hogberg during separate meetings with Secretary of the HCM City Party Committee Dinh La Thang on September 19, according to Saigon Giai phong newspaper.
The newly-accredited US Consul General said she is aware of her responsibility to encourage US enterprises to invest in Vietnam.
Tarnowka informed her host that she and US Ambassador Ted Osius will have a working session with leaders of the American Chamber of Commerce in Vietnam this week to discuss measures to boost bilateral investment.
Ted Osius and other US Ambassadors in ASEAN member countries will return to the US in the next few weeks to accelerate the country’s ratification of the Trans-Pacific (TPP) agreement, of which Vietnam is a signatory.
Thang said municipal leaders would create optimal conditions for US investors, noting his hope that the Consul General will help the US become the city’s largest investor.
The official said he believes that Fulbright University Vietnam will soon be operational, contributing to bringing Vietnamese and US people closer.
Meanwhile, Pereric Hogberg noted that Swedish enterprises are interested in investment and trade in Ho Chi Minh City.
Sweden’s new trade minister has selected Vietnam as the first Southeast Asian country to visit in October since taking office, the ambassador said, adding that the minister will be accompanied by Swedish businesses who plan to study investment opportunities in Vietnam and HCM City.
Sweden stands ready to share its experience in urban development with HCM City, he added.-VNA
Vietnamese and Swedish citizens met up in Hanoi on October 30 to review their countries’ friendship since the establishment of bilateral diplomatic ties 45 years ago.
Swedish Deputy Minister for Infrastructure Erik Bromander and a delegation of transport businesses visited Ho Chi Minh City on November 26 to seek cooperation opportunities.
Ho Chi Minh City are working to catch a new wave of investment from the United States as the Trans-Pacific Partnership (TPP) was sealed early this year.
Secretary of the Ho Chi Minh City Party Committee Dinh La Thang stated that the city will create all possible business conditions for US and foreign investors for mutual benefit.
Minister of Planning and Investment Nguyen Chi Dung has co-chaired an investment promotion conference in the US within the framework of his working visit to the country from September 6.
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.
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.
A ceremony announcing the establishment of Fulbright University Vietnam in May (Source: VNA)
