Swiss enterprises keen to invest in Vietnam

Addressing the event, Vietnamese Ambassador to Switzerland Phung The Long highlighted a range of significant achievements in the relationship between the two countries across multiple fields, noting 2021 marked 50 years since the establishment of diplomatic ties between the two countries.

Currently, Switzerland makes up Vietnam’s sixth largest European investor and ranks 20th among foreign investors in Vietnam, Ambassador Long said.

The diplomat also briefed Swiss businesses on the important policies introduced by the Vietnamese Government as it seeks to continue promoting comprehensive international economic integration and encouraging investment in priority fields, including high technology, information technology, supporting industries, smart agriculture, environmental protection, and renewable energy.

Ambassador Long called on Swiss businesses to further invest in Vietnam, affirming the Vietnamese Embassy in Switzerland is willing to support Swiss firms in exploring the Vietnamese market.

Representatives from Sonova Holding AG, a leading provider of hearing care solutions, shared its successful experience in investment in Vietnam, revealing that the firm has established additional hearing aid centres as it seeks to support language development for hearing-impaired people in the country.

Meanwhile, leaders of Bellecapital Group expressed their great appreciation for Vietnamese investment policies, saying that Galileo - Vietnam Fund, operated by Bellecapital, has been operating effectively in the country over the past decade.

At an investment promotion forum held in the Swiss city of Lugano, Fidiman Group provided useful information on Vietnamese incentive policies and legal procedures related to the opening of companies, branches, representative offices in the country.

According to representatives of Fidiman Group, Vietnam remains an ideally alternative market for businesses seeking lower production costs aimed at ensuring connectivity of supply chains, infrastructure, and logistics services of neighbouring markets.

During a separate meeting with Ambassador Long, Mayor of Lugano Michele Foletti expressed his wish to continue working closely alongside the Vietnamese Embassy to promote ties of friendship and co-operation between Lugano and Vietnamese localities moving forward.