Vietnam's northern province of Phu Tho expects Swedish corporations to further expand their investment, particularly in high-tech sectors, smart manufacturing, human resource training, and the development of local supporting industrial ecosystems.
The information was shared during a recent official working visit to Sweden of a delegation from the province, led by Deputy Secretary of the Provincial Party Committee Bui Huy Vinh.
As part of the program, the delegation held working sessions with the Vietnamese Embassy in Sweden and the Nordic country's leading technology corporations to attract investment and promote strategic partnerships.
During the meeting with the Vietnamese Embassy, Mr. Vinh emphasized that Phu Tho prioritizes sectors where Sweden holds significant expertise, such as high-tech industries, precision engineering, pharmaceuticals, information technology, innovation, and tourism. He also affirmed that the province is accelerating administrative reforms and improving its investment environment to provide the most favorable conditions for businesses to achieve sustainable growth.
The delegation met with representatives from Airborne Group, a world-leading technology firm specializing in the research and production of composite components for the aerospace, maritime, and high-tech sectors.
The two sides discussed strategies to promote Phu Tho’s unique cultural heritage and eco-tourism products to the high-end Nordic market. Participants also held in-depth discussions on strategic cooperation directions for the future, including technology transfer, investment collaboration, and the implementation of joint projects.
On the same day, the delegation visited the leadership of ASSA ABLOY Asia Holding AB. Established in 1994, the group is a global leader in digital locks, access control systems, and smart security solutions, with operations spanning over 70 countries and territories.
The group currently operates the ASSA ABLOY Smart Technology Vietnam factory at Phu Tho province's Ba Thien II Industrial Park, with an investment capital of approximately $25 million. The project has been operational since 2020, manufacturing high-tech product lines such as smart door locks and modern security components.
With plans for further expansion, the group’s leadership is currently surveying additional potential industrial parks within the province to increase their investment footprint.
Google translate