Nordic firms show long-term interest in Vietnam as investments increase
Among 72 countries and territories investing in Vietnam over the year's first half, Sweden emerged as the third largest investor, with a total investment of 1 billion USD or 10.8% of newly registered FDI, coming after only Singapore and China.
The Lego plant in Binh Duong province. The recent increase in capital flow by Nordic companies shows significant interest in long-term operations in Vietnam. (Photo: VNA)
Hanoi (VNS/VNA) – A recent increase in capital flow from Nordic companies shows a significant interest in long-term operations in Vietnam, as the country positions itself as a key destination for European investors seeking to diversify supply chains and align with global sustainability standards.
Statistics from the Foreign Investment Agency show that foreign direct investment (FDI) totalled 21.5 billion USD in the first half of this year, an increase of 32.6% over the same period last year. Of this, newly registered capital reached 9.29 billion USD in 1,988 projects.
Notably, among 72 countries and territories investing in Vietnam over the period, Sweden emerged as the third largest investor, with a total investment of 1 billion USD or 10.8% of newly registered FDI, coming after only Singapore and China.
According to the Vietnam Trade Office in Sweden, which also covers Denmark, Norway, Iceland and Latvia, Sweden’s increase in investment in Vietnam reflects a broader shift towards Southeast Asia.
Vietnam is considered a strategic destination with a stable environment, a growing market and improving infrastructure.
Denmark is also expanding its presence in Vietnam, especially in the green transition, with leading companies like Ørsted, Vestas and COWI increasing operations in Vietnam through offshore wind, logistics infrastructure, engineering consultancy and sustainability projects.
A notable project is a carbon-neutral Lego factory that started operations in the former Binh Duong province in April.
To further attract investments from Sweden and Denmark, which are global leaders in innovation and sustainability aligning with Vietnam’s ambitions to attract high-quality investment, the Vietnam Trade Office in Sweden urged more focus on accelerating administrative reforms, particularly in energy and green infrastructure, along with the development of specialised industrial zones for green and digital investments.
Investment promotion targeting Nordic markets should also be enhanced, while improving regulatory frameworks for ESG and caꦉrbon taxation will also b🃏e critical./.
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.
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.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
The two sides agreed to establish a joint task force to formalise their collaboration, with a strong focus on quantum technology, a strategic frontier of the digital age, and AI-powered solutions to help Vietnamese SMEs enhance their competitiveness and modernise their operations.
As Vietnam accelerates green and digital transition, the Vietnam Business Association in Belgium (VBAB) is prioritising connections with capable Belgian partners in clean energy, particularly hydrogen and renewable energy, and smart seaport planning.
Its shift towards a modern economic structure, with a growing services sector and a favourable demographic profile has made Vietnam an increasingly attractive destination for foreign investors. Vietnam is now regarded as a key growth driver within ASEAN.
The company’s decision to inject an additional 21 trillion VND (804 million USD) into the project not only reflects its ambition to scale up operations but also signals a strategic shift towards exports and integration into global supply chains.
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Vinh Long province is home to 188 active foreign direct investment (FDI) projects from 24 countries, with a total registered capital of 5.74 billion USD, but none yet from Switzerland.
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Under the cooperation agreement signed on July 16, the International Finance Corporation (IFC) will support Becamex IDC in conducting preliminary assessments for up to five industrial parks using the Global Eco-Industrial Parks Programme (GEIPP) certification framework.
An official of FTSE Russell has expressed confidence in a long-term partnership with Vietnam through 2045, when the country aims to emerge as a modern industrialised nation with a transparent, advanced and globally integrated financial market.
The SBV has so far issued a system of documents guiding the implementation of Basel, such as Circular 41/2016/TT-NHNN regulating the capital adequacy ratio for banks and foreign bank branches and Circular 13/2018/TT-NHNN regulating the internal control system of commercial banks and foreign bank branches. MB highly appreciates the SBV’s system of legal documents.
The nationwide adoption of E10 fuel aligns with Vietnam’s commitment to achieving net-zero emissions by 2050 and accelerating its transition to a low-carbon, sustainable energy model.
Retail fuel prices in Vietnam have seen a slight decrease as of 15:00 of July 17, following a decision by the Ministry of Industry and Trade and the Ministry of Finance.
This diverse cooperation, spanning from sports to nuclear energy and high-tech, reflects the immense potential of the Vietnam-France comprehensive strategic partnership. Normandy's strengths align well with Vietnam's goal of becoming a modern industrial nation by 2045, solidifying its role as a strategic partner in the Asia-Pacific region.
The rise was driven by contributions from multiple regions, with Africa leading the charge at 130.8% increase compared to the same quarter last year. Europe contributed a solid 16% growth, while the Americas added 11.9% and Oceania contributed 8.9% to the overall increase.
According to the Vietnam Expressway Services Engineering Joint Stock Company (VECE), which operates the 55-km expressway, repairs began on July 15 and include replacement of expansion joints on the Long Thanh Bridge and maintenance of the expressway’s ITS.
