Vietnamese PM urges Swedish firms to boost high-tech investment in Vietnam

Speaking during a working breakfast with Swedish corporate leaders in Stockholm on Thursday, part of his official visit to the country, PM Chinh outlined Vietnam’s priorities in attracting foreign investment in sectors such as energy, science, technology, and telecommunications.

Also present were Deputy Prime Minister and Foreign Minister Bui Thanh Son, the Swedish Ambassador to Vietnam, and officials from Sweden’s Ministry for Foreign Affairs.

Marcus Wallenberg, chairman of Skandinaviska Enskilda Banken (SEB), along with executives from leading Swedish corporations, including AstraZeneca and Ericsson, joined discussions on expanding cooperation in Vietnam.

Chinh addressed a wide range of questions from the Swedish business community, including Vietnam’s economic outlook, digital transformation goals, and investment prospects in semiconductors, clean energy, and robotics.

Regarding the selection of partners for cooperation in digital infrastructure development amid nationallevel cybersecurity risks, the Prime Minister emphasized the importance of collaborating with partners who have both strong technological capabilities and a firm foundation of trust, such as those from Sweden.

He specifically encouraged Ericsson and other Swedish enterprises to expand their role in developing Vietnam’s digital infrastructure in underserved areas.

Chinh also promoted investment in Vietnam’s growing clean energy sector and encouraged Swedish firms to bring capital and technology to advanced manufacturing and innovation-driven industries.

To ease investor concerns about administrative hurdles and regulatory complexity, Chinh outlined Vietnam’s ongoing reforms.

These initiatives include eliminating at least 30 percent of unnecessary business conditions, reducing administrative processing times by 30 percent, and cutting compliance costs by the same margin.

The government has also introduced digital tools—such as a national investment portal and a legal database—to streamline procedures.

Chinh emphasized that Vietnam offers a stable, transparent legal framework that protects the rights of investors, ensures property rights, and resolves civil and economic disputes through appropriate legal channels.

“These changes reflect our commitment to creating a fair and efficient investment environment,” he said.