Switzerland Offers Vietnam Nearly US$80 million for Business Environment Improvement

Switzerland will provide nearly US$80 million to help Vietnam improve its business climate during the 2021-2024 period.
August 07, 2021 | 08:52
Vietnam's Business Opportunities Introduced to Swiss Firms Vietnam's Business Opportunities Introduced to Swiss Firms
Vietnam and Switzerland extend project on rice monitoring and crop insurance Vietnam and Switzerland extend project on rice monitoring and crop insurance
Switzerland-Vietnam business group to establish representative board in Vietnam Switzerland-Vietnam business group to establish representative board in Vietnam
Switzerland Offers Vietnam Nearly US$80 million for Business Environment Improvement
Vietnamese Minister of Planning and Investment Nguyen Chi Dung (right) and visiting Swiss Vice President and Minister of Foreign Affairs Ignazio Cassis at the ceremony. Photo: VnEconomy

The Swiss Government has pledged to provide Vietnam with CHF70 million (nearly US$80 million) for 2021-2024, aiming to help the Southeast Asian country improve its businesses climate and raise the competitiveness of its private sector.

A cooperation programme between the two countries during the 2021-2024 period was announced at virtual ceremony on August 6, with the participation of Vietnamese Minister of Planning and Investment Nguyen Chi Dung and visiting Swiss Vice President and Minister of Foreign Affairs Ignazio Cassis.

In the past year, the Ministry of Planning and Investment coordinated with the Swiss Cooperation Office in Vietnam (SECO) to build the four-year cooperation strategy.

Switzerland Offers Vietnam Nearly US$80 million for Business Environment Improvement
Vietnamese Minister of Planning and Investment Nguyen Chi Dung. Photo: Investment Review

Switzerland has been Vietnam’s official development assistance (ODA), mostly non-refundable aid, since 1992.

As of 2020, Switzerland’s fund for Vietnam amounted to nearly CHF500 million, helping the country eliminate poverty and shift from a centrally planned to a market economy.

Dung and Cassis agreed upon key cooperation principles such as associating economic development with environmental protection and other social matters, reforming administrative procedures, building a healthy financial management capacity, and assisting enterprises in market management and access, among others.

Switzerland Offers Vietnam Nearly US$80 million for Business Environment Improvement
Swiss Vice President and Minister of Foreign Affairs Ignazio Cassis. Photo: Investment Review

The sides consented to mobilise Swiss resources for a project on supporting businesses in digital transformation in bilateral or trilateral forms.

Dung affirmed that his ministry will accompany Swiss firms that want to invest in Vietnam, and suggested the Swiss Vice President work to increase Swiss investments in the country and boost two-way trade.

The two sides also concurred to enhance trade and investment cooperation and encourage more top Swiss firms to invest in Vietnam, particularly in sectors with high proportion of technology, thus helping to turn Vietnam into a developing nation with a modern industry and an upper middle income in 2030./.

Swiss famous hospitality management school cooperates with Vietnam

Swiss famous hospitality management school cooperates with Vietnam

Cityland Education (CE) and Switzerland’s famous hospitality management school École hôtelière de Lausanne (EHL) recently inked a cooperation agreement at a recent ceremony.

Swiss Party of Labour marks Vietnam’s National Day

Swiss Party of Labour marks Vietnam’s National Day

The Swiss Party of Labour held a ceremony on September 21 to celebrate 75th anniversary of Vietnam’s National Day.

Vietnam, Switzerland enjoy growing ties: Ambassador

Vietnam, Switzerland enjoy growing ties: Ambassador

In an interview with the Vietnam News Agency on their bilateral ties, the diplomat said that in terms of politics, senior leaders from both sides ...

Rosy Huong

Insider

Vietnam News Today (September 22): HCM City Issues Covid Safety Rules to Resume Tourism National

Vietnam News Today (September 22): HCM City Issues Covid Safety Rules to Resume Tourism

Vietnam News Today (September 22): Vietnam confirms 11,687 new Covid-19 cases; HCM City issues Covid safety rules to resume tourism; Vietnam Airlines completes procedures for direct flights to US; Vietnam to compete in AFF Suzuki Cup's in Group B.
00:19 | 22/09/2021
Vietnamese President Witnesses Bamboo Airways to Introduce US Market General Agent and Vietnam - US Nonstop Route Economy

Vietnamese President Witnesses Bamboo Airways to Introduce US Market General Agent and Vietnam - US Nonstop Route

On September 21, 2021, Bamboo Airways officially introduces AVIAWORLD (AVIAREPS JV) as its official General Sales Agent in the US and launches the nonstop flight network connecting the two countries.
00:18 | 22/09/2021
Vietnam's Bamboo Airways to Sign $2 Bln Deal with GE for Engines on Boeing Jets Economy

Vietnam's Bamboo Airways to Sign $2 Bln Deal with GE for Engines on Boeing Jets

Vietnam's Bamboo Airways will sign a deal valued at nearly $2 billion with General Electric to purchase GEnx engines to power Boeing 787-9 Dreamliner aircraft, the airline said on Tuesday
20:20 | 21/09/2021
Phiên bản di động