Swiss daily: Vietnam Becomes New Favorite Destination for Foreign Investors
Telstar Vietnam, a UK-invested company in Bac Giang province. Photo: VNA Swiss daily Tribune de Gèneve has recently published an article hailing Vietnam as a new destination for foreign companies, according to VNA. The article said Vietnam recorded the strongest economic growth in Asia in 2022 following a period of closure due to the Covid-19 pandemic. Switzerland is well-positioned to leverage advantages brought about by the Vietnamese economy. Two-way trade between Switzerland and Vietnam hit about USD 3.2 billion in 2020. Hundreds of Swiss companies have been among the most important European investors present in Vietnam. In particular, the Swiss industrial equipment sector should fully tap the growing trend of “Made in Vietnam” products. According to the article, the industrial boom in Vietnam could be clearly felt when entering the Van Trung Industrial Park, which is an hour’s drive to the north of Hanoi. Early in the morning, many people were lining up in front of...