Switzerland aids over 3.34 million USD to develop circular economy in Vietnam
Deputy Minister of Planning and Investment Do Thanh Trung has announced that his ministry received over 3.34 million USD funded by Switzerland’s State Secretariat for Economic Affairs (SECO) to promote circular economy and mitigate climate change impacts in industrial zones in Vietnam.
Deputy Minister of Planning and Investment Do Thanh Trung (Photo: VNA)
Hanoi (VNA) - Deputy Minister of Planning and Investment Do Thanh Trung has announced that his ministry received over 3.34 million USD funded by Switzerland’s State Secretariat for Economic Affairs (SECO) to promote circular economy and mitigate climate change impacts in industrial zones in Vietnam.
Speaking at the recent signing ceremony of the project document on replicating the eco-industrial park approach to promote circular economy in Vietnam, Trung said that this funding will facilitate the replication of the eco-industrial park (EIP) model nationwide based on successes in the 2014-2024 period, promote circular economy in the industrial sector and in IPs, minimise the impact of production activities on the environment, and support IPs in responding to climate change.
The signing ceremony marks an important step forward for Vietnam in promoting and replicating approaches to EIPs, contributing to enhancing the position and sustainable development of this model nationwide, he affirmed.
The project will help expand the implementation of eco-industrial zones, focusing on improving the efficiency of resource use, minimising waste, promoting recycling, improving the socio-economic, and environmental efficiency of enterprises, thereby contributing to sustainable and comprehensive industrial development, added the official.
🍌 The deputy minister appreciated Switzerland's contributions to Vietnam in terms of official development assistance (ODA) and foreign investment. Regarding ODA, since 1992, through SECO, Switzerland has supported Vietnam with nearly 630 million CHF (709 million USD). In the cooperation programme between Switzerland and Vietnam for the 2021-2024 period, Switzerland committed to providing about 70 million CHF, with two major orientations of promoting the formation of a healthy economic framework and market orientation, and enhancing the competitiveness and market access of the private sector./.
The Swiss Agency for Development and Cooperation (SDC) has dispatched a team of six experts from the Swiss Humanitarian Aid Unit to Vietnam and earmark 1 million CHF (about 1.1 million USD) to support people affected by Typhoon Yagi in this Southeast Asian country.
Helvetas Swiss Intercooperation, a Swiss association for international cooperation, in collaboration with Vietnam’s Centre for Rural Economy Development (CRED), on September 10 launched the Swiss Executive Hospitality Training (Swiss EHT) programme, as part of the Swiss Tourism for Sustainable Development project in Vietnam” (ST4SD) project.
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.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
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.
