Switzerland supports Vietnam in training bank executives
The State Bank of Vietnam (SBV) and the Embassy of Switzerland last week signed a bilateral agreement for the new Swiss Bank Executive Training programme (Swiss BET) to help build the capacity of Vietnamese bank executives.
State Bank of Vietnam Governor Nguyen Thi Hong at the signing ceremony (Photo: VnEconomy)
Hanoi (VNS/VNA) - The State Bank of Vietnam (SBV) and the Embassy of Switzerlandlast week signed a bilateral agreement for the new Swiss Bank ExecutiveTraining programme (Swiss BET) to help build the capacity of Vietnamese bankexecutives.
The programme,which will run from 2022 to 2027, will provide support with a grant of fivemillion Swiss francs (about 5.4 million USD).
The bankingindustry plays a central role in efforts to sustain the high rate of economicgrowth. As the sector is still prone to external instabilities, strengtheningthe banking sector to narrow the gaps with international standards isstrategically important.
The Swiss BETprogramme offers the instruments required by the Vietnamese banking andfinancial industry to improve management practices in respective institutions.Building on the success of the previous programme phases, Swiss BET will begoverned by a partnership of the SBV and the State Secretariat for EconomicAffairs (SECO).
The SwissFinance Institute (SFI), the project-implementing agency, will provide experttraining. The SFI will train more than 240 Vietnamese bank executives andhundreds of central bankers on the latest state-of-the-art banking managementpractices./.
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.
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.
State Bank of Vietnam Governor Nguyen Thi Hong at the signing ceremony (Photo: VnEconomy) 
