Sweden’s Ericsson, H&M, Hitachi Energy commit to Vietnam’s greener future
Major Swedish businesses are displaying innovative green solutions at the Green Economy Forum and Exhibition (GEFE) 2024 in Ho Chi Minh City, aiming to meet Vietnam’s urgent needs in sustainability and circular economy.
The Swedish Pavilion at GEFE 2024 gathers advances in renewable energy, reducing emissions, the circular economy, and new technologies by leading companies such as Atlas Copco, Ecolearn, Ericsson, H&M, Hitachi Energy, Husqvarna, and Trelleborg.
“The Swedish Pavilion shows our dedication to sustainability. We want to inspire deeper collaboration between Sweden and Vietnam for a greener future,” stated Swedish Ambassador Johan Ndisi on Monday.
Swedish Ambassador Johan Ndisi speaks at the Swedish Pavilion at GEFE 2024, Ho Chi Minh City, October 21, 2024. Photo courtesy of the Swedish embassy in Hanoi.
The diplomat boasted about his country’s innovation. As the second most innovative nation in the world, Sweden is home to some of the most pioneering and innovative companies that offer cutting-edge solutions from 5G, smart grids, energy storage systems to polymer solutions, food packages, generators and pumps that boost efficiency and climate resilience, supporting Vietnam's sustainable development goals.
Regarding sustainability, Sweden aims for net zero emissions by 2045. “We are proud to share our journey and best practices with Vietnam. Collaboration is key to tackling climate change, and we aim to connect Swedish companies with key stakeholders in Vietnam’s sustainable development market,” said the ambassador.
The same day, the Swedish embassy launched the "Sweden-Vietnam Business Footprint," highlighting the strong partnership between the two countries and the contributions of Swedish companies in Vietnam.
Rita Mokbel, president and CEO of Ericsson Vietnam, noted that sustainability is at the heart of her company vision, “providing a world with limitless connectivity to improve lives, redefine business and pioneer a sustainable future.”
She added that 5G is significantly more energy efficient than previous generations, supporting both cost and emissions reductions. 5G networks are also playing a multiplier role in addressing climate change by reducing not only the ICT industry's own emissions, but also enabling other sectors to transition toward a low-carbon economy.
Earlier this month, Ericsson partnered with Vietnamese telecom heavyweights Vietttel and MobiFone to establish a new innovation hub and expanded deployment of RAN (Radio Access Network) in a move to boost use of 5G in the country.
A representative from Atlas Copco Group highlighted the company’s innovation in developing products, services, and solutions that are key to its customers’ success.
In Vietnam, Atlas Copco offers assembly systems, power tools, generators, pumps, light towers, and reliable 24/7 rental services. Atlas Copco Vietnam provides solutions that offer the lowest total cost of ownership, highest energy efficiency, and minimal environmental impact.
GEFE 2024 opened on Monday, uniting global leaders, business executives, policymakers, and sustainability advocates. The event, hosted by EuroCham Vietnam in collaboration with the Vietnamese Ministry of Industry and Trade, is expected to attract over 8,000 participants across its three-day agenda filled with high-level dialogues, exhibitions, and B2B networking opportunities.
It offers a venue connecting Vietnamese leaders with European companies, offering a platform to explore valuable partnerships that can enhance Vietnam’s green initiatives.
Attendees will gain insights from industry experts and discover practical solutions tailored to local challenges.
- Related News
- Read More
Central Vietnam hub Danang lures strategic investors for int’l financial center
More than 10 investors have expressed interest in the development of an international financial center in the central city of Danang.
Economy - Mon, July 7, 2025 | 9:56 am GMT+7
FDI firms most optimistic about Q3 business outlook in Vietnam: survey
Up to 81% of foreign-invested enterprises in Vietnam forecast improved or stable business conditions in Q3/2025 as compared to Q2, according to a survey by the General Statistics Office (GSO) on business trends among manufacturing and processing companies.
Economy - Mon, July 7, 2025 | 8:46 am GMT+7
Listed Vietnamese companies almost not involved in 'transshipping': Dragon Capital
Only about 1.5% of the total revenue of Vietnamese companies listed on the Ho Chi Minh Stock Exchange (HoSE) comes from exports to the U.S., meaning "transshipping" is almost irrelevant, says Dragon Capital, a leading foreign-run asset management firm in Vietnam.
Economy - Sun, July 6, 2025 | 1:39 pm GMT+7
Indonesia maintains lowest debt ratio among G20 members
Indonesia’s external debt-to-GDP ratio stood at 30.6% in the first quarter of 2025, the lowest among the Group of Twenty (G20) comprising major developed and emerging economies, according to data from the Bank of Indonesia.
Southeast Asia - Sun, July 6, 2025 | 11:27 am GMT+7
Thailand's digital GDP expected to grow 6.2% this year
The Digital Economy and Society (DES) Ministry of Thailand expects digital GDP this year to expand by 6.2% year-on-year, despite the potential impact of the U.S.'s reciprocal tariffs.
Southeast Asia - Sun, July 6, 2025 | 10:44 am GMT+7
Healthcare M&As surge in Vietnam on foreign capital inflows
Despite a global downturn in healthcare M&A activity, Vietnam’s market has witnessed major deals in the first half of 2025.
Finance - Sun, July 6, 2025 | 10:40 am GMT+7
Vietnam’s cement giant Vicem posts profit after 2 years of losses
After two consecutive years of losses, Vietnam Cement Industry Corporation (Vicem) has reported a consolidated after-tax profit of over VND34 billion ($1.3 million) in the first half of 2025.
Companies - Sun, July 6, 2025 | 8:00 am GMT+7
Indonesia, Saudi Arabia sign $10 bln deal on green projects
Indonesia’s sovereign wealth fund (SWF) Danantara has signed an MoU with ACWA Power, a Saudi Arabian leading green energy corporation, to explore investments in renewable energy projects with total funding estimated at up to $10 billion.
Southeast Asia - Sat, July 5, 2025 | 11:26 pm GMT+7
Thailand yet to reach tariff deal with US: official
Thailand has yet to conclude negotiations with the U.S. on reciprocal tariffs but has gained “valuable insights” that will guide the development of a revised proposal, Thai Deputy Prime Minister Pichai Chunhavajira said on Friday.
Southeast Asia - Sat, July 5, 2025 | 11:24 pm GMT+7
Soilbuild International starts work on $60 mln ready-built industrial facility project in northern Vietnam
Singapore-based real estate developer Soilbuild International has broken ground on a $60 million ready-built industrial facility in Vietnam’s northern province of Hung Yen.
Industrial real estate - Sat, July 5, 2025 | 11:20 pm GMT+7
Phu Quoc casino owner issues $91.67 mln bonds in capital restructuring
Phu Quoc Tourism Development and Investment JSC, owner of the Corona casino on Vietnam’s resort island of Phu Quoc, has completed the issuance of VND2.4 trillion ($91.67 million) in five-year bonds as part of its capital restructuring plan.
Companies - Sat, July 5, 2025 | 5:54 pm GMT+7
SK Group pushes for potential investment in $2.2 bln LNG-fired power plant in central Vietnam
A delegation from South Korean chaebol SK Group has held a second round of talks with Nghe An province authorities to explore investment opportunities for a $2.2 billion LNG-fuelled power plant project.
Energy - Sat, July 5, 2025 | 1:47 pm GMT+7
Vietnam GDP grows 7.52% in H1, 15-year record high
Vietnam's economic growth rate reached 7.52% in the first six months of the year, a record high in the period 2011-2025, the General Statistics Office reported on Saturday.
Economy - Sat, July 5, 2025 | 10:46 am GMT+7
Vietnam needs two-pronged policy approach to mitigate impact of rising oil prices: RMIT experts
A surge in global oil prices poses a significant threat to Vietnam’s economy and to cushion these impacts, the country needs a two-pronged policy approach, write Dr Vu Hong Nhung and Dr Phan Thanh Chung, lecturers at the economics and finance department, Business School, RMIT University Vietnam.
Consulting - Sat, July 5, 2025 | 8:54 am GMT+7
Vietnam's registered FDI tops $21 bln in H1, highest in 16 years
Registered foreign direct investment (FDI) in Vietnam hit over $21.51 billion in the first half of the year, up 32.6% and a record high since 2009, while disbursed capital reached $11.72 billion, up 8.1%.
Economy - Fri, July 4, 2025 | 8:50 pm GMT+7
Gemadept’s southern Vietnam port receives mega container ships
Within just over two years of trial operations (from March 2023 to May 2025), Gemalink Port of Vietnamese logistics giant Gemadept in Ba Ria-Vung Tau has safely received 70 container vessels of over 200,000 DWT (up to 232,494.5 DWT) under partially loaded conditions.
Companies - Fri, July 4, 2025 | 4:54 pm GMT+7
