New trade exchange platform for Vietnamese and Italian businesses

The platform jointly launched by the Italian Trade Agency, the Italian Ministry of Foreign Affairs and International Cooperation and the General Confederation of Italian Industry (CONFINDUSTRIA) was unveiled in Hanoi on May 26.

VELP 2023 has been designed on SMART 365 cloud to help Vietnamese businesses looking for partners or suppliers in Italy easily connect their partners directly and officially. Through the program, the business communities of the two countries can update information about businesses, especially small and medium-sized enterprises in a variety of fields, including agricultural machinery and equipment, environment, mechanical engineering, and renewable energy.

Currently, many Italian investors in the manufacturing industry are operating successfully in Vietnam, including Bonfiglioli, Piaggio, Danieli, Datalogic, Ariston, ENI, and ENEL Green Power.

VELP 2023 is expected to shorten the time and cost of finding cooperation opportunities for Vietnamese and Italian businesses in the new era of Industry 4.0, as well as the period of deep international integration.

Vietnam and Italy have become each other’s leading and important partners in many fields 50 years after the establishment of diplomatic relations and 10 years of their strategic partnership. Currently, Vietnam is Italy’s largest trading partner in ASEAN, while Italy is Vietnam’s fourth largest trading partner in the EU.