During a significant diplomatic visit marking the 55th anniversary of diplomatic relations, Vietnam and Switzerland have committed to enhancing their Comprehensive Partnership with a focus on trade, investment, and technology. Swiss President Guy Parmelin’s official visit to Vietnam underscored a mutual dedication to strengthening bilateral cooperation across various sectors.
A pivotal achievement of the visit was the signing of a Free Trade Agreement between Vietnam and the European Free Trade Association (EFTA), which includes Switzerland as a member. This agreement is anticipated to facilitate improved market access and expansion opportunities for businesses, thereby bolstering trade and investment between the two nations.
Vietnam and Switzerland are aiming to boost bilateral trade, which surpassed $1 billion in 2025, while encouraging increased Swiss investment in Vietnam. Key areas of focus for investment and cooperation include green finance, digital technology, infrastructure, sustainable tourism, and high-quality workforce development. Both nations are also exploring joint research opportunities and technology transfer in fields such as biomedicine, renewable energy, agriculture, and the digital economy.
The discussions during President Parmelin’s visit also highlighted the importance of strengthening political dialogue and economic ties through international institutions. Expanding exchanges between government agencies, businesses, universities, and research organizations was identified as a priority to support innovation and the commercial application of research.
Education partnerships are also set to deepen, with Vietnam planning to enhance exchanges involving experts, researchers, and students, leveraging Switzerland’s expertise in education and scientific research. Both countries reaffirmed their support for sustainable development, free trade, multilateral cooperation, and a rules-based international order, expressing confidence that closer collaboration would drive economic growth and contribute to regional and global stability.