Swiss firms interested in HCM City's smart urban development
Leaders of Switzerland’s Credit Suisse and Aebi Schmidt Holding (ASH) Company expressed interest in smart urban development in Ho Chi Minh City during a meeting with Vice Chairman of the municipal People’s Committee Tran Vinh Tuyen on July 8.
Vice Chairman of the HCM City People’s Committee Tran Vinh Tuyen (R) receives CEO of Aebi Schmidt Holding Barend Fruithof on July 8 (Photo: VNA)
HCM City (VNA) – Leaders of Switzerland’s Credit Suisse and Aebi Schmidt Holding(ASH) Company expressed interest in smart urban development in Ho Chi Minh Cityduring a meeting with Vice Chairman of the municipal People’s Committee TranVinh Tuyen on July 8.
Receiving ViceChairman of Credit Suisse’s Asia-Pacific Corporate Banking Urs Buchmann andASH’s CEO Barend Fruithof, Tuyen promised to send a list of 200 projects callingfor capital to Switzerland’s Credit Suisse and Aebi Schmidt Holding (ASH) Companyfor reference.
He told theguests that in order to deal with flooding, waste treatment and trafficcongestion, the city has to adopt technological advances in management. In thenear future, it wants to choose pilot models in hospitals and schools, thenspread effective models further.
The city isbuilding four pillars for sustainable smart urban development, he said, addingthat it will also create favourable conditions for Credit Suisse to joinrelevant projects and partner with firms sponsored by the lender.
According tohim, Ho Chi Minh City wants to work with partners to launch projects instead ofusing State budget.
The hostwished that Credit Suisse would partner with the city and introduce Europeanfirms as partners to develop smart infrastructure there.
Buchmann,for his part, said the bank has organised trips for Swiss enterprises toVietnam to seek business deals since 1990.
CreditSuisse is also one of the first banks to work with partners in Vietnam and helpVietnamese firms in financial field, he said.
He said thebank wants to introduce businesses to the city to seek collaborationopportunities in smart urban and infrastructure development.
Fruithofsaid ASH manufactures a number of high-tech products such as airport cleaningequipment, street sweeping machines and agricultural products, among others.
He addedthat the company has switched from selling products to providing high-techsolutions for Asian market.-VNA
Vietnamese Ambassador to Switzerland Le Linh Lan presented her credentials to President of Switzerland Ueli Maurer in the Swiss capital city of Bern on April 9.
Developing eco-industrial parks is among important programmes within the Switzerland’s cooperation and development framework for Vietnam, Swiss Ambassador to Vietnam Beatrice Maser Mallor said at a seminar in Hanoi on June 12.
Vietnam always attaches much importance to intensifying the friendship and traditional cooperation with Switzerland, Vice President Dang Thi Ngoc Thinh said while meeting with Swiss President Ueli Maurer in Bern on July 3.
Vice President Dang Thi Ngoc Thinh called on the Canton of Bern of Switzerland to enhance partnerships with Vietnamese localities while meeting with its governor Christoph Ammann in Bern city on July 5.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
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.
Vice Chairman of the HCM City People’s Committee Tran Vinh Tuyen (R) receives CEO of Aebi Schmidt Holding Barend Fruithof on July 8 (Photo: VNA) 
