Focusing on building key industrial products in Ha Noi with high added value, advanced technology and a friendly environment will help turn the city products into a prestigious brand.
Nguyen Manh Quyen, deputy chairman of the city, chaired a conference connecting local key industrial product manufacturers with Italian enterprises, chaired and coordinated by Ha Noi's Department of Industry and Trade, in cooperation with the Italian Chamber of Commerce in Vietnam (ICHAM) and the Hanoi Association of Key Industrial Products Manufacturers (HAMI) on Tuesday, saying: “It is a very practical activity, creating conditions for enterprises producing key industrial products in Ha Noi to connect and cooperate with their counterparts in Italian industry to promote trade, import-export activities and market development.”
Quyen said: "Through the conference, Ha Noi hopes HAMI and ICHAM to develop a relationship of a joint venture, association and cooperation more closely in 2022 and the following years, thereby contributing to promoting economic cooperation between Ha Noi and Italian regions.”
It would also help introduce and promote Ha Noi's image, culture and people in Italy," he said.
In the industrial sector, the city has issued and directed the effective implementation of programmes and projects for the development of key industrial products of the city by 2025 to ensure compliance with the law, in line with the National Industrial Development Strategy to 2030, with a vision to 2045.
"Today's conference is a very practical activity, creating conditions for enterprises to produce Ha Noi's key industrial products. Internal contact, exchange, cooperation, business connection with Italian businesses to promote trade activities, export-import and market development," Nguyen Manh Quyen shared.
At the conference, the two sides jointly introduced the potential, strengths and cooperation needs of HAMI and ICHAM, as well as meeting the needs for direct cooperation between businesses.
The chairman of both Son Ha International Joint Stock Company and HAMI Le Vinh Son said: “This event connecting key businesses with Italy will be an opportunity for firms producing key industrial products in Ha Noi to promote exports as well as access modern technology and equipment of Italian manufacturers, creating a bridge for cooperation.”
Two associations signed a Memorandum of Understanding, in which HAMI and ICHAM will cooperate in production and participate in production, supply and distribution chains with Italian enterprises and multinational corporations around the world.
With the cooperation, HAMI member businesses also have the opportunity to expand exports, join the distribution system in the Italian market, and the EU market, and take advantage of the Free Trade Agreement between Viet Nam and the European Union (EVFTA).
According to ICHAM Chairman Michele D'Ercole, the chamber supports not only the Italian enterprises to develop in Viet Nam but also the Vietnamese companies who are interested in exploring the Italian market to find partners, suppliers, and products.
He said ICHAM has a strong understanding and analysis of the Vietnamese market, forming strong connections with business communities and local institutions, and a particular predisposition to form direct relationships with companies, due to their nature as associations of entrepreneurs at the service of other entrepreneurs, a marked propensity to work according to parameters of effectiveness and efficiency typical of a company, a necessary requirement to offer competitive services on the market.
Currently, Ha Noi has 117 products from 81 enterprises with key industrial products, including high-tech industry enterprises like VNPT, FPT, Misa, electricity and electronics providers like Canon, Maiko, Cadisun, Xuan Loc Tho, Tran Phu, Rang Dong, ACID, textile firms such as May10, Phuc Son and enterprises in mechanical engineering and other industries like Son Ha, Sunhouse, Tan A Dai Thanh, Vicostone.
Revenue in 2021 from those enterprises reached nearly VND200 trillion (US$8.7 billion) and the export turnover of nearly $2 billion.
In Viet Nam, there are about 100 Italian enterprises including well-established names such as Piaggio, Ariston Thermo, Generali Insurance, Ferrari, ENI, Enel Green Power, Perfetti Van Melle, GHELLA, Boncafe, Intesa Sanpaolo, Danieli, GIVI, Pacorini Vietnam, Hung Yen Knitting & dyeing Co., Ltd (Carvico), Datalogic Scanning Vietnam, Bonfiglioli, Segis and many others. Most Italian companies in Viet Nam operate in various sectors and no single sector is preponderant.
The agreement between the two sides included investment in innovation of technology and equipment and application of scientific and technical advances, especially achievements of the Fourth Industrial Revolution.
According to ICHAM chairman, Italian companies can bring their know-how, technologies, design, quality, creativity, and long-term business relationship. Italy is very well known in the world in '4F' sectors: Food, Fashion, Furniture, and Ferrari. However, Italy also has strength in sectors such as circular economy, renewable energy, green products exporters, pharmaceuticals, aerospace, ICT, fintech, logistics and education. — VNS