Business

Vietnam, Italy beef up trade, investment cooperation

Vietnamese Minister of Industry and Trade Nguyen Hong Dien held a working session in Hanoi on March 28 with Marco Della Seta, Italian Ambassador to Vietnam and Regina Corradini D’Airenzo, CEO of SIMEST which is responsible for promoting Italian companies' outward investment and providing technical and financial support for investment projects.
Vietnam, Italy beef up trade, investment cooperation ảnh 1Vietnamese Minister of Industry and Trade Nguyen Hong Dien (middle) at the event. (Photo: VNA)

Hanoi (VNA) – Vietnamese Minister of Industry and Trade Nguyen Hong Dien held aworking session in Hanoi on March 28 with Marco Della Seta, Italian Ambassadorto Vietnam and Regina Corradini D’Airenzo, CEO of SIMEST which is responsiblefor promoting Italian companies' outward investment and providing technical and financialsupport for investment projects.

Dien commended the Italian Embassy's proactive rolein fostering economic, trade, industrial, and energy relations between Vietnamand Italy, including the successful implementation of the EU-Vietnam Free TradeAgreement (EVFTA) through specific action programmes, which have created a newmomentum for Vietnam-EU economic and trade ties, particularly with Italy.

Selta affirmed that Italy always values and wishesto further enhance cooperative ties between the two countries, especially inthe fields of economy, trade, industry and energy.

Italy considers Vietnam an important partner in the Association of Southeast Asian Nations (ASEAN) and highlyvalues the Ministry of Industry and Trade (MoIT)’s crucial role in the JointCommittee for Economic Cooperation, particularly as a bridge between businesses of both countries, he said.

D’Arienzo, for her part, presented the SIMEST’s tasks and goals of supporting Italiancompanies in accessing new foreign markets through purposeful loans andactivities. She also reported a plan to open a SIMEST Representative Office inVietnam.

On this occasion, Dien called on the Italian firms to investin Vietnam's apparel and leather footwear supporting industries in which Italyhas advantages in terms of technology and expertise to leverage the advantages brought about by theEVFTA.

He further introduced the upcoming Vietnam InternationalSourcing 2024 events organised by the MoIT in Ho Chi Minh City from June 6-8 andinvited Italian enterprises and business associations to join in these events.

The host also expressed the MoIT’s commitment to workingclosely with the embassy to foster the bilateral economic, trade, industrial andenergy ties.

Italy is now the third largest trading partner of Vietnam inthe EU while and Vietnam stands as Italy's largest trading partner in ASEAN./.

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