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Deputy PM meets with Switzerland VP

Update: September, 18/2015 - 08:46
Deputy Prime Minister Vu Van Ninh meets with Swiss Vice President Johann Niklaus Schneider-Ammann on Wednesday. — VNA/VNS Photo To Uyen

GENEVA (VNS) — Deputy Prime Minister Vu Van Ninh on Wednesday held talks with Swiss Vice President Johann Niklaus Schneider-Ammann who affirmed that Switzerland considers Viet Nam an important partner in the region.

The Vice President stated that his country always pays great attention to strengthening collaboration with Viet Nam in various fields, especially when the two sides are celebrating the 45th anniversary of their diplomatic ties.

Expressing delight at the growing friendship and bilateral cooperation in all fields, Deputy PM Ninh said he hopes Switzerland will continue increasing trade links and partnership in implementing ODA and FDI projects in Viet Nam.

Schneider-Ammann held that the deal will help accelerate economic ties between the two sides, creating favourable conditions for Swiss enterprises to invest in Viet Nam. The agreement is also within his country's strategy to strengthen affiliation with the Asia-Pacific region. Host and guest agreed to increase exchanges of delegations, encourage and back enterprises and investors of both sides to foster connections and partnership, especially in finance-banking, insurance, high technology, processing technology, pharmaceuticals, agriculture and tourism.

VN-EU trade discussed

Yesterday Ninh attended a meeting in Brussels with EU Trade Commissioner Cecilia Malstrom to discuss issues pertaining to trade, investment collaboration and bilateral relations between Viet Nam and the EU.

The Deputy PM said negotiations and the implementation of free trade agreements are among significant steps to support the country's economic integration.

He thanked Malstrom for directing the EU negotiation team to work diligently on a Viet Nam-EU free trade agreement (EVFTA), which was finalised on August 4.

He said the EU's approval of the Viet Nam-EU Partnership and Cooperation Agreement (PCA) and signing of the EVFTA will promote bilateral ties and benefit both sides' business communities.

The Vietnamese Government hopes that the EU and member countries will address remaining issues with the EVFTA negotiation, while taking into consideration Viet Nam's legitimate interest, as well as the development gaps between the two sides, he said.

The EVFTA will help Viet Nam's economy to develop as a market-oriented one, while boosting the Viet Nam-EU partnership as well, the Deputy PM said.

He also proposed that the two sides speed up the process of addressing technical items and the legal review for the early signing and realisation of the deal.

Malstrom said Viet Nam is a role model of integration for development in ASEAN and expressed her hopes that both sides will continue their sound cooperation in trade, labour and human rights.

She said both sides will conclude negotiations on technical issues soon, including those on investment, which could allow the deal to be signed by the end of the year. The EU will also consider the recognition of Viet Nam's market economy.

During the meeting, the Deputy PM also lauded the EU's positive voice on regional security issues, including the maintenance of peace, stability and maritime and aviation security in the East Sea.

Malstrom said that the EU supports the compliance of international law on East Sea issues and encourages talks to seek solutions for the sake of peace and development.

Currently, the EU is Viet Nam's second largest trade partner (behind China) and export market (behind the US), with two-way trade reaching about $US 19 billion in the first half of this year, which marks a rise of 11 percent year on year.

The union is Viet Nam's leading investment partner with over 1,600 projects worth over $19 billion. — VNS

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