Vietnam welcomes and creates favorable conditions for foreign investors, including those from Switzerland, Deputy PM Hoang Trung Hai reiterated.
The Deputy PM made the statement at the Vietnam-Switzerland trade promotion conference held on September 12 in Zurich, Switzerland.
The conference brought together businesses from the both countries operating in the fields of finance-banking, manufacturing, textile, food processing, pharmacy, chemistry, timber processing, and tourism.
Deputy PM Hai updated Swiss investors of recent developments in Vietnam. The country is now featured with a dynamic economy, a populous population, abundant young workforce, and a geographic location favourable for economic, trade and investment cooperation.
Last year, the Vietnamese economy expanded at 6.78%, total export turnover fetched US$156 billion, or five times higher than the year 2000.
Switzerland is one of Vietnam’s top economic partners with more than 80 projects totaling nearly US $2 billion, making it the 19th biggest foreign investor in Vietnam. Its well-known trademarks like Nestle, Holcim, Norvatis have already invested in Vietnam.
Deputy PM Hai called on Swiss investors to pour investment in industries, precise mechanics, chemistry, pharmacy and banking.
Swiss investors showed their impressions about Vietnam’s potentials and its cooperation opportunities after learning about successful stories of Nestlé, Novatis/Ciba – Sandoz, Roche, Holcim, ABB among others.
Two way trade between the two countries has made tremendous progress, especially after Vietnam’s admission to the World Trade Organzation. In 2009, Vietnam shipped US$2.49 billion of goods to the European country while importing US$406.58 million.
On the same day, Deputy PM Hoang Trung Hai hosted a reception to some of the host’s business giants who are seeking investment opportunities in Vietnam.
VGP
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