Thursday, February 19, 2009

Vietnam-Switzerland trade ties move to new height

Viet Nam 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 Viet Nam Trade Bureau in Switzerland , to date, 90 Swiss enterprises are operating in Viet Nam , 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%, and imports, 39%.

Viet Nam 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 Viet Nam join the world economy, especially the Swiss and European markets. (VNA)

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