At a reception hosted by Deputy Prime Minister Hoang Trung Hai in Hanoi on November 18, Swedish businesses described Vietnam as an attractive investment destination thanks to its healthy business climate.

Deputy PM Hai highlighted the fruitful results of bilateral relations, which have been nurtured and developed for decades. The two countries have enjoyed stable economic growth and actively engaged in the process of global integration process by promoting cooperation among countries around the world, he said.

He praised the Swedish government for encouraging businesses to operate in Vietnam.

Hai underscored that the government of Vietnam has offered many incentive policies and created the best possible conditions for foreign investors, including those from Sweden, to establish long-term business operations in the Vietnamese market.

The two-way trade turnover between Vietnam and Sweden has grown at annual rate of 20%, almost reaching nearly US$1 billion.

Vietnam has received more than US$3.4 billion in on-refundable aid from Sweden, which has a total of 34 projects operating in the country.