Deputy PM concludes working visit to Switzerland

Vietnam will closely coordinate with Switzerland and other members of the European Free Trade Association to conclude a free trade agreement in 2026, meeting expectations of businesses in both countries and creating new drivers for bilateral economic cooperation.

Deputy Prime Minister Nguyen Hoa Binh delivers a speech at the headquarters of the Switzerland Global Enterprise. (Photo: VNA)
Deputy Prime Minister Nguyen Hoa Binh delivers a speech at the headquarters of the Switzerland Global Enterprise. (Photo: VNA)

Geneva (VNA) – Permanent Deputy Prime Minister Nguyen Hoa Binh paid a working visit to Switzerland from January 28 to 30.

During the visit, Binh paid courtesy calls on Swiss President Guy Parmelin and President of the National Council of Switzerland Pierre-Andre Page. He also held working sessions with leaders of the Swiss National Bank, UBS Group, Sygnum Bank, and Safra Sarasin Bank, and representatives of the Swiss Business Federation, Switzerland Global Enterprise, and Swissmem - the leading association for both SMEs and major corporations in the Swiss technology industry.

At the meetings, Swiss leaders, business associations and enterprises highly appreciated the visit, noting that it took place at a meaningful time as the two countries mark the 55th anniversary of the establishment of diplomatic relations in 2026. Both sides agreed that Vietnam–Switzerland relations have developed positively across many fields, especially since the two countries elevated ties to a Comprehensive Partnership in early 2025 during Prime Minister Pham Minh Chinh’s visit to Switzerland.

Binh briefed the Swiss leaders on major outcomes of the 14th National Party Congress, reaffirming Vietnam’s consistent policy of valuing and strengthening friendship and cooperation with Switzerland. On this occasion, he conveyed invitations for official visits to Vietnam from Party General Secretary To Lam and State President Luong Cuong to President Guy Parmelin, and from National Assembly Chairman Tran Thanh Man to President Pierre-Andre Page.

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Permanent Deputy Prime Minister Nguyen Hoa Binh holds a working meeting with the leadership of UBS Group. (Photo: VNA)

The two sides discussed specific measures to bring bilateral relations into a more effective and substantive new phase, particularly through enhanced exchanges of delegations at all levels. They stressed effective implementation of the Comprehensive Partnership framework to generate fresh momentum for cooperation in trade, investment and finance, and welcomed Switzerland’s consideration of establishing a parliamentary friendship group with Vietnam.

Vietnam will closely coordinate with Switzerland and other members of the European Free Trade Association to conclude a free trade agreement in 2026, meeting expectations of businesses in both countries and creating new drivers for bilateral economic cooperation, he said.

Representatives of the Swiss National Bank and Swiss enterprises expressed strong impressions of Vietnam’s development goals, including its ambition for double-digit growth set by the 14th National Party Congress. They congratulated Vietnam on emerging as an attractive destination for Swiss and international investors.

They also noted that Vietnam’s establishment of an international financial centre would further enhance its appeal to global investors.

Leaders of Sygnum Bank, the world’s first digital asset bank founded in 2018, shared experience in building regulatory frameworks and infrastructure for digital banking ecosystems, and affirmed their continued interest in investment opportunities in Vietnam.

Deputy PM Binh stressed that developing an international financial centre is a strategic step to attract long-term capital, advanced technologies and deepen Vietnam’s integration into global financial value chains. He also outlined Vietnam’s policies on developing the digital asset market and efforts to soon operationalise the international financial centre in Ho Chi Minh City and Da Nang.

Following Switzerland, Binh will pay a working visit to Kazakhstan from January 31 to February 3./.

VNA

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