Swiss President Guy Parmelin has described the newly signed free trade agreement (FTA) between Viet Nam and the European Free Trade Association (EFTA) as a strategic commitment to closer economic cooperation, expected to strengthen legal certainty, improve market access and create fresh opportunities for businesses from both sides.

Viet Nam's Minister of Industry and Trade Le Manh Hung and representatives of the member states of the European Free Trade Association (EFTA) officially signed the Viet Nam-EFTA Free Trade Agreement (VEFTA) in Ha Noi on October 18.