President’s Switzerland visit hoped to foster bilateral trade ties
President Nguyen Xuan Phuc’s official visit to Switzerland from November 25-29 is expected to open up new opportunities in the two countries’ trade relationship which still has large room to develop further.
Hanoi (VNA) – President Nguyen Xuan Phuc’s official visit toSwitzerland from November 25-29 is expected to open up new opportunities in thetwo countries’ trade relationship which still has large room to developfurther.
According to the Department for European-American Marketsunder the Ministry of Industry and Trade, Switzerland is one of Vietnam’sleading economic partners in the EU, while Vietnam is the former's fourthlargest trading partner among ASEAN countries.
Regarding investment, by the end of October, Switzerlandranked 20th out of 141 countries and territories pouring capital into Vietnamwith 181 projects worth 1.92 billion USD in 12 localities.
President Phuc’s official visit is a very special opportunity for the two countriesto work together to find solutions to promote the early signing of a Free TradeAgreement between Vietnam and the European Free Trade Association whichcomprises of Switzerland, Norway, Iceland and Liechtenstein, so as to open upnew cooperation opportunities, and realise great potential in the fields oftrade, investment, sustainable development, innovation and digitaltransformation between the two countries.
Illlustrative image (Photo: VNA)
Swiss Ambassador to Vietnam Ivo Sieber emphasised thatSwitzerland will continue supporting Vietnam in building a better business andinvestment environment.
According to the diplomat, Switzerland has issued a relatedstrategy and will implement it in 2021. The strategy aims to assist Vietnam inbuilding a market economy with effective economic frameworks, and help privatesector access and participate in global supply chains.
Within the framework of this strategy, Switzerland willprovide 75 million USD in non-refundable aid for Vietnam in the next four years./.
The Vietnamese Ministry of Industry and Trade (MoIT) and the Swiss State Secretariat for Economic Affairs (SECO) signed an agreement in Hanoi on October 22 on the Swiss Government’s commitment of non-refundable aid worth 5 million CHF for a project on improving Vietnam’s trade and export promotion policy.
The Ministry of Labour, Invalids and Social Affairs (MoLISA), in collaboration with the Swiss State Secretariat of Economic Affairs (SECO), organised a dialogue on labour and experience sharing to promote job security between Vietnam and Switzerland on October 26.
President Nguyen Xuan Phuc will lead a high-ranking Vietnamese delegation to pay official visits to Switzerland and Russia from November 25 to December 2.
The upcoming Switzerland visit by President Nguyen Xuan Phuc is expected to create a strong political motivation and open up bigger opportunities for the cooperation between Vietnam and the European country which are commensurate with their potential and strengths, stated Vietnamese Ambassador to Switzerland Le Linh Lan.
The UN Secretary-General praised Vietnam’s remarkable achievements in socio-economic development and international integration in recent years, noting that the country has emerged as a model in implementing the Sustainable Development Goals (SDGs), promoting international peace and security, and engaging in key UN processes.
Nghia affirmed that this is a milestone of special significance, affirming and honouring the the Vietnamese revolutionary press’s glorious tradition of 100 years of serving the revolutionary cause of the Party, serving the Fatherland, and serving the people.
The Party and State of Vietnam always attach great importance to and give top priority to the development of Vietnam–China relations. Vietnam is ready to work with the Chinese Party and State to further deepen the Comprehensive Strategic Cooperative Partnership and promote the building of the Vietnam-China community with a shared future that carries strategic significance.
Under the leadership of President Ho Chi Minh and the CPV, President Cuong said, the press has been a steadfast force on the ideological and cultural front, rallying the masses to pursue national aspirations.
NA Chairman Tran Thanh Man stressed the need to accelerate the application of artificial intelligence and smart teaching equipment, innovate teaching and assessment methods, and further improve the quality of formal education.
He also pledged that the NA will promote its ongoing supervision, making sure that every promise must lead to results, and every commitment must bring about real changes.
Minister of Industry and Trade Nguyen Hong Dien welcomed the proposals put forward by the US side and reiterated Vietnam’s request for consideration of key areas of interest, including reciprocal tariff policies and access for Vietnamese key export products to the US market.
Deputy PM Le Thanh Long proposed countries promote shared values, including building trust, sincerity, and solidarity among nations and peoples; fostering cooperation spirit and responsible behaviour as well as upholding international law and the UN Charter; and placing people at the centre and as the goal, the key player, and the driving force of all policies.
The show, together with a grand parade to be held silmutaneously at Ba Dinh Square in Hanoi, will celebrate the 80th anniversary of the August Revolution, the National Day, and the General Staff of the Vietnam People’s Army (VPA).
In particular, in April 2023, the two sides successfully carried out a joint operation that dismantled a major organised, transnational drug trafficking ring involving both Vietnamese and Cambodian suspects.
The Vietnamese Embassy in Israel is closely coordinating with relevant local agencies to stay informed and provide the utmost support possible for Vietnamese nationals.
The launch of Thanh Nien (Young People) newspaper in 1925, even before the founding of the Communist Party of Vietnam, is considered a testament to President Ho Chi Minh’s strategic foresight and strong belief in the guiding power of the revolutionary media.
New Zealand is currently one of Vietnam’s most important partners in the region, marked by a high level of political trust, strong and reliable defence and security cooperation, and increasingly open economic, trade, and investment ties.
Party General Secretary To Lam stressed that the Central Public Security Party Committee must be fully aware of the extremely important role of the People's Public Security force in the country's new revolutionary phase, so as to guide each branch and level of the force as the nation undergoes transformation.
Addressing concerns over university education spending, Son explained that as public universities gain greater autonomy, the Ministry of Finance has scaled back recurrent state funding. “Over the past decade, as autonomy has increased, the State's support has steadily declined”, he noted
Lao Minister of Foreign Affairs Thongsavanh Phomvihane affirmed that the presence of Vietnamese press offices in Laos vividly demonstrates the great friendship, special solidarity, and comprehensive cooperation between the two nations, as the press is not only a means of communication but also an important bridge for spreading consciousness about the history, values, and strategic depth of the Laos – Vietnam relationship to the people of both countries and the international community.
The country is willing to participate in collective efforts to promote cooperation and mobilise resources to advance the current priority issues of developing countries, such as trade, investment, infrastructure connectivity, making the most of scientific and technological advances for development, and people-to-people exchanges, Hang said.
Illlustrative image (Photo: VNA) 
Illlustrative image (Photo: VNA) 
