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vna

SWITZERLAND VOWS TO BOLSTER INVESTMENT IN VIET NAM

   Geneva, Apr. 6 (VNA) -- Switzerland has pledged to increase investment in and promote cooperation with Viet Nam in manufacturing, processing, and tourism.
   The commitment was made at a meeting that took place during a two-day visit to Switzerland from Apr.4-5 by Viet Nam's Deputy Prime Minister Nguyen Manh Cam and his host, the State Secretary in charge of economy.
   Earlier, Cam had met with senior officials of the WTO, the UN agencies in Europe and the UN Conference on Trade and Development (UNCTAD) in Geneva to discuss Viet Nam's accession to the WTO.
   Sweitzerland is interested in the production of chemicals, pharmaceuticals, mechanical engineering (especially precise engineering), electronic and high-tech development, farm produce, aquatic products, and food processing in Viet Nam.
   Switzerland will also help Viet Nam, through the Swiss Import Promotion Organization (SIPPO), export farm products such as rice, tea, coffee, shrimp, and other aquatic products, especially to Switzerland and the European Union.
   The host also affirmed its full support for Viet Nam's entry into the WTO.
   Switzerland now has 28 investment projects in Viet Nam with a total capital of more than USD 600 million, while the two-way trade value stood at USD 420 million last year.--VNA