Finland and Vietnam have been key development cooperation partners for almost four decades. The Finnish-Vietnamese bilateral relations have gradually shifted to mutually beneficial cooperation focusing on commercial, economic, and trade. Grants, investments, and trade exchange volume between Finland and Vietnam a clear indicator of the strong cooperation relations.
In recent decades, Vietnam has developed rapidly and became a lower-middle-income country. The value of foreign investments has tripled in comparison to official aid (Source: here).The rapid growth in Vietnam also brings problems in the environment such as air and water pollution, waste management, and food safety. In the transition phase 2016-2020, Finland has prioritized cooperation within the environment and energy sectors (cleantech, renewable energy, waste management), technology and innovation sectors, healthcare and education to promote economical and environmental sustainability.
Details of the highlight in cooperation between Finland and Vietnam during 2016-2020 can be read in the document below: