Foreign investors council

President Phuc said Vietnam always attaches importance to consolidating and enhancing the traditional friendship and cooperation with Switzerland, which has been nurtured by people of the two countries over the past 50 years. On behalf of the Vietnamese State and people, he thanked Switzerland for its official development assistance (ODA) and support to Vietnam in socio-economic development, helping the Southeast Asian country to achieve many millennium development goals (MDGs) ahead of schedule. President Phuc highlighted Switzerland’s donation of medial supplies to aid Vietnam in the COVID-19 combat in August. For his part, Aebi affirmed that Vietnam is an important partner of Switzerland in Southeast Asia and Asia-Pacific at large, expressing his hope that President Phuc’s visit will create momentum to boost the bilateral ties in all spheres in the time ahead. The two leaders noted with pleasure the positive development of the Vietnam - Switzerland relationship, both …

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Demand for industrial, logistics estates at core of enquiries next year: Savills Demand for industrial and logistics estates in addition to ready-built factories and warehouses will continue to be the core of enquiries next year, according to an expert from property consultancy Savills Vietnam. “However, in terms of new trends, data centres and cold storage facilities are in demand and have gained traction in 2020 and 2021,” John Campbell, manager of Industrial Services at Savills Vietnam told the Vietnam Investment Review. “Next year, we expect this to continue, as Vietnam is now on the radar for hyperscale facilities.” Low-value industries are beginning to set up elsewhere in Southeast Asia as Vietnam no longer offers the same incentives, he said, adding that these industries such as textiles and furniture struggle to source affordable labour and land in Vietnam. However, foreign and high value-added investors remain bullish on Vietnam’s long-term growth, …

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Vietnamese President Nguyen Xuan Phuc (standing) speaks at the forum. (Photo: VNA) Bern (VNA) - Vietnamese President Nguyen Xuan Phuc and his Swiss counterpart Guy Parmelin co-chaired a Vietnam - Switzerland Business Forum in Bern on November 26. Addressing the forum with the attendance of representatives from over 100 businesses of the two countries, the Vietnamese leader called on Swiss businesses to invest in Vietnam and partner with Vietnamese enterprises in areas where Swiss firms have strengths and Vietnam is giving priority to, especially in banking and finance, science and hi-technology, innovation and digital transformation. For his part, President Parmelin highlighted the huge potential for stronger cooperation between the two countries, and the necessity to have new cooperation framework s to encourage Swiss businesses to invest in Vietnam. The interest and commitment of businesses and representatives of the private sector of Switzerland at the forum …

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The Swiss-designed conference room reflects the city’s natural surroundings with the lake of Geneva and its mountain scenery. It carries special symbolism and offers a new and inspiring connection between Geneva and Hanoi. As European headquarters of the United Nations, Geneva is the operational heart of the multilateral system. The city earned itself the title of capital of peace, acting as place of dialogue, including for facilitating peace conferences and processes. Geneva’s open mind and spirit, allowing for inclusive and tolerant debates among people of different views and opinions, aims at nurturing constructive discussions. Speaking at the inaugural ceremony, Ambassador Sieber stated that the conference room’s inauguration is part of activities to mark the 50th anniversary of diplomatic ties between the two countries, thereby spotlighting the long-term friendship, mutual trust and solid foundation between the two countries. He said the recent visit to Vietnam by Swiss Vice …

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The latest draft of the eighth national power development plan in 2021-2030 shows considerable reductions in coal-fired power and increases in wind power, following Vietnam’s strong commitments at COP26. The eighth plan still has not been issued after many debates. The draft plan continues to be amended after Vietnam made strong commitments at COP26 on the goals and ambitions in obtaining Net Zero by 2050. Because of the commitments, the Ministry of Investment and Trade will have to reconsider the country’s electricity generation sources. In an operating scenario released by the Ministry of Industry and Trade (MOIT) in November, the total capacity of power sources to be installed by 2030 is 155,722 MW, lower by 24,305 MW than the 180,027 MW shown in March scenario. With the scenario, coal-fired electricity capacity would decrease by 6,694 MW, while LNG-fired electricity by 18,550 MW and Vietnam would increase electricity capacity from wind power. Onshore wind power …

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