Vietnam, Italy promote economic cooperation

The event was organized by the Ministry of Industry and Trade (MoIT) and the Embassy of Vietnam in Italy in co-ordination with the Italian Trade Promotion Agency (ICE), Assolombarda - Lombardy Industrial Federation and Milan Investment and Trade Promotion Organization.   

At the forum, participants reviewed the development of cooperative relations between Vietnam and Italy in recent years, especially after the two countries established their strategic partnership and committed to establish a joint commission on economic cooperation between Vietnam’s MoIT and Italy’s Ministry of Economic Development.

Vietnamese Deputy Minister of Industry and Trade Ho Thi Kim Thoa expressed her belief that the joint commission on economic cooperation will create favourable conditions for the two sides to consult, exchange and complete the legal framework and plans for closer business cooperation and investment, particularly in the context of promising bilateral economic cooperaiton.

She noted that Italy’s big businesses such as Oil and Natural Gas Company ENI, Piaggio, Ariston, Bonfiglioli, Perfetti, Datalogics and Mapei consider Vietnam as a key destination for their market expansion in the Asia-Pacific region.

Thoa introduced Italian businesses to the current situation and investment environment in Vietnam, and the prospects for long-term economic cooperation between the two countries.

After the forum, the participants had a round-table discussion on topics related to the cooperation potential in the fields of energy and retail distribution, development and investment promotion plans in the industrial sector and first-hand experience of Italian investors in Vietnam.

During their meeting, Vietnamese and Italian representatives agreed to launch “Vietnam Days in Milan” in October in celebration of the 40^th anniversary of Vietnam-Italy bilateral relations.