Vietnam, Norway boost economic ties
During his visit to Norway, Prime Minister Nguyen Xuan Phuc held talks with Norwegian Prime Minister Erna Solberg and had meetings with His Majesty King Harald V and President of the Norwegian Storting (Parliament) Tone Troen.
At their talks, the two prime ministers acknowledged the strengthening and broadening of bilateral relations between Vietnam and Norway. They reaffirmed their determination to further strengthen economic, trade and investment relations in a sustainable and inclusive way. The two leaders expressed their countries’ commitment to seeking an early conclusion of the negotiations on a comprehensive and ambitious Free Trade Agreement between Vietnam and EFTA (Eropean Free Trade Association).
The Prime Ministers encouraged the business communities of both countries to continue to promote and expand their trade and investment cooperation, especially in important areas such as the ocean economy, green and renewable energy, information technology and consumer goods. They welcomed the Vietnam-Norway Business Forum held in Oslo in connection with the visit.
Prime Minister Nguyen Xuan Phuc holds talks with his Norwegian counterpart Erna Solberg. Photo: Thong Nhat/VNA The two prime ministers hold a press conference after their talks. Photo: Thong Nhat/VNA The Vietnamese leader has a meeting with Norwegian King Harald V. Photo: Thong Nhat/VNA He meets with President of the Norwegian Parliament Tone Troen. Photo: Thong Nhat/VNA PM Phuc witnesses the signing of cooperation documents between Vietnamese and Norwegian enterprises. Photo: Thong Nhat/VNA He attends the Vietnam-Norway Business Forum in Oslo. Photo: Thong Nhat/VNA PM Phuc has a reception for leaders of Norwegian groups, including Kongsberg, DVL-GL, Pharmaq, Vard, Jotun and Scatec Solar. Photo: Thong Nhat/VNA The Vietnamese leader tours Pharmaq, a manufacturer of vaccines in aquaculture. Photo: Thong Nhat/VNA He visits Kongsberg Maritime. Photo: Thong Nhat/VNA |
Norway and Vietnam are both under review by the UPR (Universal Periodic Review) Working Group this year. Both leaders highlighted the importance of the UPR process as a universal, transparent, state-led peer review mechanism based on dialogue and cooperation. Both sides acknowledged the constructive human rights dialogue between Vietnam and Norway, and highlighted the importance of the rule of law, human rights, and the implementation of the International Labor Organization (ILO) Declaration on Fundamental Principles and Rights at Work and commitments made under regional and international free trade agreements.
The two PMs agreed that if Vietnam and Norway are elected non-permanent members of the UN Security Council for the periods 2020-2021 and 2021-2022, respectively, this will provide a good opportunity for the countries to work together to promote regional and global peace and security cooperation. |
They applauded the important action taken by many countries to tackle the issues of climate change, sea level rise and marine plastic litter. Prime Minister Erna Solberg referred to ongoing and new regional projects on marine litter involving ASEAN member states. She welcomed Vietnam’s attendance at the Our Ocean Conference in Oslo in October this year.
The two leaders compared notes on regional and international issues of mutual concern. They agreed to enhance cooperation in regional and multilateral forums, especially in the UN, the ASEAN-Norway Sectoral Dialogue Partnership, and Asia-Europe Meeting (ASEM).
They expressed their support for efforts to promote peace, stability, cooperation and friendship in South East Asia. They reaffirmed the importance of safeguarding the freedoms, rights and duties set out in the 1982 United Nations Convention on the Law of the Sea (UNCLOS), which provides the legal framework for all activities in the oceans and seas, and called on all parties to settle any disputes through peaceful means and in accordance with international law.
Vietnam-Sweden trade cooperation expanded
Prime Minister Nguyen Xuan Phuc’s official visit to Sweden has further tightened the traditional relations between the two countries. Besides their fruitful politic cooperation, trade collaboration between the two countries has developed increasingly.
According to statistics of Vietnam’s General Department of Customs, two-way trade has been on the rise in recent years, hitting over 1.3 billion US dollars in 2017 and 1.5 billion US dollars in 2018. Sweden’s exports to Vietnam include machine and equipment for engineering industry and telecom, while the country imports from Vietnam footwear, garments and textile, wood products, telephones and components.
Swedish Prime Minister Stefan Lofven on May 27 received Prime Minister Nguyen Xuan Phuc during the latter’s official visit to Sweden from May 26-28. Photo: Thong Nhat/VNA The two prime ministers hold talks. Photo: Thong Nhat/VNA They attend the Vietnam-Sweden Business Forum and witness the exchange of cooperation documents between the two countries. Photo: Thong Nhat/VNA The Vietnamese leader has a meeting with Speaker of the Swedish Parliament Andreas Norlen. Photo: Thong Nhat/VNA PM Phuc delivers a speech at the Vietnam-Sweden Business Forum. Photo: Thong Nhat/VNA He receives leaders of Swedish groups which are operating in Vietnam, including Electrolux, Oriflame, Scania, ABB, Ericsson and Volvo. Photo: Thong Nhat/VNA He visits AstraZeneca in Sodertalje, a leading pharmaceutical enterprise of Sweden. Photo: Thong Nhat/VNA The Vietnamese leader visits Stockholm Exergi. Photo: Thong Nhat/VNA He pays a visit to Ericsson. Photo: Thong Nhat/VNA |
The flow of Swedish investment in Vietnam has risen sharply. By March 2019, Sweden had ranked 33rd out of 131 countries and territories investing in Vietnam with 67 valid projects worth 364 million US dollars. Many big firms of Sweden have marked their presence in the country, including Ericsson, ABB, IKEA, Electrolux, Volvo and H&M. Vietnam has also invested two projects worth 697,000 US dollars in Sweden.
The two countries have signed two agreements on culture and communications. The Vietnam National Academy of Music has collaborated with Swedish music schools in training Vietnamese traditional music, and organizing training courses on screenplay writing, and filmmaking and directing.
Regarding tourism, the number of Swedish visitors to Vietnam rose nearly 17% from 2016 to 44,045 in 2017 and 49,723 in 2018. Vietnam has unilaterally exempted visa for Swedish citizens and opened weekly flights from Stockholm to Phu Quoc.
By VNA/VNP