On the evening of January 30th, Prime Minister Pham Minh Chinh received Swedish Ambassador to Vietnam Johan Ndisi and Mr. Dennis Nobelius, CEO of SYRE – a subsidiary of the renowned Swedish fashion conglomerate H&M.
Prime Minister Pham Minh Chinh emphasized Vietnam’s commitment to its traditional friendship with Sweden, a key partner in Northern Europe – Photo: VGP/Nhat Bac
|
During the meeting, Prime Minister Pham Minh Chinh emphasized Vietnam’s commitment to its traditional friendship with Sweden, a key partner in Northern Europe.
The Prime Minister stated that Vietnam is focused on implementing the resolutions of the 14th National Party Congress, aiming for rapid and sustainable development driven by science, technology, innovation, digital transformation, green economy, and circular economy. He stressed that Vietnam will not compromise its environment for mere economic growth.
Furthermore, Vietnam and Sweden established a Strategic Partnership in Science, Technology, and Innovation during the Prime Minister’s visit to Sweden in June 2025.
Building on this foundation, the Prime Minister welcomed SYRE’s planned investment in Vietnam and instructed relevant ministries, agencies, and localities to closely coordinate with the company on specific issues such as technology and environmental assessments, procedures, and determining an appropriate investment roadmap.
The Prime Minister emphasized the following requirements: no environmental impact, modern technology with high efficiency, a win-win situation for both parties; support for Vietnamese companies to participate in the company’s global supply chain, creating more jobs and contributing to the development of a circular economy.
The Prime Minister affirmed that Vietnam will continue to support and facilitate foreign businesses, including SYRE, in their investment and operations in Vietnam, ensuring compliance with Vietnamese laws and based on the principle of “harmonious benefits and shared risks.”
 Prime Minister Pham Minh Chinh receives Swedish Ambassador to Vietnam Johan Ndisi and Mr. Dennis Nobelius, CEO of SYRE (top left) – Photo: VGP/Nhat Bac
|
For their part, Swedish Ambassador to Vietnam Johan Ndisi and Mr. Dennis Nobelius, CEO of SYRE, expressed gratitude for Vietnam’s active support and cooperation in the activities and investment projects of Swedish companies in Vietnam. They welcomed and highly appreciated the establishment of the Comprehensive Strategic Partnership between Vietnam and the EU, as well as the Strategic Partnership in Science, Technology, and Innovation between Vietnam and Sweden.
SYRE aims to create a global circular textile ecosystem through large-scale recycling centers, utilizing high technology and renewable energy. The company’s goal is to build major recycling complexes in strategic regions worldwide.
The Ambassador and SYRE’s CEO stated that they will continue to promote cooperative activities as mentioned by the Prime Minister, coordinating with relevant ministries, agencies, and localities to implement projects aligned with Vietnam’s development direction as outlined in the resolutions of the 14th National Party Congress of the Communist Party of Vietnam. These efforts will contribute to strengthening Vietnam-EU and Vietnam-Sweden relations.
– 08:40 31/01/2026
Unleashing Radical Innovation for Breakthrough Growth
The 14th National Party Congress places people, science, technology, and innovation at the heart of its development strategy, paving the way for a period of rapid yet sustainable growth for the nation, according to expert assessments.
Textile Enterprises Secure Orders Through Q1 2026
According to the Vietnam Textile and Apparel Association, many businesses are increasingly concerned about mounting pressures on pricing, tighter delivery timelines, and a rise in smaller order volumes.
Unleashing New Momentum for Double-Digit Growth
As Vietnam embarks on its new development phase from 2026 to 2030, the economy faces the dual challenge of maintaining macroeconomic stability while achieving significant breakthroughs to realize high growth targets. From the perspective of economists and policymakers, the key to success in this period lies in enhancing the quality of growth, instituting bold institutional and managerial reforms, fostering new production forces, and vigorously unleashing the potential of the private sector.
The Digital Currency Market Poised for Major Growth by 2026, Anticipating ETF Channel Launch
Looking ahead to the digital currency market in 2026, experts predict that a weakening US dollar, the global shift in reserve assets, and the growing trend of asset tokenization will collectively fuel the momentum of the digital currency market.
By the End of 2025, Stock Market Capitalization Will Nearly Double Compared to 2020
In his keynote address at the 14th National Party Congress, Minister of Finance Nguyen Van Thang revealed ambitious plans for Vietnam’s financial landscape by 2025. These include upgrading the stock market, with a targeted 1.9-fold increase in market capitalization compared to 2020, as well as establishing and operationalizing an International Financial Center and next-generation free trade zones.
