A delegation from the Ministry of Industry and Trade and 20 businesses participated in a series of events in Italy to cement partnerships and help Vietnamese goods enter the European nation’s market.
The workshop in Italy’s northern city of Bologna (Photo: VNA)
Rome (VNA)🎐 – A delegation from the Ministry of Industry and Trade (MoIT) and 20 businesses participated in a series of events in Italy to cement partnerships and help Vietnamese goods enter the European nation’s market.
At a recent workshop in Italy’s northern city of Bologna, MoIT Deputy Minister Ho Thi Kim Thoa highlighted Vietnam’s political, economic, trade and tourism relations with more than 200 countries and territories, which made the country a relatively good investment environment.
It has inked free trade agreements with 17 of the 20 economies in the G20 and all G7 members, while boasting intensive links with 55 economies with tariffs on more than 90 percent of imported goods from those economies cut to 0 percent.
She also noted the growing cooperation between Vietnam and Italy, especially in trade. Bilateral trade surged from 0.7 billion USD in 2005 to 4.3 billion USD in 2015, rising by some 19 percent annually.
The Vietnam – Italy joint committee on economic cooperation have convened two meetings during which they reached many agreements between their ministries and enterprises. Those agreements create optimal conditions for businesses to seek investment opportunities, Thoa stressed.
Italian Undersecretary of State for Foreign Affairs and International Cooperation Benedetto Della Vedova said now is the best time to foster economic ties between the countries, as well as between the EU and the ASEAN.
The EU – Vietnam Free Trade Agreement allows both sides great opportunities. Vietnam has an open economy, high growth rate, many industrial parks and a young and skilled population, which is ideal for Italian firms to manufacture in and export to Vietnam, he added.
He noted that Italy wants to tighten locality-to-locality cooperation and is willing to share experience in managing and running cooperatives – an important part of Italy’s economy.
While in Italy, Deputy Minister Thoa had a working session with officials of the Emilia Romagna region. She said she hopes the region will share its experience and technologies in agriculture, the food industry and other sectors. It should also expand investment and business activities in Vietnam.
Stefano Bonaccini, President of Emilia Romagna, said more than 600 companies in the region are investing in Vietnam with total capital surpassing 120 million EUR. He believes that ties between the two countries will improve in the near future.
The Vietnamese delegation also held a show of Vietnam’s flagship farm produce and beverages in Bologna, along with a business-to-business forum, gathering many local enterprises, including LegaCoop cooperative federation and Coop Italia and Conad distribution networks, to help Vietnamese goods make inroads into Italy.-VNA
Italian enterprises, particularly those in the northwestern region of Liguria, hope to promote business opportunities abroad, especially in markets like Vietnam.
Vietnam always backs Italian enterprises to boost connectivity and cooperation with Vietnamese partners and hopes to welcome more Italian investors, said President Tran Dai Quang.
The Italian Senate supports the early ratification of the free trade agreement (FTA) between Italy and Vietnam, Senate President Pietro Grasso told Vice Chairwoman of the Vietnamese NA Tong Thi Phong.
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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.
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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.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
The workshop in Italy’s northern city of Bologna (Photo: VNA)
