The latter’s Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan and director of the former’s State Secretariat for Economic Affairs Helene Budliger Artieda agreed that Vietnam and the EFTA will try to conclude talks by late June 2026 on the sidelines of the EFTA ministerial meeting in Iceland,.
Switzerland and Vietnam have agreed to accelerate negotiations on a free trade agreement between Vietnam and the European Free Trade Association (EFTA), aiming to conclude discussions during the 20th negotiation round in Hanoi.
Both sides are targeting finalisation by late June 2026 in Iceland, with the pact expected to drive investment, create jobs and facilitate technology transfer.
The proposed FTA will create new opportunities for Swiss enterprises to expand investment in Vietnam, helping generate jobs, foster technology transfer and support the country’s modernisation drive over the next five years, a domestic news agency reported.
The agreement is also expected to significantly strengthen trade and investment links between Vietnam and Switzerland, while enhancing regional supply chains and promoting sustainable growth.
Fibre2Fashion News Desk (DS)
