At the event (Source: VNA) Rome (VNA) – Italianenterprises in the province of Pisa in general and in Tuscany region in generalwere updated on Vietnam’s investment attraction and incentive policies at anevent held by the Chamber of Commerce of Pisa andthe Italian Chamber of Commerce inVietnam (ICHAM) in Pisa city on October 25.
The event offered a good chance forItalian firms to understand more about the Vietnamese market and informationrelated to prioritised cooperation fields, as well as policies for attracting investmentand promoting trade links with foreign businesses.
Vietnamese Ambassador to Italy Nguyen Thi Bich Hue briefed on Vietnam’ssocio-economic development and international integration efforts, saying thatthe country boasts great potential to push its economic growth.
Vietnam is considered one of the most dynamic economies with the highest growthin the world, and also an open economy, connected to major markets through 16 bilateraland multilateral free trade agreements that Vietnam has joined, Hue stressed.
According to the diplomat, Vietnamese people’s demand for high qualityproducts, including those from Italy, is increasing.
The Government of Vietnam has also issued many policies to improve the businessand investment environment for domestic and foreign enterprises, thus attractingconfidence of many foreign investors, she noted.
With the total amount of foreign direct investment (FDI) reaching 350 billionUSD, Vietnam is seen as an attractive market for foreign investors, Hue said.
With the prospect of being approved by the European Parliament in the comingtime, the EU-Vietnam Free Trade Agreement (EVFTA) and the Investment ProtectionAgreement (IPA) will create unprecedented favorable conditions for Italianbusinesses, she added.
The Vietnamese Embassy and the Trade Office in Italy are readyto support Italian firms in deploying investment and trade cooperationactivities with Vietnam, the ambassador affirmed.
In his speech, President of the Chamber of Commerce of Pisa Valter Tamburini saidItalian companies in Pisa are interested in the Vietnamese market, adding thatmany of those have successfully invested in the Southeast Asian country.
Thetwo countries’ firms should establish cooperative ties in the fields of fashion,agriculture, automobiles and tourism, which are strengths of Italy, he said.
According to statistics released by the Chamber of Commerce of Pisa, in2018, Pisa businesses exported 60 million USD worth of products to Vietnam andimported goods worth 80 million USD from the nation.
Previously, Hue had a meeting with Vice Mayor of Pisa city RaffaelaBonsangue, during which the Vietnamese diplomat urged the Pisa authorities tocreate favourable conditions for Italian enterprises to expand economic and tradecooperation with Vietnam./.
VNA
