Vietnam
Vietnam is a priority country for SECO's economic cooperation and development. The country aims to achieve high-income status by 2045, and net-zero emissions by 2050. Structural reforms are necessary to achieve these ambitious objectives. Vietnam’s economy also needs to strengthen its financial stability and enhance the resilience of its exports against external shocks. A resilient economy also needs to be inclusive and minimize the welfare losses of those most exposed to and affected by external shocks. To support this transformation, the cooperation programme 2025-2028 will focus on three key areas: promoting sustainable trade and innovation, fostering sustainable public and private finance, and strengthening climate-smart industrial and urban development.
Towards a resilient high-income economy
Vietnam is a key player in Southeast Asia and a promising market for Switzerland. Vietnam aims to accelerate its economic growth, targeting upper-middle-income status by 2030 and high-income status by 2045 while achieving net-zero emissions by 2050. To reach these goals, the country must transition to a sustainable, inclusive, and innovative growth model, strengthening its financial stability and resilience against external shocks, including climate change and global trade tensions.
In response to these priorities, the Cooperation Programme Vietnam 2025-2028 aims to support the nation’s journey towards a resilient high-income economy. Switzerland will concentrate its efforts on promoting sustainable trade and innovation, fostering sustainable public and private finance, and strengthening climate-smart industrial and urban development. By addressing these critical areas, Switzerland seeks to support Vietnam to build a robust economic framework that not only withstands external shocks, but also promotes long-term growth and environmental and social sustainability.
The Cooperation Programme 2025-2028 prioritizes three thematic areas:
Vietnam's expanding economy, increasingly skilled workforce, and rising purchasing power offer significant opportunities for Swiss businesses in key sectors such as finance, renewable energy, and pharmaceuticals. The cooperation program promotes sustainable practices and improves the investment environment, helping Swiss companies navigate Vietnam's evolving market. In addition, Switzerland's economic development cooperation with Vietnam, a key member of ASEAN, strengthens its role as a gateway to the ASEAN region. Where relevant, Switzerland will share it’s expertise also at the regional level of ASEAN to reduce economic inequality between and within the countries of South East Asia.