Bilateral Trade Among Switzerland, Vietnam, Norway, and Iceland Exceeds $1 Billion
1 report, 1 independent
Updated Oct 1
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What happened
Bilateral trade between Switzerland and Vietnam exceeded $1 billion in 2025. This occurred as the two countries implemented a Comprehensive Partnership framework established in January 2025. The planned signing of the Vietnam-European Free Trade Association Free Trade Agreement by the four EFTA member states is expected to be a significant milestone.
From news.tuoitre.vn
Why it matters
Switzerland is identified as an important trade and investment partner for Vietnam in Europe. The planned Vietnam-EFTA FTA is expected to usher in a new phase of collaboration and create a breakthrough in trade relations among the four EFTA member states.
From news.tuoitre.vn
Who's involved
- SwitzerlandTrade and investment partner of Vietnam in Europe
- VietnamCountry with which Switzerland's bilateral trade exceeded $1 billion
- NorwayOne of the four EFTA member states involved in the planned FTA signing
- European Free Trade AssociationInternational trade organization whose FTA is planned to be signed with Vietnam
Keep exploring
The entities involved
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Switzerland
country in Central Europe
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Vietnam
country in Southeast Asia
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Norway
country in Northern Europe
- Norway and EFTA are deepening bilateral ties and signing a Free Trade Agreement with EFTA member states, while also contributing to ASEAN relations.
- Norway supports Ukraine against Russian aggression, strengthens Allied security through participation, and provides expertise in the Arctic region ahead of the Ankara Summit.
Related events
- India seeks to enhance bilateral trade with Switzerland, involving discussions between EFTA states and Indian officials.
- EFTA signed a free trade agreement with Vietnam, with Guy Parmelin representing Switzerland in related discussions.
- Bilateral talks between Cambodia and Vietnam aim to raise trade to US$20 billion.