The deal was inked by ASSOEVI Chairman Pham Van Hong and CCIV representative Fulvio Albano, under which both sides will serve as a bridge for Vietnamese and Italian firms via information update, legal assistance and market survey.
At the signing ceremony, member of the European Parliament (EP) and head of the delegation of the Italian Democratic Party’s parliamentarians at the EP Patrizia Toia said Vietnam is a potential market and an increase in the visits by high-ranking Italian leaders recently reflects the country’s interest in Vietnam.
She also pledged to push joint work with ASEAN in general and Vietnam in particular.
Vietnamese Ambassador to Italy Cao Chinh Thien said Vietnamese and Italian governments identified economic cooperation as a pillar in bilateral ties, and hoped that Italy will offer practical assistance to the two countries’ businesses in the foreseeable future.
Last year, two-way trade between Vietnam and Italy hit US$4.3 billion. Vietnam is currently Italy’s largest trade partner in ASEAN.