Swiss broadcaster SRF has highlighted Vietnam's remarkable economic achievements, saying the country is emerging as one of the world’s fastest-growing economies.
Textile and garment production for export (Photo: VNA)
Geneva (VNA) – Swiss broadcaster SRF has highlighted Vietnam's remarkable economic achievements, saying th🤡e country is emerging as one of the world’s fastest-growing economies.
In its recent report on Vietnam, SRF said the country's GDP grew impressively by 7.2% in 2024, sparking heightened interest from the Swiss government in strengthening its cooperation with the Southeast Asian nation. The Vietnamese market is becoming increasingly significant for Swiss businesses, it added.
Anja Fiedler, a representative of Switzerland Global Enterprise, mentioned Vietnam as a manufacturing hub for electric cars and smartphones, and noted that its economy is now growing faster than most Western countries. While its GDP growth slowed during the COVID-19 pandemic, it has since rebounded, most recently surpassing 7%.
Fiedler attributed Vietnam's growth to several factors, including its young and highly educated population. She emphasised that the country’s political stability provides an attractive environment for investors, offering a secure framework that reduces risks.
Vietnam’s commitments to comprehensive free trade agreements, many of them global, also play a pivotal role in driving its economic growth, she added.
The growing appeal of the Vietnamese market is evident, with companies like Zurich-based Angst+Pfister making significant investments. Specialising in industrial equipment for various sectors, the company established a factory in Vietnam last year to leverage the country’s strategic advantages.
Christof Domeisen, the owner of Angst+Pfister, highlighted Vietnam’s strategic location as an ideal production base, enabling the company to efficiently serve its international clientele./.
Vietnam’s economy, buoyed by optimistic growth forecasts and a proactive government, is on a path to surpassing expectations, according to France’s reportlinker.com on January 9.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
