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Business Update – September 11, 2023 

 Monday, September 11,2023

AsemconnectVietnam - Vietnam, Switzerland look to expand trade, investment cooperation. Laos-Vietnam relationship now at best time in history. Vietnam-UK relationship will get stronger. More unprecedented opportunities to boost Vietnam-US trade ties.

Vietnam, Switzerland look to expand trade, investment cooperation
As many as 150 economic experts, and representatives from ministries, sectors, and localities, financial investment funds and businesses of Switzerland and Vietnam gathered together at a seminar on Vietnam - Switzerland cooperation in trade, investment and technology in Zurich on September 8.
The event was jointly organised by the Embassy of Vietnam in Switzerland, the Vietnamese Ministry of Industry and Trade (MoIT), the Swiss-Asian Chamber of Commerce, Bellecapital financial investment fund, Keep It Beautiful Vietnam (KIBV) and the Association of Vietnamese Intellectuals and Experts in Switzerland (AVIES).
In his opening remarks, Vietnamese Ambassador to Switzerland Phung The Long emphasised that after more than 50 years of establishing diplomatic relations, in the context of rapid and profound changes in the international arena with intertwined challenges and opportunities, senior leaders of both nations share the wish to soon elevate the bilateral cooperative relationship to a new height basing on the mutual trust and sharing of common values of peace, cooperation and development.
Laos-Vietnam relationship now at best time in history
The Laos-Vietnam ties have been expanding across the board and are now at the best time in history, said Lao Minister of Planning and Investment Khamjane Vongphosy.
The minister, who is head of the Lao-Vietnam Cooperation Committee, made the assessment in an interview granted to the Vietnam News Agency on economic cooperation between the two countries in the recent past. According to him, the two countries have the time-honoured tradition of cooperation and mutual support throughout their respective revolutions to regain independence and national unification as well as the current causes of national defence, construction and development.
Vietnam-UK relationship will get stronger
The relationship between Vietnam and the UK has never been stronger and will even get stronger, according to the British Prime Minister’s Trade Envoy for Thailand, Myanmar, Brunei and Vietnam, Mark Garnier, saying he was optimistic for the future.
During a recent talk with Vietnam News Agency correspondents in the UK, the Trade Envoy said the two countries are celebrating the 50th anniversary of diplomatic relations and this is a really important point. This offers the two countries a chance to reflect on the extraordinary growth of their friendship, as well as to look ahead to the future and to the next 50 years.
Mr Garnier said the visit of Vietnamese President Vo Van Thuong to the UK in May to attend the Coronation of King Charles III, only his second overseas visit in the role, was a testament to the fact that the bilateral relationship is moving forward on so many fronts.
More unprecedented opportunities to boost Vietnam-US trade ties
The historic Vietnam visit by US President Joe Biden and the upgrade of bilateral relationship to a comprehensive strategic partnership will create unprecedented opportunities to promote new and breakthrough cooperation areas, and to build Vietnam’s capacity to truly join the global value chains, said Minister of Industry and Trade Nguyen Hong Dien.
In a recent interview, Dien said Biden's State-level visit to Vietnam from September 10-11 marks the first by a US President made at the invitation of the General Secretary of the Communist Party of Vietnam and the continuation of the nearly 30-year tradition of bilateral diplomatic ties characterised by significant developments of economic cooperation.
Over the past three decades, two-way trade has soared from 450 million USD to 124 billion USD last year. The US has been the partner of the top importance and the biggest importer of Vietnam for many years, accounting for around 30% of country's total export turnover.
T.Huong
Source: VNA

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