Switzerland grants 5 million CHF for Vietnam’s trade promotion policy
The Vietnamese Ministry of Industry and Trade (MoIT) and the Swiss State Secretariat for Economic Affairs (SECO) signed an agreement in Hanoi on October 22 on the Swiss Government’s commitment of non-refundable aid worth 5 million CHF for a project on improving Vietnam’s trade and export promotion policy.
Hanoi (VNA) – The Vietn💛amese Ministry of Industry andTrade (MoIT) and the Swiss State 🐷Secretariat for Economic Affairs (SECO) signedan agreement in Hanoi on October 22 on the Swiss Government’scommitment of non-refundable aid worth 5 million CHF for a project on improving Vietnam’s trade andexport promotion policy.
The project, implemented from 2021-2024, aims to improve the efficiency of tradeactivities and global competitiveness of small and medium-sized enterprises (SMEs)via enhancing framework conditions for trade, improving public-private dialoguemechanism and building an ecological system for trade promotion. It has a budget of 5.672 million CHF, 5 million CFH of which will be provided by the Swiss Government and the remainder from the Vietnamese Government and policybeneficiaries. The project will provide technical assistance to the MoIT to help deal with challenges such as shaping Vietnam’s export-import developmentstrategy for the next decade and promoting digitalisation for SMEs. Vietnamese Deputy Minister of Industry and Trade Nguyen SinhNhat Tan said the project marks an important milestone in celebrating the 50th anniversary of Vietnam – Switzerland ties and 30 years of bilateral economicand technical cooperation, contributing to their commitments to Vietnam’ssustainable socio-economic development. Carried out by the MoIT with technical support of theInternational Trade Centre, it is one of the most important projects under the 2021-2024 cooperation programme conductedby the SECO./.
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At the signing ceremony. (Photo: VNA) 
