Vietnam and Switzerland Deepen Cooperation in Blockchain and High-Tech
During the official visit of Swiss President Guy Parmelin to Vietnam, Deputy Prime Minister Le Minh Hung met with the Swiss leader at the Government headquarters. Both sides reached several consensus points on deepening technology cooperation, with a key focus on cutting-edge fields including blockchain, artificial intelligence (AI), and quantum technology.
Connecting with “Crypto Valley”: Building an Innovation Ecosystem
During the meeting, President Guy Parmelin proposed strengthening connections between Switzerland’s “Crypto Valley” and Vietnam’s innovation ecosystem to promote collaboration in the research, development, and application of blockchain, AI, and quantum technologies.
Centered in the Zug region of Switzerland, Crypto Valley is one of the world’s leading hubs for blockchain and digital asset technology, gathering top tech enterprises, research institutions, and projects across cryptocurrency, digital finance, and blockchain infrastructure. Connecting this ecosystem with Vietnam will provide a platform for tech companies in both nations to exchange expertise and explore technological breakthroughs across digital economy, innovation, finance, and trade.
In addition, the Swiss President affirmed Switzerland’s readiness to share expertise in high-tech manufacturing, precision machinery, insurance, and reinsurance, with both sides agreeing to prioritize science, technology, and innovation in future cooperation.
Drawing on Swiss Expertise: Supporting International Financial Center Development
Deputy Prime Minister Le Minh Hung highlighted finance as one of Switzerland’s outstanding strengths and a strategic priority for Vietnam’s new phase of development. He requested Switzerland to share its experience and support Vietnam in building an international financial center while strengthening ties with major global financial hubs.
- Key areas of cooperation discussed include:
- Green finance and investment funds
- Asset management and crypto assets
- Carbon credits and international bonds
- Financial technology (FinTech)
Strengthening Digital Financial Infrastructure and Compliance
As a foundational technology for data management, transaction traceability, and digital asset development, blockchain plays a critical role in modern financial infrastructure. Both sides noted that while leveraging Switzerland’s advanced experience, Vietnam needs to refine its legal framework, enhance technical capabilities, and ensure robust system security and user protection to build a sustainable digital finance ecosystem.（Vietnam Crypto Exchange）