Vietnam seeks to forge trade ties with Switzerland
Delegates at a webinar in Switzerland on July 9 shared the view that Vietnam is a promising destination for the movement of investment capital and production and supply chains that have been triggered by the COVID-19 pandemic.
Geneva (VNA) – Delegates at a webinar in Switzerland on July 9 shared the viewthat Vietnam is a promising destination for the movement of investment capitaland production and supply chains that have been triggered by the COVID-19pandemic.
The webinar on Vietnam’s investment opportunities was jointly held by theVietnamese Embassy in Switzerland, the Swiss-Asian Chamber of Commerce andBecamex Binh Duong, with the participation of nearly 30 firms from Switzerland,Germany and Singapore, along with domestic enterprises.
Speaking at the event, Vietnamese Ambassador Le Linh Lan highlighted Vietnam’sbright growth outlook in 2020 and 2021 as forecast by major financial andeconomic institutions like the International Monetary Fund and the WordBank.
Vietnam is now focusing on promoting domestic private investment, attractingforeign direct investment, boosting export, increasing public investment andencouraging domestic consumption, Lan continued.
She also commended trade and investment ties between Vietnam and Switzerland,with two-way trade hitting 3.61 billion CHF (3.84 billion USD) last year,saying Switzerland is Vietnam’s sixth largest European investor with a totalcapital amounting to 2 billion CHF.
Vietnam believes that with their capacity and experience, Swiss investors infinance, pharmacy and food processing will continue to choose Vietnam as a safeand attractive destination during economic recovery post COVID-19, theambassador said./.
The Vietnam-Switzerland relationship has grown strongly in various fields over the past years, stated Vietnamese Ambassador to Switzerland and Liechtenstein Pham Hai Bang.
Deputy Prime Minister and Foreign Minister Pham Binh Minh on June 11 held phone talks with Swiss Foreign Minister Ignazio Cassis on measures to enhance cooperation between the two nations, as well as their coordination at multilateral forums.
An online conference took place between Vietnam’s Ministry of Labour, Invalids and Social Affairs (MoLISA) and Switzerland’s Federal Department of Economic Affairs, Education and Research (EAER) on June 23, discussing ways to enhance the sides’ post-COVID-19 labour cooperation.
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The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Tan Cang Song Than ICD JSC (Photo: VNA) 
