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Opportunities for boosting Vietnam-Switzerland cooperation in economics, trade, investment, education, science-technology and tourism were recently discussed at a workshop in Switzerland.

Trade Councilor Luong Manh Hung said Vietnam has achieved an economic growth rate of 5.2 percent and its GDP per capita income has reached US$1,540 in 2012.

The country has invested US$15 billion in 738 projects overseas, and attracted nearly US$213 billion in registered investment capital from 14,364 projects.

Vietnam and Switzerland have signed a number of memorandums of understanding on cooperation in education, finance and banking.

Switzerland ranks 19th among foreign investors in Vietnam, injecting nearly US$2 billion into 91 projects. The capital value remains modest compared to the European nation’s economic power, which is expected to gross US$700 billion in GDP in 2012.

Expert Pham Nam Kim, who works on banking and finance in Switzerland, said Vietnam has adequate conditions to attract foreign investment, especially for its long-term investment plans.

However, he warned that like many other countries Vietnam has struggled to shore up its economy in the context of the global economic recession, and it is no easy task. He suggested Vietnam should show its strong resolve to maintain its achieved economic position.

Dr Minh Tri Amacher, general director of TRISTAR Consulting Co. Ltd. pointed out the legal corridor, infrastructure, and people’s education level as major factors in boosting trade promotion and drawing investment into Vietnam.

Vietnamese ambassador to Switzerland Nguyen The Phiet confirmed that his embassy is willing to provide businesses with up-to-date information on Party and State policies to facilitate their operations, and make recommendations concerning economic policies to the Party and State.

The Vietnamese embassy, in collaboration with relevant Vietnamese and Swiss agencies, has organised 15 business roundtables and investment promotion conferences since late 2009.


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