Vietnam-Switzerland Business and Investment Promotion Forum (Source: VNA)
Geneva (VNA) – Potential areas for cooperation betﷺween Vietnamese and Swiss businesses were discusse🌞d at a forum in Geneva on December 7.
The Vietnam-Switzerland Business and Investment Promotion Forum was co-organised by Vietnam’s Permanent Mission to the UN, the World Trade Organisation (WTO) and other international organisations in Geneva.
It aims to create a network of cooperation between Vietnamese businesses and their Swiss counterparts, as well as other organisations.
Trade between Vietnam and Switzerland has reached 633 million USD in recent years. In the first ten months of this year, Vietnam exported 184 million USD worth of goods to Switzerland while importing 340 million USD from the European country.
In 2014, Switzerland ranked 18th among 101 countries and territories investing in Vietnam, with 102 projects valued at more than 2 billion USD.
A number of Swiss firms such as Holcim, Nestle, Generalli Insurance, ABB and Syngenta have gained a reputation in the Southeast Asian nation.
Many well-known Swiss universities specialising in the fields of tourism and finance have also lured a crowd of Vietnamese students.
Participants at the event shared their experiences in running businesses in the context of global economic integration and competitiveness.
Paul Wessendorp , chief of the Investment Promotion Section under the UN Conference on Trade and Development (UNCTAD) , lauded the remarkable progress Vietnam has made in shifting towards a market economy.
The country’s encouragement for private companies, openness to foreign investors and a host of reforms have helped boost its industrial development, diversify the economy and ingrate more deeply into the world economy, he said.
Highlighting Vietnam’s engagement in the Trans-Pacific Partnership (TPP) agreement, Paul Wessendorp said Vietnam is one of the leading nations in Asia in terms of publicising its investment procedures in detail and transparently.
Other UNCTAD experts gave their opinions on the Vietnamese market, focusing on issues regarding foreign direct investment, small and medium-sized enterprises and e-commerce in the country.
Vietnamese Deputy Minister of Justice Nguyen Khanh Ngoc highlighted his country’s efforts to improve the investment environment and provide legal support for businesses operating in the market.
The event also heard reports on trade and investment opportunities in the two countries.
Established in 1984, the Vietnamese Permanent Mission to the UN is tasked with promoting trade links between Vietnam and Switzerland.-VNA
A Hanoi delegation recently toured Geneva and Bern in a bid to boost multifaceted cooperation between the Vietnamese capital city and the Swiss cities.
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The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
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.
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This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Vietnam-Switzerland Business and Investment Promotion Forum (Source: VNA)
