Vietnam, Italy look to optimise business opportunities
Nearly 100 delegates representing Vietnamese and Italian organisations and businesses attended the Vietnam-Italy trade promotion forum in Rome on September 19.
Vietnamese firms introduce their products on the sidelines of the forum. (Photo: VNA)
Rome (VNA) – Nearly 100 delegates representingVietnamese and Italian organisations and businesses attended theVietnam-Italy trade promotion forum in Rome on September 19.
Vietnamese Ambassador to Italy Duong HaiHung highlighted the strong growth of the Vietnam-Italy strategic partnershipin all fields, especially economy.
He pointed to the four factors that ensure the futuredevelopment of the ties, namely the sound traditional friendship andpolitical determination of both sides, the stability and attractiveness of theVietnamese economy, the legal framework promoting import-export and investmentactivities, and Vietnam’s advantages from free trade agreements.
Vietnamese Ambassador to Italy Duong Hai Hung addresses the forum. (Photo: VNA)
The ambassador said he believes that the forum will helpbusinesses of both sides foster their connections to optimise the unexploited cooperationpotential for mutual benefits, and pledged to stay ready to support andaccompany with localities and enterprises of both sides to tap business andinvestment opportunities.
President of the Italian Trade Agency Carlo Ferro said thatVietnam and Italy can still do more to promote economic and trade relations,building on previous successes in enabling businesses to meet and increase theexchange of goods, not only agricultural products and fashion but also manyothers such as industrial machinery and 4.0 technology.
Vietnam is currently the largest trade partner of Italyamong the ASEAN countries, with two-way trade reaching 4.25 billion USD in thefirst eight months of 2022, up 13.9% year on year. About 6,000 Italian firms are investing in Vietnam.
Particularly, the EU-Vietnam Free Trade Agreement (EVFTA),which eliminates import taxes for 99% of tariff lines, has special meaning tobilateral ties when Italy and Vietnam have opened their economies and reliedheavily on exports.
Vietnam is still a gateway for Italy to enter the600-million-strong ASEAN market./.
Assistant Minister of Foreign Affairs Nguyen Minh Hang on July 15 received Giuseppe Cerasoli, Deputy General Director of the Italian Agency for Development Cooperation (AICS).
Secretary of the Ho Chi Minh City Party Committee Nguyen Van Nen received Indonesian Ambassador to Vietnam Denny Abdi and Italian Consul General in the city Enrico Padula on July 28.
Vietnamese Ambassador to Italy Duong Hai Hung has put forward solutions to promote trade between Vietnam and Italy in an interview with Vietnam News Agency on the eve of the Italy-Vietnam Economic Forum which is scheduled to take place in Rome on September 19.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnamese firms introduce their products on the sidelines of the forum. (Photo: VNA) 
Vietnamese Ambassador to Italy Duong Hai Hung addresses the forum. (Photo: VNA) 
