Minister of Industry and Trade Tran Tuan Anh (left) and Italian Deputy Minister for Economic Development Andrea Cioffi sign the MoU. — VNA/VNS Photo Hai Linh

Viet Nam’s Ministry of Industry and Trade (MoIT) and Italy’s Ministry of Economic Development on Thursday signed a Memorandum of Understanding (MoU) on co-operation in the energy sector.

The MoU was signed during the MoIT’s business trip to Italy to promote bilateral and regional economic co-operation.

Outlining the structure of imports and exports between Viet Nam and the European Union, the EU-Viet Nam Free Trade Agreement (EVFTA) and EU-Viet Nam Investment Promotion Agreement (EVIPA) are expected to have positive effects on both sides.

During the visit, Italy and Viet Nam agreed to improve trade and economic co-operation in bilateral, regional and multilateral frameworks, especially the signing and approval of the EVFTA and EVIPA.

The two sides also agreed to immediately implement the MoU as well as study co-operation in other fields, deploying the results agreed by leaders of the two countries when the Prime Minister of Italy visited Viet Nam. — VNS