Former Italian Prime Minister Enrico Letta noted that Italy would benefit most from the EVFTA, while speaking on Thursday in Milan. — Photo VNA

MILAN (Biz Hub) — The Association of Vietnamese Entrepreneurs in Italy (ASSOEVI) and the Italy-Viet Nam Chamber of Commerce (CCIV) will work together to expand bilateral co-operation between Vietnamese and Italian businesses.

This consensus followed a co-operation agreement inked by the two sides in the northern Italian city of Milan on Friday. Under the agreement, ASSOEVI and CCIV would provide businesses in both countries with updated information, legal assistance and market surveys, in a move to help the firms effectively tap into trade and investment opportunities in both countries.

During his speech, Vietnamese Ambassador to Italy Cao Chinh Thien said he hoped Italy would offer practical assistance to the two countries' businesses in the future.

Further, ASSOEVI chairman Pham Van Hong said the co-operation agreement would create the right conditions for Vietnamese companies operating in Italy, and Italian businesses operating in Viet Nam, especially when the EU-Viet Nam Free Trade Agreement (EVFTA) takes effect.

Additionally, former Italian Prime Minister Enrico Letta noted that Italy would benefit most from the EVFTA, while speaking on Thursday in Milan.

He further suggested that Italian firms change their business approach by not only focusing on manufacturing products in Viet Nam for export to Europe, but also manufacturing products to sell to consumers in the country.

Gianfelice Rocca, chairman of Assolombarda – the largest territorial association of the entire entrepreneurial system in Italy - agreed that the FTA would bring many benefits to Italian businesses in both Vietnamese and ASEAN markets. — VNS