Italy hopes Vietnam to serve a bridge in ASEAN

Italy hopes Vietnam will continue to connect the European country with the Association of Southeast Asian Nations (ASEAN).

Italian Deputy Minister for Agricultural, Food and Forestry Policies Andrea Olivero
Italian Deputy Minister for Agricultural, Food and Forestry Policies Andrea Olivero expressed the wish at a workshop themed “Vietnam – gateway to Asia – opportunities for Italian small-and medium-sized enterprises” held in Rome on January 23.

According to Olivero, the Italian government is very satisfied with the current development momentum in the two countries’ relations thanks to high-level delegation exchanges and stronger cooperation.

Two-way trade has increased in recent years, especially after the two nations established a strategic partnership in 2013, he said.

Vietnam has proved a reliable partner of Italy in the region, he said, adding that Italy is willing to share experience with Vietnam in the research and application of new technology.

Vietnamese Ambassador to Italy Cao Chinh Thien described Vietnam as a promising market with a large population of more than 90 million.

Vietnam is an ideal destination to develop business in automation, footwear, garment-textile, services, fashion and agriculture.

The Southeast Asian country also serves as a gateway to access the ASEAN market, offering opportunities for Italian investors to bring technology and high-quality goods to Vietnam and other ASEAN member states, Thien added.

Both Vietnam and Italy have strengths in agriculture and their products are supplementary. Italy is famous for cheese, wine and fruit while Vietnam is strong at farm produce and aquatic products.

Vietnamese Trade Counsellor in Italy Nguyen Duc Thanh introduced cooperation opportunities in Vietnam with low production cost and numerous preferential policies.

Vietnam is an attractive destination for foreign investors, including those from Italy. Vietnam’s participation in multilateral economic cooperation agreements creates favourable conditions for Italian businesses to invest in the country.

Deputy Minister Olivero told Vietnam News Agency reporters in Italy on the sidelines of the workshop that Vietnam has a strategic position in ASEAN. The establishment of a strategic partnership between Vietnam and Italy has facilitated bilateral trade exchange, which is expected to hit US$5 billion in the near future.


The two countries have great potential in development cooperation, especially among small-and medium-sized enterprises, in food, machinery, equipment and agriculture.

Related

Vietnam, Italy forge economic cooperation
Vietnam, Italy forge economic cooperation

The fourth meeting of the Vietnam-Italy joint committee on economic cooperation between the Vietnamese Ministry of Industry and Trade (MoIT) and the Italian Ministry of Economic Development was held in Hanoi on November 28. 

Vietnam, Italy forge economic cooperation

Vietnam, Italy forge economic cooperation

The fourth meeting of the Vietnam-Italy joint committee on economic cooperation between the Vietnamese Ministry of Industry and Trade (MoIT) and the Italian Ministry of Economic Development was held in Hanoi on November 28. 

HCM City enhances investment cooperation with Italy
HCM City enhances investment cooperation with Italy

Chairman of the Ho Chi Minh City People’s Committee Nguyen Thanh Phong on November 29 held talks with Ivan Scalfarotto, Italian Deputy Minister of Economic Development who is leading a business delegation on a visit to the city.

HCM City enhances investment cooperation with Italy

HCM City enhances investment cooperation with Italy

Chairman of the Ho Chi Minh City People’s Committee Nguyen Thanh Phong on November 29 held talks with Ivan Scalfarotto, Italian Deputy Minister of Economic Development who is leading a business delegation on a visit to the city.

Vietnam, Italy agree to boost friendship, legislative ties
Vietnam, Italy agree to boost friendship, legislative ties

A Vietnamese delegation led by Phan Thanh Binh, Chairman of the National Assembly Committee for Culture, Education, Youth and Children paid a working visit to Italy from November 29-December 3, aiming to promote friendship, diplomatic and legislative ties between the two countries. 

Vietnam, Italy agree to boost friendship, legislative ties

Vietnam, Italy agree to boost friendship, legislative ties

A Vietnamese delegation led by Phan Thanh Binh, Chairman of the National Assembly Committee for Culture, Education, Youth and Children paid a working visit to Italy from November 29-December 3, aiming to promote friendship, diplomatic and legislative ties between the two countries.