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Vietnam becomes attractive destination for Swiss investors

In Uncategorized on May 18, 2010 at 5:02 pm

Vietnam becomes attractive destination for Swiss investors

QĐND – Tuesday, May 18, 2010, 20:59 (GMT+7)

Vietnam became an attractive destination for Swiss investors, the Swiss State Secretary for Economic Affairs told a Vietnam-Switzerland business forum during the current visit to the Western country by President Nguyen Minh Triet.

Switzerland attaches importance to expanding economic co-operation with Vietnam, Secretary Jean-Daniel Gerber said, stressing advantages in an overview on economy, trade and investment between the two countries.

The two countries saw a constant increase in bilateral trade, registering five times in the 1998-2008 period. In 2009, Switzerland ranked fourth among Vietnam’s exporting markets, the Swiss official said.

Vietnam has a great potential for tourism, services, insurance, banking and communication, which, he said, are offering more opportunities for Swiss companies.

He stressed the on-going official visit to Switzerland by President Triet describing it as a milestone in the two countries’ history. He also spoke highly of Vietnam’s experience in overcoming impacts of the global economic-financial crisis, maintaining GDP growth and political stability.

Addressing the two countries business community, President Triet said with its motto of being a friend, reliable and comprehensive co-operative partner with all countries, regional and international organisations, Vietnam always wishes to turn companionship and friendship with other countries into strength in economic co-operation.

Vietnam is creating most favourable investment climate, and is ready to welcome Swiss firms to invest and do business in Vietnam, the President affirmed.

He expressed his pleasure at development of the two countries’ relations and thanked Switzerland’s assistance to Vietnam through most favoured nation status, common effective preferential tariff scheme, ODA and human training programmes.

Also at the forum, President Triet witnessed the signing of contracts on import and export of handicraft items, and fertilizers between both countries’ businesses.

Before attending the forum, President Triet received Credit Suisse leaders, who committed to inject capital in Vietnam’s major projects and provide financial governance human resource training to state-owned enterprises.

President Nguyen Minh Triet is on a four-day official visit to Switzerland from May 16 as guest of Swiss President Doris Leuthard.

Source: Nhandan/VNA

Source: QDND

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