Vietnam-Switzerland trade ties move to new height

Vietnam and Switzerland exchanged a series of trade delegations to probe into each other’s markets and seek investment opportunities in 2008, bringing the two countries’ trade and economic relations to a new height.

According to the Vietnam Trade Bureau in Switzerland, to date, 90 Swiss enterprises are operating in Vietnam, providing jobs for 2,000 local workers.

In the first 10 months of 2008, Vietnam’s exports to Switzerland marked a year-on-year increase of 32 percent, and imports, 39 percent.

Vietnam also imported gold worth billions of Swiss francs.

The Swiss Import Promotion Programme (SIPPO) is mapping out various projects for 2008-2011 to assist Vietnamese medium- and small-sized enterprises to integrate into the world economy.

These projects fall within the framework of Swiss-funded technical assistance projects to help Vietnam join the world economy, especially the Swiss and European markets.

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