The Vietnamese Embassy in Italy organised an online forum on Vietnam-Italy economic cooperation to beef up bilateral economic relations on November 26.
The online forum on Vietnam-Italy economic cooperation (Source: VNA)
Rome (VNA) – The Vietnamese Embassy in Italy organised an onlineforum on Vietnam-Italy economic cooperation to beef up bilateral economicrelations on November 26.
Attending the event were member of the Italian Chamber ofDeputies Tullio Patassini, who is also Vice President of the Italy-VietnamFriendship Parliamentarians’ Group, and representatives from the GeneralConfederation of Italian Industry (Confindustria), the Italy-Vietnam Chamber ofCommerce, the Vietnamese Ministry of Planning and Investment’s ForeignInvestment Agency (FIA), and around 70 enterprises of both countries.
In her opening remarks, Vietnamese Ambassador Nguyen ThiBich Hue said that the Vietnam-Italy strategic partnership has been nurtured innumerous fields, especially in economics, as Vietnam is Italy’s largest tradepartner in ASEAN and the latter is the former’s fourth biggest trader in theEU.
The economic cooperation can develop further in the time aheadthrough new legal frameworks such as the EU-Vietnam Free Trade Agreement(EVFTA) and the EU-Vietnam Investment Protection Agreement, she said, addingthat the two documents were ratified by the Vietnamese National Assembly andare waiting for the ratification of EU member parliaments.
Patassini spoke highly of the Vietnamese Government’sefforts to create an open cooperation environment for foreign enterprises,including those from Italy.
Italy holds great potential to intensify cooperation withVietnam in mechanics, electronics, food, shipbuilding and cultural exchange, hestated.
He affirmed that the EVFTA is an important foundation tofurther boost collaboration between European and Vietnamese enterprises as wellas Italian and Vietnamese ones.
Head of the FIA Do Nhat Hoang said that foreign investmentpoured into Vietnam has increased in recent years, with a total capital of382.9 billion USD from 139 nations and territories. With 115 projects, Italy iscurrently ranked 46th.
The figures are quite modest compared to cooperationpotential between the two countries, added Hoang./.
The European Parliament’s approval of the EU-Vietnam Free Trade Agreement (EVFTA) marks the start of a new era with significance meaning in the trade ties between Vietnam and EU members, according to an Italian expert on Vietnam.
Many organisations, businesses and individuals in Vietnam have donated medical supplies to help Italy in the fight against COVID-19, showing the Southeast Asian nation’s solidarity, sharing and responsible international cooperation, said Vietnamese Ambassador to Italy Nguyen Thi Bich Hue.
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.
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.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
The online forum on Vietnam-Italy economic cooperation (Source: VNA) 
