Viet Nam, Italy boost economic co-operation

tohang

A forum to promote economic co-operation between Viet Nam and Italy was held in Milan early this week.

Speaking at the event, Industry and Trade Deputy Minister Ho Thi Kim Thoa said a number of Italian giants, such as the Italian national oil and gas group (ENI), Piaggio, Ariston, Bonfiglioli and Perfetti, consider Viet Nam as a key destination for their plans for expanding market in the Asia-Pacific region.— Photo tinhte

Rome (Biz Hub)— A forum to promote economic co-operation between Viet Nam and Italy was held in Milan early this week.

Participants reviewed the development of bilateral co-operation in recent years, especially after the two countries established their strategic partnership.

They discussed the acceleration of setting up a joint commission on economic co-operation coordinated by Viet Nam's MoIT and Italy's Ministry of Economic Development.

Speaking at the event, Industry and Trade Deputy Minister Ho Thi Kim Thoa said a number of Italian giants, such as the Italian national oil and gas group (ENI), Piaggio, Ariston, Bonfiglioli and Perfetti, consider Viet Nam as a key destination for their plans for expanding market in the Asia-Pacific region.

She expressed her belief that the joint commission will create favourable conditions for the two sides to consult, exchange and complete the legal framework and investment and co-operation incentives.

During the forum, Italian businesses were provided with updated information on the investment environment in Viet Nam, and prospects for long-term economic co-operation between the two countries' enterprises.

After the forum, the participants had a round-table discussion on topics related to the co-operation potential in the fields of energy and retail, distribution, development and investment promotion plans in the industrial sector and experience of Italian investors operating in Viet Nam.

The forum, organised by the Ministry of Industry and Trade (MoIT) and the Vietnamese Embassy to Italy in conjunction with the Italian Institute of Foreign Trade, the association of industrial employers in Lombardy region (Assolombarda), and the Milan Investment and Trade Promotion Organisation, is an activity to launch "Viet Nam Days in Milan."

It takes place in October in order to celebrate the 40th anniversary of Viet Nam-Italy bilateral relations. — VNS


  • Share:

see also

Cashew industry has high exports but still lacks raw materials

Cashew industry has high exports but still lacks raw materials

The cashew industry had to spend more than $3 billion to import raw cashew nuts for processing export products in the first 11 months, in order to gain an export revenue of $3.98 billion.
Việt Nam urged to balance trade relations with the US

Việt Nam urged to balance trade relations with the US

Việt Nam now ranks third among countries, with the largest trade surplus with the US, after only China and Mexico. Strong export growth to the US is recorded through items such as wooden furniture, machinery, optical equipment, medical measurement, office machines, printers, hand tools and hydraulic...
Vietnamese tourists prefer domestic travel

Vietnamese tourists prefer domestic travel

Domestic travel remains a key driver of tourism recovery in Việt Nam. A significant 49 per cent of travellers prefer exploring domestic destinations, while 31 per cent prefer to travel abroad.
Fostering collaboration, building strong partnerships to drive UK - Việt Nam economic growth

Fostering collaboration, building strong partnerships to drive UK - Việt Nam economic growth

As the UK officially becomes the first non-founding economy to join the CPTPP, Việt Nam News reporter Thu Ngân spoke with British Consul General in HCM City Alexandra Smith about the UK''s inclusion in the CPTPP and how this milestone will benefit the UK - Việt Nam bilateral trade...
Many imported food product lines exempted from state inspection before clearance

Many imported food product lines exempted from state inspection before clearance

Over 50 per cent of imported food product lines formerly subject to State inspections on food safety will no longer require inspections before clearance, facilitating business operations and fostering an improved investment environment in Việt Nam.