Vietnam expects to boost trade with Switzerland

On July 9, the Vietnamese Embassy in Switzerland collaborated with the Swiss-Asian Chamber of Commerce (SACC) and Becamex Binh Duong to organize an online seminar entitled "Vietnam, the country of investment opportunity: Smart manufacturing, Smart investment, Smart city Binh Duong".
July 13, 2020 | 07:58

vietnam and france businesses exchange trade investment opportunities from evfta Vietnam and France businesses exchange trade and investment opportunities from EVFTA
vietnam and japan trade promotion conference in support industries to be held on july 7 Vietnam and Japan trade promotion conference in support industries to be held on July 7
hanois important role in promoting vietnam us economic and trade ties Hanoi's important role in promoting Vietnam - US economic and trade ties
4725 switzerland trade
Vietnamese Ambassador to Switzerland Le Linh Lan (Photo: VNA)

Attending the workshop, there were the Vietnamese Ambassador to Switzerland Le Linh Lan, SACC Executive Director Barbara Möckli Schneider, Mr. Marc Townsend - Chairman of SACC's Vietnam Sub-Committee. From Becamex Binh Duong, there were Maily Anna Maria Nguyen, Chief Representative of Becamex Binh Duong in Europe, according to VNA.

The webinar also attracted nearly 30 Swiss, German and Singaporean businesses and a number of domestic enterprises in finance, banking, insurance, investment funds, food processing, electricity, and energy.

4911 switzerland trade vietnam
Trade and investment between Vietnam and Switzerland have developed in recent years (Photo: Siwintour)

Delegates at the webinar all agreed that the Covid-19 caused profound changes to the world economy, accelerated the movement of investment flows. Vietnam is proving to be a potential destination for investment with nearly 100 million people, fast growing middle class, stable economic growth, attractive investment environment, and good relations with major economic centers in the world such as the US, the EU and Switzerland.

Speaking at the event, Vietnamese Ambassador Le Linh Lan highlighted Vietnam's bright growth outlook in 2020 and 2021 as forecast by major financial and economic institutions such as the International Monetary Fund and the World Bank.

Vietnam is now focusing on promoting domestic private investment, attracting foreign direct investment, improving exports, raising public investment and stimulating domestic consumption, Ms. Lan added.

5100 vietnam switzerland trade
Over 100 Swiss enterprises are operating in Vietnam (Photo: Visco)

She also affirmed that trade and investment relations between Vietnam and Switzerland have developed positively in recent years. The total import-export turnover between the two countries hit CHF 3.61 billion (USD 3.84 billion) last year. Currently, over 100 Swiss enterprises are operating in Vietnam, including large corporations such as Nestle, ABB, Novartis, Roche, Holcim, Schindler. With a total investment of CHF 2 billion, Switzerland is the 6th largest European investor in Vietnam.

Vietnam believes that with their capacity and experience, Swiss investors in finance, pharmaceuticals, food processing will choose Vietnam as a safe and attractive destination during the economic recovery post-Covid-19, reported by Nhan Dan.

The webinar in Switzerland is a successful effort amid the Covid-19 epidemic. It helped strengthen the promotion of investment environment, attracting more Swiss and European businesses to Vietnam.

vietnam takes on chairmanship of asean committee in switzerland Vietnam takes on Chairmanship of ASEAN Committee in Switzerland

The Vietnamese Ambassador to Switzerland Le Linh Lan received the Chairmanship of the ASEAN Committee in Bern (ACB) during an online meeting held in Bern ...

vietnam and switzerland discuss labor cooperation post covid 19 Vietnam and Switzerland discuss labor cooperation post-Covid-19

On June 23, an online conference was held between Vietnam’s Ministry of Labour, Invalids and Social Affairs (MoLISA) and Switzerland’s Federal Department of Economic Affairs, ...

switzerland helps vietnam apply remote sensing technology in rice production Switzerland helps Vietnam apply remote-sensing technology in rice production

Extreme weather events increasingly affect small-scale producers in Asia. Satellites and other information technologies present tremendous potential for improved country-wide monitoring of crop growth and ...

Candy Lee
Phiên bản di động