The Swiss State Secretariat for Economic Affairs (SECO) will allocate $50 million to support Vietnam in the 2025-2028 period, according to Swiss Ambassador to Vietnam, H.E. Thomas Gass.

Addressing an event held in Hanoi on May 29 to celebrate 35 years of impactful development cooperation between Vietnam and Switzerland, and present the Cooperation Program for 2025-2028, the ambassador said the four-year program will prioritize three key areas of cooperation, including promoting sustainable trade and innovation, fostering sustainable public and private finance, and advancing climate-smart industrial and urban development.

Over the last 35 years, Switzerland committed CHF650 million ($800 million) to support Vietnam.

The cooperation program in the 2021-2024 period generated positive results, including enhancements to the legal and regulatory framework to help improve financial service safety, increase of sustainable exports, improved urban planning, and better business and investment climate.