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Hvalvík is a village in the Faroe Islands, located in a valley on the east coast of the island of Streymoy.

It is the southern half of a twin-village situated on both sides of the valley. The villages are divided by the river Stórá. The northern half which is approximately the same size is called Streymnes. Together the two villages have a population of more than 400 inhabitants.

Hvalvík-Streymnes is a village that has grown rapidly during the past years, mainly because of its proximity to the capital Tórshavn.