Swiss State Secretary welcomed in HCMC

Vice Chairman of the HCMC People’s Committee Bui Xuan Cuong hosted a reception on October 23 for visiting State Secretary of the Swiss Federal Department of Economic Affairs, Education and Research Dominique Paravicini.
Vice Chairman of the Ho Chi Minh City People’s Committee Bui Xuan Cuong (R) and State Secretary of the Swiss Federal Department of Economic Affairs, Education and Research Dominique Paravicini. (Photo: hcmcpv)

Vice Chairman of the Ho Chi Minh City People’s Committee Bui Xuan Cuong (R) and State Secretary of the Swiss Federal Department of Economic Affairs, Education and Research Dominique Paravicini. (Photo: hcmcpv)

Cuong said the city has actively pursued joint activities with Switzerland, particularly in economy, urban management, and development.

He added that two-way trade between HCMC and Switzerland neared US$190 million last year, with the European country investing in 122 projects worth over US$214 million in the city.

HCMC is ready to boost cooperation in areas of Switzerland’s strength, such as sustainable urban development, finance, banking, education, and health care, he said, adding that the city always welcomes and creates favorable conditions for Swiss firms to do long-term business here.

Paravicini, for his part, said his working trip aims to step up Switzerland's economic development program for Vietnam through activities that enhance financial transparency and accountability. It also focuses on improving the capacity and modernizing the financial sector and capital markets, the competitiveness and access to the global value chain, and urban development planning and climate resilience in urban areas.

He said he would hold a working session with Swiss enterprises operating in the city in order to promote investment and business activities.

The guest wished that the municipal authorities would continue providing all possible support for Swiss firms joining local projects in the fields of sustainable urban development, commerce, renewable energy, green transportation, finance, and banking.

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