Vietnam and Liechtenstein sign tax pact during Haas visit
The two countries also agreed to speed up ratification of the Vietnam-EFTA trade agreement, signed in Hanoi on October 18.
Vietnam and Liechtenstein signed an agreement to avoid double taxation during Prime Minister Brigitte Haas’s October 17-19 visit, with both sides pledging closer financial and technological cooperation. Haas departed Hanoi on October 19, concluding the trip at Vietnamese Prime Minister Le Minh Hung’s invitation, Vietnam News Agency reported.
Hung and Haas witnessed the tax agreement’s signing after their talks. Vietnamese leaders described the visit as the first official high-level exchange between the countries since diplomatic ties began in 2008. Haas also met To Lam, Communist Party General Secretary and President, and National Assembly President Tran Thanh Man.
The visit coincided with the signing in Hanoi on October 18 of a free trade agreement between Vietnam and the European Free Trade Association (EFTA). The agreement followed 14 years of negotiations involving 21 formal rounds. Leaders welcomed both deals, saying they would improve conditions for businesses, lower trade barriers and support investment.
Both countries agreed to push forward ratification of the Vietnam-EFTA agreement and accelerate implementation after it takes effect. Their cooperation agenda includes digital transformation, high-tech manufacturing, research and technology transfer, alongside exchanges on asset and investment fund management, banking, securities and capital markets.
The leaders also agreed to deepen cooperation on renewable energy, the circular economy, emissions reduction and adaptation to climate change. Haas said she hoped the new agreements would help broaden bilateral relations.
