Sweden interested in mining partnerships with Vietnam

TN News

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A file photo of the Nui Beo coal mine in northern Vietnam

Swedish businesses ABB, Scania and Swedish Export Credit Corporation (SEK) said they are ready to work in "fruitful long-term partnerships" with Vietnamese companies and authorities, according to a press release from the Swedish Embassy to Vietnam.

The companies were attending at a seminar held by the Vietnam National Coal and Mineral Industries Group (Vinacomin) and Business Sweden an organization that works to promote Sweden as an attractive business partner in Ha Long Town in the northern province of Quang Ninh.

They promoted their equipment, products and solutions for the Vietnamese market. Promotional material argued that "sustainable practice" could resolve the current and future challenges to the Vietnamese mining industry.

An SEK press release explained how the company's financing solutions are tailored to suit the Vietnamese partners' needs when they wish to buy Swedish equipment.

"Swedish companies can offer exactly what Vietnam is looking for," said Peter Cederholm, Trade Commissioner at Business Sweden.

Reports at the event said that Vinacomin and other companies should focus more on underground mining methods in which minerals and metals far underground are extracted, if the Vietnamese mining industry is to develop sustainably.

At the moment, surface mining that targets minerals and metals near the surface still plays "an essential role" in Quang Ninh, where most of the local mining industry's production and development takes place, according to the reports.

Such mining implies issues like untreated waste water, waste dumps, and changed terrain, they said.

"Given Vietnam's increasing need for innovative technology and solutions, Sweden has a lot to offer as one of largest mining nations in Europe," said Swedish Ambassador Camilla Mellander at the seminar.

Over 50 representatives from local government, industry leaders, experts and media attended the seminar.

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