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 the 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.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
