Swiss investors interested in Vietnam
Geneva (VNA) – Vietnam is now the destination of many leading Swiss companies, including food and beverage company Nestle, vegetation pharmaceutical producer Novatis, IT services company Elca.
Credit Suisse, one of the leading banks in Switzerland, has considered Vietnam an attractive market. It is inquiring into the building of a strategy for operation in Vietnam in the fields of banking services and insurance.
Meanwhile, SwissRe, one of the world’s biggest reinsurance companies, has bought 25 percent of the Vietnam National Reinsurance Company (VinaRe)’s shares.
Two-way trade between Switzerland and Vietnam reached 498 million CHF (closely to 500 million USD) in 2007, more 133 million CHF than 2006, according to the Swiss customs’ statistics.
By 2007, Switzerland has invested over 744 million USD in 42 valid projects in Vietnam . The country now ranks 17 th among countries and territories in terms of foreign direct investment in Vietnam, reported Vietnam’s Commerce Bureau in Bern.
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