The Vietnamese Embassy in Switzerland has recently held a ceremony to launch the non-profit Switzerland-Vietnam business group (SVBG), which aims at promoting exchanges and investment and trade cooperation between enterprises of the two nations.
Vietnamese Ambassador Le Linh Lan in Switzerland speaks at the event (Photo: VNA)
Geneva (VNA) – The Vietnamese Embassy inSwitzerland has recently held a ceremony to launch the non-profit Switzerland-Vietnambusiness group (SVBG), which aims at promoting exchanges and investment andtrade cooperation between enterprises of the two nations.
Based in Lausanne, the SVBG, the first of its kind foundedby Vietnamese expatriates in Switzerland, has been set to focus on offeringtrade information via workshops, forums, and internal bulletins; providinglegal consultations and guidance; developing links for technological transfersand improvement; and introducing quality human resources. It will also makerecommendations for more favourable business climate to competent agencies ofboth nations, while organising socio-cultural activities serving its goals.
Speaking at the debut ceremony, Vietnamese Ambassador LeLinh Lan stressed the group came into being at a special time as Vietnam hasplaced the COVID-19 pandemic under control and prepared best conditions possibleto welcome Swiss investors.
In 2020, Vietnam’s economy grew 2.91 percent, making it oneof the few countries that have maintained positive GDP growth while many othersin the world fell into severe recession. Also in August last year, theEU-Vietnam Free Trade Agreement took effect, opening up huge trade andinvestment opportunities for both sides. In last November, as the Chair of theASEAN, Vietnam successfully pushed the signing of the Regional ComprehensiveEconomic Partnership (RCEP), establishing the biggest free trade areaworldwide.
Lan stressed the embassy supports the operation of the SVBG.
At the debut (Photo: VNA)
According to the diplomat, Switzerland is the 6th largest European investor in Vietnam, with its investment totaling 2 billionUSD, mostly in manufacturing – processing and electricity. Currently, close to100 Swiss firms are operating in Vietnam.
Meanwhile, Vietnam is the four biggest trade partner ofSwitzerland in ASEAN, with bilateral trade exceeding 3.6 billion USD in 2019.Since 2012, Vietnam and the European Free Trade Association (EFTA) – the intergovernmentalorganisation of Iceland, Liechtenstein, Norway and Switzerland – begannegotiations for a FTA, which is expected to be signed this year.
As scheduled, the SVBG will make debut to its Swiss partnersat the Webinar Market Focus Vietnam that the group co-hosts with the embassyand the Geneva Chamber of Commerce, Industry and Services./.
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Vietnamese Ambassador Le Linh Lan in Switzerland speaks at the event (Photo: VNA) 
At the debut (Photo: VNA) 
