Two-way trade between Vietnam and Switzerland rose 11 percent year
on year, reaching 167 million USD during the first two months of this
year, said Luong Manh Hung, Trade Counsellor at the Vietnamese Embassy
in Switzerland.
During the period, Vietnam exported
122 million USD worth of goods to Switzerland, 14 percent more than
last year, while its imports hit 45 million USD, an increase of 45
percent.
Export turnover for machines and electrical
equipment also boomed. This revealed a major structural shift in
Vietnam’s exports, Hung said, since the Asian country previously
exported mostly gold to Switzerland.
Vietnamese
enterprises needed to improve their understanding of Swiss quality
standards and sharpen their products’ competitiveness in order to boost
exports, he said, explaining that the European country with a small
population of eight million enforces strict quality requirements.
Organising trips for Swiss enterprises to come to Vietnam to seek
business opportunities is a major priority for the trade office,
according to Hung.
The office plans to join hands with the
Asian-Swiss Chamber of Commerce to bring 15-20 small and medium sized
Swiss enterprises to Vietnam to explore the market this year.-VNA