Hanoi, May 29 — In a powerful reaffirmation of its long-standing support for Vietnam, Switzerland has pledged $50 million in development funding for the 2025–2028 period, with a strong focus on innovation, green growth, and sustainable development.
This announcement was made during the conference “Vietnam – Switzerland Development Cooperation: 35 Years and Beyond,” hosted by the Swiss Embassy in Hanoi. The event marked an important milestone in bilateral relations, celebrating 35 years of cooperation while launching a new chapter of strategic partnership.
A Legacy of Support, A Future of Innovation
Speaking at the event, Swiss Ambassador to Vietnam, Thomas Gass, highlighted Switzerland’s enduring commitment to Vietnam’s development. Over the past three decades, Switzerland has provided more than 650 million CHF (approx. USD 800 million) in Official Development Assistance (ODA), contributing significantly to Vietnam’s socio-economic progress.
The most recent cooperation program (2021–2024) has already delivered tangible results—strengthening public governance, improving the investment climate, advancing renewable energy and sustainable agriculture, and supporting environmental protection across key economic zones.
In early 2025, during the World Economic Forum in Davos, Vietnam and Switzerland elevated their relationship to a “Comprehensive Partnership”—a historic move signaling deeper collaboration across strategic sectors as Vietnam enters a new phase of development.
A $50 Million Commitment for 2025–2028
Building on this foundation, the Swiss government will allocate $50 million through the Swiss State Secretariat for Economic Affairs (SECO) to fund its 2025–2028 development cooperation program in Vietnam. The program is strategically aligned with Vietnam’s ambition to become a high-income country by 2045 and achieve net-zero emissions by 2050.
According to Ambassador Gass, “This new program builds on Swiss expertise and demonstrates our strong commitment to standing alongside Vietnam on its journey to sustainable prosperity.”
Focus Areas of Swiss Support
Under the 2025–2028 program, Switzerland will prioritize three key areas:
- Promoting Sustainable Trade and Innovation
Enhancing the competitiveness of Vietnamese enterprises by fostering clean technology, environmentally responsible production, and innovation-driven growth. - Strengthening Public Finance and Mobilizing Green Capital
Improving public financial management and expanding green finance instruments, while encouraging private sector involvement in sustainable development. - Developing Smart Industrial and Urban Models
Supporting the creation of climate-resilient, smart cities and industrial zones that improve quality of life and drive sustainable economic expansion.
A Joint Vision for the Future
Deputy Minister of Finance Cao Anh Tuan praised the deep and effective cooperation between the Vietnamese Ministry of Finance and SECO, emphasizing a shared commitment to ensuring that the 2025–2028 program is implemented transparently, efficiently, and in alignment with international standards.
He also called for continued integration of global best practices in financial governance and sustainability, while expanding collaboration into emerging areas such as green finance, digital transformation, and fiscal resilience.
As Vietnam accelerates its sustainable development journey, Switzerland’s renewed commitment stands as a powerful example of international solidarity—and a blueprint for future-forward partnerships.
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Source: Vietnam Insider