Vietnam's northern port city looks to deepen energy, green cooperation with Sweden
The northern port city of Hai Phong is seeking deeper cooperation with Swedish businesses in renewable energy, sustainable logistics, and digital transformation, a senior official said.
Receiving Sara Modig, Sweden’s Deputy Minister of Energy, Business and Industry on Monday, Hoang Minh Cuong, Vice Chairman of the Hai Phong People’s Committee, said the city sees great potential for collaboration with Swedish partners, particularly in areas supporting green growth and innovation.
Hoang Minh Cuong, Vice Chairman of the Hai Phong People’s Committee, and Sara Modig, Sweden’s Deputy Minister of Energy, Business and Industry, at a meeting on November 3, 2025. Photo courtesy of the municipal news portal.
Cuong emphasized that local authorities are committed to supporting foreign investors through transparent, reliable, and long-term cooperation.
Following its merger with Hai Duong province in June, Hai Phong now covers 3,200 square kilometers with a population of 4.6 million, ranking third nationwide in economic scale with GRDP of about $33 billion. The city has maintained double-digit growth for 11 consecutive years, expanding 11.01% in 2024, the fastest pace in the Red River Delta.
Hai Phong is also the first locality in Vietnam to simultaneously lead all four national performance indices: Provincial Competitiveness Index (PCI), Public Administration Reform Index (PAR), Citizen Satisfaction Index (SIPAS), and Provincial Green Index (PGI).
With over 1,740 valid foreign-invested projects totaling more than $50 billion in registered capital, Hai Phong ranks among Vietnam’s top investment destinations.
Deputy Minister Sara Modig reaffirmed Sweden’s support for Hai Phong’s green transition, sustainable port infrastructure, smart logistics, and eco-friendly public transport.
Swedish firms currently operate three active investment projects in Hai Phong worth a combined $48 million, including a energy storage battery manufacturing facility.
Meanwhile, cooperation between the Hai Phong Department of Industry and Trade and the Gothenburg Port Authority is progressing, with both sides aiming to establish a digitalized, low-emission logistics network connecting the two port cities.
Sweden was the first European country to establish diplomatic relations with Vietnam on January 11, 1969. Two-way trade turnover reached $1.48 billion in 2024. The European country ranked 29th out of 149 countries and territories investing in Vietnam, with 111 valid projects and over $743 million in registered investment capital.
- Related News
- Read More
Indonesia seeks new oil and gas sources
Indonesia’s Geological Agency has launched an airborne survey in Sulawesi to identify potential new oil and gas reserves as the government is seeking to expand hydrocarbon exploration and attract fresh investment.
Southeast Asia - Tue, December 9, 2025 | 9:26 pm GMT+7
Construction giant Vinaconex to acquire 98% stake in state-controlled Viwaseen
Vietnam’s leading construction firm Vinaconex (HoSE: VCG) has approved a plan to acquire 98.16% of Viwaseen Corporation in a deal expected to cost around VND1.23 trillion ($46.69 million).
Companies - Tue, December 9, 2025 | 5:43 pm GMT+7
Jollibee earns over $58 mln from fried chicken, coffee chains in Vietnam in Jan-Sept
The Philippines’ Jollibee Foods Corporation (JFC) earned an EBITDA (earnings before interest, taxes, depreciation, and amortization) of nearly PHP3.47 billion ($58.32 million) from its fried chicken chain Jollibee and Highlands Coffee chains in Vietnam in the first nine months of this year.
Companies - Tue, December 9, 2025 | 5:39 pm GMT+7
Lawmakers urge incentives for private investment in offshore wind power
Vietnamese lawmakers have called for stronger policy incentives to encourage private investment in offshore wind power and small modular nuclear reactors (SMRs), as the country seeks to meet rising energy demand while ensuring emissions reduction.
Energy - Tue, December 9, 2025 | 4:57 pm GMT+7
De Heus seeks to build agri chain in central Vietnam province Gia Lai
The De Heus-Hung Nhon joint venture is eyeing investing in a series of large-scale projects involving livestock farming, processing, and raw materials development in Gia Lai province.
Industries - Tue, December 9, 2025 | 1:50 pm GMT+7
Vietnam's central hub Danang rolls out unprecedented incentives for Free Trade Zone
Danang has rolled out a slate of unprecedented incentives to attract investment flows, particularly FDI, into its Free Trade Zone.
Industries - Tue, December 9, 2025 | 9:20 am GMT+7
Logistics set to become ‘super sector’ in Vietnam: association chairman
Vietnam’s logistics sector is expected to evolve into a “super sector,” becoming a major driver of FDI and infrastructure development, said Dao Trong Khoa, chairman of the Vietnam Logistics Business Association (VLA).
Economy - Tue, December 9, 2025 | 9:00 am GMT+7
Five economies seen powering ASEAN’s next growth cycle
ASEAN is poised to enter 2025-2026 with strong momentum, anchored by five dynamic economies, namely Malaysia, Indonesia, Thailand, the Philippines, and Vietnam (MIT-PV), according to Shan Saeed, chief economist at IQI Global.
Southeast Asia - Mon, December 8, 2025 | 10:42 pm GMT+7
Philippines suspends pork imports from Spain due to African swine fever outbreak
The Philippine Department of Agriculture (DA) announced on December 8 that it has suspended the importation of pigs and pork products from Spain due to the African swine fever (ASF) outbreak in this European country.
Southeast Asia - Mon, December 8, 2025 | 10:37 pm GMT+7
Consumer behavior changes force businesses to rewrite rules of the game: exec
Vietnam is enjoying a golden moment as consumer behaviors change, said Le Tri Thong, vice chairman of Phu Nhuan Jewelry JSC (PNJ), the country's leading jewelry producer.
Economy - Mon, December 8, 2025 | 10:21 pm GMT+7
Choosing the right textbooks: The first step toward stable, high-quality education
Selecting an appropriate textbook set is increasingly vital, ensuring stability and consistency in teaching and learning, cost efficiency, and equal access for students nationwide under the 2018 General Education Program.
Companies - Mon, December 8, 2025 | 5:42 pm GMT+7
Vietnam Education Publishing House provides 366,000 textbooks for students in central Vietnam flood-affected areas
The Vietnam Education Publishing House (VEPH) has delivered 366,000 textbooks worth VND5.3 billion ($201,000) to students in Dak Lak, one of the provinces hit hardest by the historic floods that swept through central Vietnam in November.
Companies - Mon, December 8, 2025 | 5:29 pm GMT+7
OCB affirms position as transparent, sustainable bank with prestigious awards
Amid continuous market volatility and increasingly stringent governance standards in the financial sector, Vietnam’s Commercial Bank (OCB) has once again demonstrated its leading position by consecutively earning major industry recognitions.
Companies - Mon, December 8, 2025 | 5:21 pm GMT+7
Trump-linked $1.5 bln golf resort in Vietnam unlikely to generate revenue before 2030: broker
Vietnamese developer Kinh Bac City Development Holding Corporation (HoSE: KBC) may not see commercial returns from its Trump-branded golf and resort complex project until around 2030, brokerage KB Securities Vietnam (KBSV) said in a recent report.
Real Estate - Mon, December 8, 2025 | 5:02 pm GMT+7
$260 mln engine plant opens in central Vietnam
Vietnam's Kim Long Motor Hue JSC and China's Yuchai JSC last Friday inaugurated their $260 million Kim Long Hue engine manufacturing plant in Hue city, rolling out the first Yuchai engines.
Industries - Mon, December 8, 2025 | 4:51 pm GMT+7
Central Vietnam province Ha Tinh okays $68 mln golf course project
Authorities of Ha Tinh province in central Vietnam have granted in-principle approval for a 36-hole golf course project worth nearly VND1.8 trillion ($68.19 million).
Real Estate - Mon, December 8, 2025 | 3:26 pm GMT+7
