In an effort to bolster economic ties, the Vietnam-Switzerland Cooperation Conference on Trade, Investment, and Green Technology brought together dignitaries, policymakers, entrepreneurs, and experts from both Switzerland and Vietnam. Jointly organized by the Embassy of Vietnam in Switzerland, the Ministry of Industry and Trade of Vietnam, the Swiss-Asian Chamber of Commerce, Bellecapital, KIBV, and AIEVS, this event marked a significant step in fostering economic cooperation between the two nations.
Esteemed figures, including Ambassador H.E. Mr. Phung The Long, H.E. Mr. Tran Sy Thanh, Chairman of the People’s Committee of Hanoi, and former Deputy Prime Minister of Germany Mr. Philipp Rosler, among others, graced the occasion. The conference covered various vital topics, including innovative trade practices, investment opportunities, and sustainable technologies.
These discussions aimed to deepen economic engagement between Vietnam and Switzerland, creating pathways for future partnerships that promise mutual prosperity. This event transcends geographical boundaries, underscoring the commitment of nations to navigate a globalized economy and forge strong economic bonds.
Deepening Bilateral Cooperation
After more than 50 years of diplomatic relations, Vietnam and Switzerland aim to boost their partnership. Switzerland acknowledges Vietnam’s economic dynamism in Southeast Asia, while Vietnam sees Switzerland as a vital European partner. Both countries are in talks to finalize a free trade agreement with the European Free Trade Association (EFTA), including Switzerland, to enhance business ties and growth.
H.E. Mr. Phung The Long, Ambassador of Vietnam in Switzerland, expressed optimism about the prospects of enhanced cooperation between the two nations and emphasized Switzerland’s historical strength in innovation, well-established financial institutions, and a thriving business environment. He stated, “Switzerland has a long history of innovation, strong financial institutions, and a robust business environment. These qualities align well with Vietnam’s economic growth and development aspirations.”
Mr. Tran Sy Thanh, Member of the National Assembly of Vietnam and Chairman of the People’s Committee of Hanoi, emphasized the significance of the conference. He stated, “This event is a testament to the growing importance of Vietnam-Switzerland relations. We are keen to explore avenues for economic collaboration, and this conference serves as a platform to forge stronger ties.”
Ambassador Markus Schlagenhof, Delegate of the Federal Council for Trade Agreements, SECO, shared insights into Switzerland’s perspective on trade relations with Vietnam. He highlighted Switzerland’s priorities, challenges, and the potential benefits of enhancing economic ties between the two countries. “Switzerland sees great potential in Vietnam as a trading partner,” he noted. “We aim to foster mutually beneficial trade relations that contribute to the economic growth of both nations.”
Mr. Ta Hoang Linh, Director of the European-American Market Department at the Ministry of Industry and Trade of Vietnam, highlighted Vietnam’s strategies and efforts to promote trade with Switzerland. He discussed key sectors, trade policies, and initiatives to facilitate bilateral trade and address potential barriers. “Vietnam is committed to creating an environment conducive to trade and investment,” Mr. Linh stated. “We are open to collaboration and eager to explore opportunities with Swiss partners.”
Ms. Angela Rosa, Senior Consultant Southeast Asia at Switzerland Global Enterprises, brought insights into both countries’ business landscapes and opportunities. She discussed potential areas for collaboration, market insights, and best practices for Swiss and Vietnamese companies looking to expand their presence in each other’s markets.
“Collaboration between Swiss and Vietnamese businesses can lead to mutually beneficial outcomes,” Ms. Rosa emphasized. “There are untapped opportunities for growth and innovation in various sectors.”
Nurturing a Sustainable Startup Ecosystem in Vietnam
Vietnam’s booming startup ecosystem is a testament to its impressive transformation over the past decade. The nation has shifted from a primarily agrarian economy to a dynamic hub of entrepreneurship and innovation, holding great promise for its economic growth and contributions to global sustainability goals. This transformation has been driven by a combination of factors that have propelled Vietnam onto the global stage of entrepreneurship.
The panel discussion “Sustainable Startups Ecosystem” was moderated by Dr. Quy Vo-Reinhard, Co-Founder and Director of Health Foundations, who explored the elements necessary for cultivating a vibrant and sustainable startup ecosystem in Vietnam. Panelists included Dr. Pham Hong Quat, Director General of the Market Development and Enterprise Development Agency; Ms. Aliya Das Gupta, Senior Vice President of BD and Ecosystem Outreach for Sygnum; Mr. Huy Nghiem, Founder & CEO of Finhay; Ms. Anca del Rio, Global Strategy and Ecosystem Development at EIT Health; Dr. Pham Hong Quat, representing the governmental perspective, highlighted policies, initiatives, and strategies that the Ministry of Science and Technology is implementing to nurture a thriving startup ecosystem in Vietnam.
“The Vietnamese government recognizes the role of startups in driving innovation and economic growth,” Dr. Quat said. “We are committed to creating a conducive environment for startups to flourish.”
Ms. Aliya Das Gupta, Senior Vice President of BD and Ecosystem Outreach for Sygnum, emphasized the importance of partnerships, collaborations, and fintech innovation in shaping a sustainable startup ecosystem. “Startups thrive in ecosystems that encourage collaboration and provide access to resources,” she noted. “Vietnam has immense potential to become a hub for innovation.”
Mr. Huy Nghiem, a successful startup founder, shared his journey, challenges, and insights into the startup landscape in Vietnam. He highlighted the key factors contributing to the growth and sustainability of startups. “Startups need mentorship, access to capital, and a supportive ecosystem,” Mr. Nghiem said. “Vietnam’s startup scene is vibrant, and there are opportunities for innovation across various sectors.”
Ms. Anca del Rio, drawing on her global experience in ecosystem development, discussed best practices and strategies that can be applied in Vietnam to foster collaboration and innovation within the startup community. “Innovation knows no boundaries,” she stated. “Vietnam can learn from global ecosystems and adapt strategies to drive growth.”
Exploring Investment Opportunities in Vietnam: A Focus on Key Trends and Key Sectors
In foreign investment, Vietnam prioritizes advanced technology, innovation, and value chain integration to build digital, sustainable economies.
Both Vietnam and Switzerland are committed to creating a favorable business environment aligned with OECD standards, emphasizing stability, tackling economic challenges, improving infrastructure, and nurturing the workforce. They aim to enhance supply chains, reduce costs, and establish predictable policies.
A panel moderated by Mr. Roger Leitner explored Vietnam’s investment landscape. Panelists included Ms. Xinyue Hou, Portfolio Manager; Mr. Hung Pham, Chief Economist; Mr. Thomas Erdmann, Head of Wealth Funds, Investment Solutions, and Sustainability; and Dr. Laurent Sigismondi, General Counsel.
Ms. Xinyue Hou, a portfolio manager, shared insights into investment strategies and opportunities in Vietnam’s evolving landscape. She discussed how shifting trends, such as the relocation of industrial parks, are influencing investment decisions. “Vietnam’s strategic location and growth potential make it an attractive investment destination,” Ms. Hou said. “Investors are exploring opportunities in sectors like manufacturing and renewable energy.”
Mr. Hung Pham, an accomplished economist, provided an economic perspective on Vietnam’s investment climate. He analyzed trends like renewable energy development, power systems, and Vinfast’s listing, offering insights into their implications for investors. “Investors are closely watching Vietnam’s renewable energy sector, which presents significant growth prospects,” Mr. Pham noted.
Mr. Thomas Erdmann, Head of Wealth Funds, Investment Solutions, and Sustainability at Credit Suisse, brought forth the sustainable investment aspect within the context of Vietnam’s opportunities. He explored how sectors like renewable energy align with sustainable investment principles and the broader benefits they offer. “Sustainable investments are gaining traction, and Vietnam’s commitment to renewable energy aligns with global sustainability goals,” Mr. Erdmann emphasized.
Dr. Laurent Sigismondi, an expert in complex business environments, offered valuable insights into investments. His understanding of regulations and partnerships shed light on foreign investments in Vietnam. “Investors seek stability,” he noted, emphasizing Vietnam’s role in supporting economic growth.
The Vietnam-Switzerland Cooperation Conference on Trade, Investment, and Green Technology went beyond a formal gathering. It facilitated meaningful discussions, knowledge exchange, and partnerships, shaping the future of collaboration between Vietnam and Switzerland. It reflected both nations’ commitment to strengthening their partnership and shared vision for the future.
Knowledge Sharing and Robust Discussions
One of the hallmarks of the conference was the depth of knowledge sharing and the vigor of discussions that took place within its confines. Esteemed speakers, panelists, and attendees brought their insights and expertise to the table, engaging in dialogues that spanned a wide spectrum of topics. These discussions encompassed not only trade and investment but also the critical arena of green technology.
Participants delved into the intricacies of policies, strategies, and frameworks that are instrumental in fostering a conducive environment for businesses to thrive. The exchange of ideas, experiences, and best practices was not confined to the conference rooms alone but resonated beyond, potentially influencing policy decisions and business strategies in the years to come.
Forging Meaningful Partnerships
Perhaps one of the most significant outcomes of the Vietnam-Switzerland Cooperation Conference was the forging of meaningful partnerships. The event brought together key players from both the public and private sectors, creating an environment conducive to exploring collaborative ventures. These partnerships extend across a multitude of domains, from trade and investment to technological innovation.
Through this conference, businesses and organizations from Vietnam and Switzerland found common ground, identified shared goals, and initiated dialogues that could potentially lead to groundbreaking collaborations. These partnerships hold the potential to catalyze economic growth, drive innovation, and open up new avenues for trade between the two nations.
A Pivotal Step Forward
In the larger context of the Vietnam-Switzerland partnership, this conference represents a pivotal step forward. It goes beyond being a mere diplomatic formality; it is a tangible demonstration of the commitment of both countries to elevate their cooperation to new heights. The Swiss Federal Council’s Southeast Asia Strategy for the 2023-2026 period recognized Vietnam as a dynamic economy and a crucial partner for Switzerland. On the Vietnamese side, Switzerland is viewed as a key partner in Europe.
As these two nations join forces and actively engage in negotiations for a free trade agreement between Vietnam and the European Free Trade Association (EFTA), the conference becomes even more significant. It sets the stage for a future where trade, investment, and sustainable practices will flourish between Vietnam and Switzerland.
Opportunities for Mutual Benefit
The conference not only showcased the potential of the Vietnam-Switzerland partnership but also created opportunities for mutual benefit. Both countries are poised to capitalize on the knowledge shared, the partnerships forged, and the commitment demonstrated during this event.
Vietnam, with its dynamic economy and commitment to sustainable development, offers a promising landscape for Swiss businesses looking to expand their global footprint. Switzerland, known for its innovation, strong financial institutions, and business-friendly environment, presents enticing opportunities for Vietnamese enterprises.
In conclusion, the Vietnam-Switzerland Cooperation Conference on Trade, Investment, and Green Technology was not merely an event; it was a catalyst for a brighter future of collaboration. It illuminated the path for both Vietnam and Switzerland to explore new horizons, foster innovation, and strengthen economic ties for the mutual benefit of both nations.