Vietnam, Italy Seek to Step up Economic Cooperation

At the meeting with credit and insurance group SACE. Photo: Vietnam's embassy in Italy
At the meeting with credit and insurance group SACE. Photo: Vietnam’s embassy in Italy

Vietnamese Ambassador to Italy Duong Hai Hung has held working sessions with leaders of credit group CDP, Simest credit institution of CDP, credit and insurance group SACE and the General Confederation of Italian Industry (Confindustria) of Italy as part of the embassy’s economic diplomacy activities of in 2023, VNA reported Sunday.

According to Pasquale Salzano – President of Simest, General Director in charge of European and international affairs of CDP Group, Vietnam is in the strategic priority list of Simest.

Simest has completed the building of a platform connecting Italian small-and medium-sized enterprises with Vietnam, which is expected to be launhed this year, he said.

Vietnamese Ambassador to Italy Duong Hai Hung holds a working session with Barbara Beltrame Giacomello. Photo: VNA
Vietnamese Ambassador to Italy Duong Hai Hung holds a working session with Barbara Beltrame Giacomello. Photo: VNA

Vietnam is currently the largest trade partner of Italy among the ASEAN countries, with two-way trade reaching USD 4.25 billion in the first eight months of 2022, up 13.9% year on year. About 6,000 Italian firms are investing in Vietnam.

Particularly, the EU-Vietnam Free Trade Agreement (EVFTA), which eliminates import taxes for 99% of tariff lines, has special meaning to bilateral ties when Italy and Vietnam have opened their economies and relied heavily on exports.

Vietnam is still a gateway for Italy to enter the 600-million-strong ASEAN market

Ale Alessandra Ricci – CEO of SACE also stressed that Vietnam is a target country in this group’s strategic list.

SACE will focus on implementing many activities in Vietnam in the near future, including establishing a temporary office, she said.

SACE has developed a promotion and guarantee strategy so that selected Vietnamese businesses can access preferential loans from banks with no strings attached, she added.

Vietnamese businesses guaranteed by SACE are operating in the fields of food and beverage, energy and mechanical engineering, with a total guaranteed capital of up to EUR 1.3 billion (over USD 1.39 billion).

Additionally, SACE has strengthened market connection activities for businesses, Ricci noted.

Meanwhile, Barbara Beltrame Giacomello, Vice President for International Affairs of Confindustria said that more and more Italian businesses are interested in the Vietnamese market, so Confindustria will consider the Vietnamese market as its focus in Asia.

At the meeting, Ambassador Hung expressed his delight at the priority of Italian firms and organisations for Vietnam in their operational plans in the world, especially in Asia.

The diplomat highlighted the friendship between the two countries, Vietnam’s strong economic growth and its and advantages in the region, as well as the mutual complementarity of the two economies, saying that the embassy supports plans and projects to promote cooperation between Italian businesses with Vietnam.

He took the occasion to share priority areas of economic cooperation that Vietnam want to strengthen with Italy.

The ambassador suggested Italian agencies and organisations further strengthen coordination with the embassy to expand connection between organisations, businesses and localities of Vietnam and Italy, thus contributing to further promoting the bilateral economic, trade and investment cooperation.

Hannah Nguyen

The post Vietnam, Italy Seek to Step up Economic Cooperation appeared first on Vietexplorer.com.

View more from VietExplorer:

Fight fans leave happy following MMA’s sanctioned debut
Vietnam football club’s Thai hero returns as coach
Vietnam cultural tourism targets US$32.5 billion annual revenue by 2030
Taylor Swift’s latest album “Evermore”: Release, Collabs, Reatcions on Social Media
The 12th Japanese Film Festival in Vietnam debuts
Ascott Vietnam launches promotion on Shopee
Legendary hotel in Hanoi launches activities for Christmas and New Year Eve
Facebook, Messenger, Instagram disrupted: Here’s what you need to know
Lai Chau culinary, agricultural specialties on display in Hanoi
Exhibition showcases photos and films of ASEAN Community
Lost in the Europe-like scene of Nam Dinh churches
A closer look at seven record-holding pagodas nationwide
Polish painter’s art works introduced in Vietnam
Ha Nhi ethnics in Dien Bien celebrate traditional new year
Hanoi in first bitter cold spell
PM sends message on OECD’s 60th anniversary
Special lessons in the sky
New pedestrian mall to become new hotspot in HCM City
Exhibition relives the past
Young Frenchwoman tries her best for Vietnamese patients

Nhận xét

Đăng nhận xét

Bài đăng phổ biến từ blog này

Elite Cyclists, Gearless in Thailand: Temporary Bikes to the Rescue!

Hình ảnh
On the morning of Thursday last week, a meeting was convened between tournament organizers and the Vietnamese cycling team to address the truck fire that caused extensive damage to their equipment. A mutual agreement was reached, wherein the Vietnamese team would borrow bikes from the host team and other participating teams for the duration of the competition. Additionally, the organizers took initiative by gathering information about the cyclists’ sizes, as well as their needs for helmets and shoes, to ensure they were provided with suitable gear. Thailand’s Vietnam Motorcycle and Bicycle Association has stepped up to the challenge, offering seven individual time trial bikes and helmets for the Vietnamese team’s use, along with ongoing efforts to procure shoes and pedals by Thursday. In parallel, the association is expediting the shipment of road bikes from Vietnam, expected to arrive in Thailand on February 10, ensuring a timely solution. A critical aspect of the meeting was the...
Đọc thêm

Springtime Splendor: Nguyen Hue Flower Street 2025 Blossoms in Ho Chi Minh City

Hình ảnh
The 22nd annual event kicked off with a breathtaking fireworks display that illuminated the night sky, captivating spectators and marking the start of a memorable celebration. The streets surrounding the venue, including Ngo Duc Ke, Pasteur, and Dong Khoi in District 1, were filled with families, young individuals, and international tourists, all eager to immerse themselves in the vibrant Tet festivities. The night sky lit up with a spectacular fireworks display at the entrance gate of Nguyen Hue Flower Street in District 1, Ho Chi Minh City, Vietnam, on January 27, 2025. The entrance gate of Nguyen Hue Flower Street presented a stunning spectacle named ‘The Dance of Unity,’ showcasing a harmonious blend of vibrant floral arrangements, artistic designs, and energetic snake mascots, symbolizing the unity and spirit of the occasion. Bui Thi Ngoan, a local resident of District 10, enthusiastically shared her excitement about the event, stating that she and her friends had bee...
Đọc thêm

V-League vs J-League: The Ultimate Free-to-View Football Face-Off in Vietnam

Hình ảnh
Huu Tin Company has secured the broadcast rights for the J1 League in Vietnam until 2027, bringing high-quality Japanese football action to Vietnamese audiences. Live matches will be aired on the HTV The Thao channel in the afternoon, providing a convenient and exciting viewing experience for football enthusiasts in Vietnam. With ideal broadcast timings and a promise of thrilling encounters, the J1 League is poised to become a favorite among Vietnamese fans. It also offers a window into Japanese culture, providing a unique perspective for those passionate about football and Asian culture alike. “Our goal in bringing the J1 League to Vietnam is twofold,” said Nguyen Hoang Duy, representative of Huu Tin Company. “Firstly, we want to offer a premier football tournament to our audiences, and secondly, we believe it will be a valuable learning opportunity for Vietnamese football to draw inspiration from the strengths of Japanese football.” Nguyen Dinh Khoi, head of HTV’s sports departme...
Đọc thêm