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Switzerland to assist Vietnam in shifting to digital economy, green growth

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Switzerland will support Vietnam in practicing digital transformation toward a digital economy and green growth, Guy Parmelin, member of the Swiss Federal Council and head of the Federal Department of Economic Affairs, Education and Research, affirmed on Monday.

Federal Councilor Parmelin made the affirmation at his talks with Vietnamese Deputy Prime Minister Tran Hong Ha, who is in Switzerland to attend the five-day World Economic Forum’s Annual Meeting, which kicked off in Davos the same day, according to the Vietnam News Agency.

The host and guest expressed their delight at the good development of the traditional friendship between Vietnam and Switzerland over the past 50 years, especially in politics, diplomacy, economics, development cooperation, science and technology, and education and training.

The increasing two-way trade between the two countries reached US$721.3 million in January-November, and Switzerland now has 197 active foreign direct investment (FDI) projects in Vietnam worth a combined $1.89 billion, ranking 21st out of 140 countries and territories investing in the Southeast Asian country, deputy PM Ha said. 

With a market of nearly 100 million people and 15 free trade agreements (FTAs) having been signed with its partners in the world, Vietnam has become an attractive market offering great opportunities for economic, trade, and investment cooperation to foreign investors, Ha told his host.

In such a context, Vietnam is now transforming its economy to a new model of digital, circular, and low-carbon economy to attain sustainable and green development, Ha said.

The Vietnamese official suggested that Swiss investors engage in projects with new, advanced, and clean technology and those in environmental protection, innovation, and modern administration in Vietnam.

Ha asked his guest to facilitate Swiss entrepreneurs in doing long-term business in Vietnam, especially in such areas as finance, banking, insurance, manufacturing, pharmaceuticals, agricultural product processing, renewable energy, and tourism.

Regarding green growth, deputy PM Ha said Vietnam is in transition from fossil energy to renewable energy to reduce CO2 emissions toward fulfilling its international commitment to reduce net emissions to zero by 2050. 

He therefore hoped that Switzerland would participate in helping reduce emissions in developing countries including Vietnam. 

Federal Councilor Parmelin highly appreciated Vietnam’s commitment to net-zero emissions and congratulated the nation on achieving a Fair Energy Transition Partnership (JETP) with G7 countries and partners. 

The host pledged that Switzeland will assist Vietnam in transitioning to a circular economy and practicing circular production and digital transformation toward a digital economy and green and sustainable development.

Deputy PM Ha suggested that Switzerland continue to coordinate with Vietnam to promote the negotiation of an FTA between Vietnam and the European Free Trade Association (EFTA) and affirmed that Vietnam is ready to become a bridge for EFTA to access and expand its markets in the ASEAN region.

The guest also congratulated Switzerland on being elected as a non-permanent member of the United Nations Security Council for the first time. 

The two sides agreed to strengthen mutual coordination and support at multilateral forums and international organizations.

Deputy PM Ha asked the Swiss government to create favorable conditions for the Vietnamese community in Switzerland to stabilize their lives and integrate into the host society.

After the talks, the host and guest co-chaired an exchange session with Swiss businesses and investors, at which leaders of many leading Swiss corporations expressed their impression with Vietnam’s economic recovery from the COVID-19 pandemic and lauded Vietnam’s growth prospects in the coming time.

These enterprises expressed their desire to expand their investment and promote business cooperation in Vietnam.

Deputy PM Ha answered all the questions raised by the host businesses in relation to doing business and making investment in Vietnam.

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Switzerland will support Vietnam in practicing digital transformation toward a digital economy and green growth, Guy Parmelin, member of the Swiss Federal Council and head of the Federal Department of Economic Affairs, Education and Research, affirmed on Monday.

Federal Councilor Parmelin made the affirmation at his talks with Vietnamese Deputy Prime Minister Tran Hong Ha, who is in Switzerland to attend the five-day World Economic Forum’s Annual Meeting, which kicked off in Davos the same day, according to the Vietnam News Agency.

The host and guest expressed their delight at the good development of the traditional friendship between Vietnam and Switzerland over the past 50 years, especially in politics, diplomacy, economics, development cooperation, science and technology, and education and training.

The increasing two-way trade between the two countries reached US$721.3 million in January-November, and Switzerland now has 197 active foreign direct investment (FDI) projects in Vietnam worth a combined $1.89 billion, ranking 21st out of 140 countries and territories investing in the Southeast Asian country, deputy PM Ha said. 

With a market of nearly 100 million people and 15 free trade agreements (FTAs) having been signed with its partners in the world, Vietnam has become an attractive market offering great opportunities for economic, trade, and investment cooperation to foreign investors, Ha told his host.

In such a context, Vietnam is now transforming its economy to a new model of digital, circular, and low-carbon economy to attain sustainable and green development, Ha said.

The Vietnamese official suggested that Swiss investors engage in projects with new, advanced, and clean technology and those in environmental protection, innovation, and modern administration in Vietnam.

Ha asked his guest to facilitate Swiss entrepreneurs in doing long-term business in Vietnam, especially in such areas as finance, banking, insurance, manufacturing, pharmaceuticals, agricultural product processing, renewable energy, and tourism.

Regarding green growth, deputy PM Ha said Vietnam is in transition from fossil energy to renewable energy to reduce CO2 emissions toward fulfilling its international commitment to reduce net emissions to zero by 2050. 

He therefore hoped that Switzerland would participate in helping reduce emissions in developing countries including Vietnam. 

Federal Councilor Parmelin highly appreciated Vietnam’s commitment to net-zero emissions and congratulated the nation on achieving a Fair Energy Transition Partnership (JETP) with G7 countries and partners. 

The host pledged that Switzeland will assist Vietnam in transitioning to a circular economy and practicing circular production and digital transformation toward a digital economy and green and sustainable development.

Deputy PM Ha suggested that Switzerland continue to coordinate with Vietnam to promote the negotiation of an FTA between Vietnam and the European Free Trade Association (EFTA) and affirmed that Vietnam is ready to become a bridge for EFTA to access and expand its markets in the ASEAN region.

The guest also congratulated Switzerland on being elected as a non-permanent member of the United Nations Security Council for the first time. 

The two sides agreed to strengthen mutual coordination and support at multilateral forums and international organizations.

Deputy PM Ha asked the Swiss government to create favorable conditions for the Vietnamese community in Switzerland to stabilize their lives and integrate into the host society.

After the talks, the host and guest co-chaired an exchange session with Swiss businesses and investors, at which leaders of many leading Swiss corporations expressed their impression with Vietnam’s economic recovery from the COVID-19 pandemic and lauded Vietnam’s growth prospects in the coming time.

These enterprises expressed their desire to expand their investment and promote business cooperation in Vietnam.

Deputy PM Ha answered all the questions raised by the host businesses in relation to doing business and making investment in Vietnam.

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Source: https://tuoitrenews.vn/news/politics/20230117/switzerland-to-assist-vietnam-in-shifting-to-digital-economy-green-growth/71031.html

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UK willing to help Ho Chi Minh City turn into regional financial hub: ambassador

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The UK is willing to share its experience to help Ho Chi Minh City develop into a financial hub in the Southeast Asian region, UK Ambassador to Vietnam Iain Frew said during a meeting with Ho Chi Minh City chairman Phan Van Mai on Tuesday.

He expected that 2023, which marks the 50th anniversary of the diplomatic relations between Vietnam and the UK, will witness the strong development of cooperation between the two countries in many sectors.

He shared that the UK will focus on cooperating with Ho Chi Minh City in three key aspects this year, including trade, education, and sustainable development.

As for trade, the UK ambassador said the two sides have a solid cooperation foundation with their bilateral free trade agreement.

The UK is also completing procedures to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to which Vietnam is party.

Some UK delegations will visit Ho Chi Minh City and Vietnam to boost their cooperation in the coming time.

In addition, the UK hoped to foster the collaboration with Vietnam and Ho Chi Minh City in particular in education.

Regarding sustainable development, Frew said the UK will work with Vietnam in energy transition to head toward clean, green development and carbon neutrality.

In response, Ho Chi Minh City chairman Mai said that the city is building a plan to turn into a financial center and it is in need of the support of other countries, such as the UK.

The city always welcomes and creates favorable conditions for foreign citizens to live and work here.

Moreover, the city pays a lot of attention to further cooperation with the UK in education and sustainable development.

Ambassador Frew also shared a plan to celebrate the two countries’ diplomatic ties in September this year.

Mai affirmed that Ho Chi Minh City is willing to participate in events held by the UK Embassy in Vietnam.

On the same day, patrol vessel HMS Spey of the British Royal Navy arrived in Ho Chi Minh City, commencing a five-day friendship visit to the city.

Frew said the visit proved the cooperation commitment between the two countries in national defense, marine security, and the East Vietnam Sea.

Chairman Mai said the visit by HMS Spey is a milestone to celebrate the 50th anniversary of the bilateral ties between Vietnam and the UK.

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The UK is willing to share its experience to help Ho Chi Minh City develop into a financial hub in the Southeast Asian region, UK Ambassador to Vietnam Iain Frew said during a meeting with Ho Chi Minh City chairman Phan Van Mai on Tuesday.

He expected that 2023, which marks the 50th anniversary of the diplomatic relations between Vietnam and the UK, will witness the strong development of cooperation between the two countries in many sectors.

He shared that the UK will focus on cooperating with Ho Chi Minh City in three key aspects this year, including trade, education, and sustainable development.

As for trade, the UK ambassador said the two sides have a solid cooperation foundation with their bilateral free trade agreement.

The UK is also completing procedures to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to which Vietnam is party.

Some UK delegations will visit Ho Chi Minh City and Vietnam to boost their cooperation in the coming time.

In addition, the UK hoped to foster the collaboration with Vietnam and Ho Chi Minh City in particular in education.

Regarding sustainable development, Frew said the UK will work with Vietnam in energy transition to head toward clean, green development and carbon neutrality.

In response, Ho Chi Minh City chairman Mai said that the city is building a plan to turn into a financial center and it is in need of the support of other countries, such as the UK.

The city always welcomes and creates favorable conditions for foreign citizens to live and work here.

Moreover, the city pays a lot of attention to further cooperation with the UK in education and sustainable development.

Ambassador Frew also shared a plan to celebrate the two countries’ diplomatic ties in September this year.

Mai affirmed that Ho Chi Minh City is willing to participate in events held by the UK Embassy in Vietnam.

On the same day, patrol vessel HMS Spey of the British Royal Navy arrived in Ho Chi Minh City, commencing a five-day friendship visit to the city.

Frew said the visit proved the cooperation commitment between the two countries in national defense, marine security, and the East Vietnam Sea.

Chairman Mai said the visit by HMS Spey is a milestone to celebrate the 50th anniversary of the bilateral ties between Vietnam and the UK.

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Source: https://tuoitrenews.vn/news/politics/20230208/uk-willing-to-help-ho-chi-minh-city-turn-into-regional-financial-hub-ambassador/71404.html

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UK naval vessel begins 5-day visit to Ho Chi Minh City

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Patrol vessel HMS Spey of the British Royal Navy arrived in Ho Chi Minh City on Tuesday, commencing a five-day friendship visit to the city on the occasion of the 50th anniversary of diplomatic relations between Vietnam and the UK.

Captained by Commander Michael Proudman, this is the fourth British Royal Navy ship sent to Vietnam in the past five years.

The visit is an opportunity for the Royal Navy to strengthen its cooperation with Vietnamese partners and underlines the UK’s unwavering commitment to promoting global stability and security in the Indo-Pacific region, Proudman stated.

UK Ambassador to Vietnam Iain Frew affirmed that defense and security cooperation between Hanoi and London is developing strongly, adding that the Southeast Asian country plays an important role in regional security.

The visit reaffirms the fact that the UK is one of Vietnam’s most reliable and long-term partners in maritime security.

UK Ambassador to Vietnam Iain Frew (L) on the HMS Spey in Ho Chi Minh City, February 7, 2023. Photo: Tran Phuong / Tuoi Tre

UK Ambassador to Vietnam Iain Frew (L) on the HMS Spey in Ho Chi Minh City, February 7, 2023. Photo: Tran Phuong / Tuoi Tre

It takes place on the occasion of the 50th anniversary of the two countries’ diplomatic relations, Frew continued, adding that the milestone marks half a century of good friendship and effective cooperation, including ties in defense and security.

The East Vietnam Sea is very important to global security as well as trade and supply chains, so the UK and other countries need to be concerned about what is happening here, the ambassador stressed.

During their stay, officers of the HMS Spey are expected to pay a courtesy visit to the leaders of the Ho Chi Minh City People’s Committee, the 7th Military Region Command, and the 2nd Naval Command.

They will also participate in many activities including professional exchanges, friendly football matches, and cultural exchanges.

The crew will welcome students in STEM subjects (science, technology, engineering, and math) from British International School in Ho Chi Minh City onto their ship.

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Patrol vessel HMS Spey of the British Royal Navy arrived in Ho Chi Minh City on Tuesday, commencing a five-day friendship visit to the city on the occasion of the 50th anniversary of diplomatic relations between Vietnam and the UK.

Captained by Commander Michael Proudman, this is the fourth British Royal Navy ship sent to Vietnam in the past five years.

The visit is an opportunity for the Royal Navy to strengthen its cooperation with Vietnamese partners and underlines the UK’s unwavering commitment to promoting global stability and security in the Indo-Pacific region, Proudman stated.

UK Ambassador to Vietnam Iain Frew affirmed that defense and security cooperation between Hanoi and London is developing strongly, adding that the Southeast Asian country plays an important role in regional security.

The visit reaffirms the fact that the UK is one of Vietnam’s most reliable and long-term partners in maritime security.

UK Ambassador to Vietnam Iain Frew (L) on the HMS Spey in Ho Chi Minh City, February 7, 2023. Photo: Tran Phuong / Tuoi Tre

UK Ambassador to Vietnam Iain Frew (L) on the HMS Spey in Ho Chi Minh City, February 7, 2023. Photo: Tran Phuong / Tuoi Tre

It takes place on the occasion of the 50th anniversary of the two countries’ diplomatic relations, Frew continued, adding that the milestone marks half a century of good friendship and effective cooperation, including ties in defense and security.

The East Vietnam Sea is very important to global security as well as trade and supply chains, so the UK and other countries need to be concerned about what is happening here, the ambassador stressed.

During their stay, officers of the HMS Spey are expected to pay a courtesy visit to the leaders of the Ho Chi Minh City People’s Committee, the 7th Military Region Command, and the 2nd Naval Command.

They will also participate in many activities including professional exchanges, friendly football matches, and cultural exchanges.

The crew will welcome students in STEM subjects (science, technology, engineering, and math) from British International School in Ho Chi Minh City onto their ship.

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Source: https://tuoitrenews.vn/news/politics/20230208/uk-naval-vessel-begins-5day-visit-to-ho-chi-minh-city/71394.html

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Vietnamese PM to pay official visits to Singapore, Brunei

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Vietnamese Prime Minister Pham Minh Chinh, his spouse, and a high-ranking Vietnamese delegation will pay official visits to Singapore and Brunei Darussalam from February 8 to 11, the Ministry of Foreign Affairs announced on Sunday.

The visits will be made at the invitations of Singaporean Prime Minister Lee Hsien Loong and Brunei Darussalam Sultan Haji Hassanal Bolkiah, respectively.

This will be PM Chinh’s first visits to these two countries after assuming his prime minister position, and a visit by a Vietnamese prime minister to Singapore after five years and to Brunei Darussalam after 15 years.

The visit to Singapore will be paid on the occasion of the 50th anniversary of the diplomatic relations between the two countries and the 10th anniversary of their strategic partnership.

The two sides had many high-ranking delegation exchange activities last year, including Vietnamese State President Nguyen Xuan Phuc’s visit to Singapore in February and Singaporean President Halimah Yacob’s visit to Vietnam in October.

Singapore is currently an important economic partner of Vietnam.

The bilateral trade between the two countries reached some US$9 billion in 2022, up 10.1 percent over 2021.

Singapore is also Vietnam’s biggest investor in ASEAN and ranks second among the 141 countries and territories worldwide investing in Vietnam.

It has had more than 3,000 projects with total registered capital of nearly $70.4 billion in Vietnam.

Vietnam-Singapore Industrial Park (VSIP) is a symbol of the economic cooperation between the two countries. There have been 12 VSIPs in nine cities and provinces in Vietnam with an occupancy rate of over 83 percent.

These industrial parks have attracted investment totaling $17.6 billion and created nearly 300,000 jobs.

As for Brunei Darussalam, the visit by PM Chinh will be made after the two countries celebrated the 30th anniversary of their diplomatic ties in 2022.

The two countries met the target of reaching the two-way trade value of over $500 million before 2023.

As of October last year, their bilateral trade amounted to $638.5 million, surging 141.1 percent year on year.

Brunei Darussalam currently ranks 26th out of the 141 countries and territories investing in Vietnam with total registered capital of $971 million.

According to the Ministry of Foreign Affairs, in the framework of the visit to Singapore, PM Chinh will hold talks with his counterpart Lee Hsien Loong and witness the signing of some cooperation agreements.

He will also meet with Singaporean President Halimah Yacob, leaders of the Singaporean Parliament, Deputy Prime Minister and Minister of Finance Lawrence Wong, and some other leaders.

In Brunei Darussalam, the Vietnamese government leader will hold talks with Sultan Haji Hassanal Bolkiah, visit some enterprises, and attend a workshop between enterprises of the two countries.

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Vietnamese Prime Minister Pham Minh Chinh, his spouse, and a high-ranking Vietnamese delegation will pay official visits to Singapore and Brunei Darussalam from February 8 to 11, the Ministry of Foreign Affairs announced on Sunday.

The visits will be made at the invitations of Singaporean Prime Minister Lee Hsien Loong and Brunei Darussalam Sultan Haji Hassanal Bolkiah, respectively.

This will be PM Chinh’s first visits to these two countries after assuming his prime minister position, and a visit by a Vietnamese prime minister to Singapore after five years and to Brunei Darussalam after 15 years.

The visit to Singapore will be paid on the occasion of the 50th anniversary of the diplomatic relations between the two countries and the 10th anniversary of their strategic partnership.

The two sides had many high-ranking delegation exchange activities last year, including Vietnamese State President Nguyen Xuan Phuc’s visit to Singapore in February and Singaporean President Halimah Yacob’s visit to Vietnam in October.

Singapore is currently an important economic partner of Vietnam.

The bilateral trade between the two countries reached some US$9 billion in 2022, up 10.1 percent over 2021.

Singapore is also Vietnam’s biggest investor in ASEAN and ranks second among the 141 countries and territories worldwide investing in Vietnam.

It has had more than 3,000 projects with total registered capital of nearly $70.4 billion in Vietnam.

Vietnam-Singapore Industrial Park (VSIP) is a symbol of the economic cooperation between the two countries. There have been 12 VSIPs in nine cities and provinces in Vietnam with an occupancy rate of over 83 percent.

These industrial parks have attracted investment totaling $17.6 billion and created nearly 300,000 jobs.

As for Brunei Darussalam, the visit by PM Chinh will be made after the two countries celebrated the 30th anniversary of their diplomatic ties in 2022.

The two countries met the target of reaching the two-way trade value of over $500 million before 2023.

As of October last year, their bilateral trade amounted to $638.5 million, surging 141.1 percent year on year.

Brunei Darussalam currently ranks 26th out of the 141 countries and territories investing in Vietnam with total registered capital of $971 million.

According to the Ministry of Foreign Affairs, in the framework of the visit to Singapore, PM Chinh will hold talks with his counterpart Lee Hsien Loong and witness the signing of some cooperation agreements.

He will also meet with Singaporean President Halimah Yacob, leaders of the Singaporean Parliament, Deputy Prime Minister and Minister of Finance Lawrence Wong, and some other leaders.

In Brunei Darussalam, the Vietnamese government leader will hold talks with Sultan Haji Hassanal Bolkiah, visit some enterprises, and attend a workshop between enterprises of the two countries.

Like us on Facebook or  follow us on Twitter to get the latest news about Vietnam!

Source: https://tuoitrenews.vn/news/politics/20230206/vietnamese-pm-to-pay-official-visits-to-singapore-brunei/71346.html

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