Congratulations to new chief of Italian Communist Party
Vietnam and Italy set up diplomatic relations in 1973.
Italy is currently the fourth biggest trade partner of Vietnam in the European
Union while Vietnam is the biggest trade partner of Italy in the Association of
Southeast Asian Nations (ASEAN).
Over the past five years, two-way trade neared 5 billion USD
each year. Within 10 years, from the fourth place, Vietnam has
become the largest ASEAN trade partner of Italy.
Both sides are working to
lift two-way trade to 6 billion USD for 2017-2018. Vietnam mainly exports
footwear, aquatic products, coffee and apparel to Italy and imports mechanical
machinery, transportation vehicles and leather materials.
As of February 2018, Italy
ranked 31st out of the 128 countries and territories investing in Vietnam with
88 projects worth more than 388 million USD. The Italian government has added
Vietnam into its list of 10 emerging markets prioritised for trade and
investment ties.-VNA