HANOI, Sept. 18 (Xinhua) -- Sweden will closely coordinate with Vietnam to seek new model for bilateral cooperation as its official development assistance (ODA) projects will end in late 2013, said Gunnar Oom, State Secretary for Trade, Ministry for Foreign Affairs of Sweden.
During talks with Vietnamese Deputy Prime Minister Hoang Trung Hai in Vietnam's capital Hanoi on Wednesday, the Swedish state secretary said the new types of cooperation will match with the fine relations between the two countries.
He also said that many Swedish businesses are interested in doing business in Vietnam, especially in such areas as automobiles, transport, renewable energy, environment-friendly technology and energy saving.
The Vietnamese people always keep in their mind, and highly appreciate the valuable support given by the Swedish people for their national development, said the Vietnamese deputy PM.
He added that the Vietnamese government encourages foreign investment, including those from Sweden, particularly in public transport, clean energy and pollution treatment.
Sweden has planned to stop providing ODA to Vietnam from late 2013, as it tends to use the fund for the world's poorest countries, while Vietnam is stepping into the middle-income country club.
Sweden, which had since 1969 provided 3.46 billion U.S. dollars of aid to Vietnam till 2008, is among the first Western countries offering ODA to Vietnam. Since 2009, Sweden has provided ODA only to Vietnam's non-State sectors.
Over the past six years, Vietnam-Sweden two-way trade has increased firmly, at a pace between 10 percent and 20 percent annually.
The two countries will celebrate the 45th anniversary of their diplomatic ties in 2014.