Italian firms seek investment opportunities in Vietnam
Vietnam is emerging as a promising trade and investment destination for the business community in Italy’s Sicily region, as heard at a forum aimed at connecting Vietnam and Sicily held on July 14-16.
Rome (VNA) – Vietnam is emerging as a promising tradeand investment destination for the business community in Italy’s Sicily region, asheard at a forum aimed at connecting Vietnam and Sicily held on July 14-16.
Speaking at the event, Alessandro Albanese, head of theGeneral Confederation of Italian Industry (Confindustria), said in the comingtime, the Confindustria in Sicily will promote its role in linking firms in theregion with the Vietnamese market via creating the foundation for specifictrade agreements.
Vietnamese Ambassador to Italy Nguyen Thi Bich Hue highlighteddiverse cooperation fields and a myriad of trade and investment opportunities forthe two sides, particularly after tariffs will be gradually eliminated followingthe ratification of the EU-Vietnam Free Trade Agreement (EVFTA).
Vietnam is also a gateway to the ASEAN market, she added.
Participating enterprises paid attention to Vietnam’sdevelopment and investment priorities, farm produce trade prospects, smartcity, environment, new energies, and links between local businesses and Vietnamese studentsstudying in Italy, among other matters.
President of Sicily Nello Musumeci said he supports the EU-VietnamInvestment Protection Agreement (EVIPA) as it is a drive to boostinvestment between Vietnam and Italy.
He pledged to call for accelerating the ratification of thepact.
Vietnam – Italy trade in the first five months of 2021reached 2.29 billion USD, up 29.3 percent year-on-year./.
Italian enterprises in the province of Pisa in general and in Tuscany region in general were updated on Vietnam’s investment attraction and incentive policies at an event held by the Chamber of Commerce of Pisa and the Italian Chamber of Commerce in Vietnam (ICHAM) in Pisa city on October 25.
The Ministry of Industry and Trade (MoIT) and the Italian Ministry of Foreign Affairs and International Cooperation have signed an agreement to establish a new Joint Commission on Economic Cooperation.
More and more Italian textile firms are investing in Vietnam to take advantage of the EU-Vietnam Free Trade Agreement (EVFTA) and export to the European market, experts said.
Vietnam, in its capacity as a non-permanent member of the United Nations Security Council, and Italy – in its role as Chair of the G20 and Co-Chair of the 26th Conference of the Parties (COP) to the United Nations Framework Convention on Climate Change, could strive and work together on fields of shared interest such as trade liberalisation, climate change combat and respect of international law, said Undersecretary of State for Foreign Affairs and International Cooperation of Italy Manlio Di Stefano.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Illustrative photo (Source: VNA) 
