Sweden and Switzerland has given Vietnam $3.2 million over three years to help the Vietnamese enterprises develop and expand new export markets.
Vietnam News reported that the state officials and representatives from Swedish and Swiss governments signed the agreement in Hanoi, where $2.5 million of the fund comes from the Swiss State Secretariat for Economic Affairs (SECO) and the remainder from the Swedish International Development Agency (SIDA).
Project advisor Alain Chevalier stated that Vietnamese enterprises must develop four key areas, which are diversifying products according to international demand, designing and implementing export plans specific to each enterprise, increasing competitiveness with advanced technologies and marketing, and establishing trade promotion agencies.
At present, SIDA has already helped develop small-sized enterprises and strengthen Vietnam’s bid for World Trade Organization (WTO), whereas the trade-promotion and export-development project will improve economic growth, the advancement of qualified personnel and commercial relations.
