Vietnam, Italy Seek to Step up Economic Cooperation

At the meeting with credit and insurance group SACE. Photo: Vietnam's embassy in Italy
At the meeting with credit and insurance group SACE. Photo: Vietnam’s embassy in Italy

Vietnamese Ambassador to Italy Duong Hai Hung has held working sessions with leaders of credit group CDP, Simest credit institution of CDP, credit and insurance group SACE and the General Confederation of Italian Industry (Confindustria) of Italy as part of the embassy’s economic diplomacy activities of in 2023, VNA reported Sunday.

According to Pasquale Salzano – President of Simest, General Director in charge of European and international affairs of CDP Group, Vietnam is in the strategic priority list of Simest.

Simest has completed the building of a platform connecting Italian small-and medium-sized enterprises with Vietnam, which is expected to be launhed this year, he said.

Vietnamese Ambassador to Italy Duong Hai Hung holds a working session with Barbara Beltrame Giacomello. Photo: VNA
Vietnamese Ambassador to Italy Duong Hai Hung holds a working session with Barbara Beltrame Giacomello. Photo: VNA

Vietnam is currently the largest trade partner of Italy among the ASEAN countries, with two-way trade reaching USD 4.25 billion in the first 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 to bilateral ties when Italy and Vietnam have opened their economies and relied heavily on exports.

Vietnam is still a gateway for Italy to enter the 600-million-strong ASEAN market

Ale Alessandra Ricci – CEO of SACE also stressed that Vietnam is a target country in this group’s strategic list.

SACE will focus on implementing many activities in Vietnam in the near future, including establishing a temporary office, she said.

SACE has developed a promotion and guarantee strategy so that selected Vietnamese businesses can access preferential loans from banks with no strings attached, she added.

Vietnamese businesses guaranteed by SACE are operating in the fields of food and beverage, energy and mechanical engineering, with a total guaranteed capital of up to EUR 1.3 billion (over USD 1.39 billion).

Additionally, SACE has strengthened market connection activities for businesses, Ricci noted.

Meanwhile, Barbara Beltrame Giacomello, Vice President for International Affairs of Confindustria said that more and more Italian businesses are interested in the Vietnamese market, so Confindustria will consider the Vietnamese market as its focus in Asia.

At the meeting, Ambassador Hung expressed his delight at the priority of Italian firms and organisations for Vietnam in their operational plans in the world, especially in Asia.

The diplomat highlighted the friendship between the two countries, Vietnam’s strong economic growth and its and advantages in the region, as well as the mutual complementarity of the two economies, saying that the embassy supports plans and projects to promote cooperation between Italian businesses with Vietnam.

He took the occasion to share priority areas of economic cooperation that Vietnam want to strengthen with Italy.

The ambassador suggested Italian agencies and organisations further strengthen coordination with the embassy to expand connection between organisations, businesses and localities of Vietnam and Italy, thus contributing to further promoting the bilateral economic, trade and investment cooperation.

Hannah Nguyen

The post Vietnam, Italy Seek to Step up Economic Cooperation appeared first on Vietexplorer.com.

View more from VietExplorer:

Poll shows 60% of Japanese want Games cancelled
Vietnamese woman with ‘brittle bone’ disease offers free classes to disadvantaged youths
In photo: The vibrant colors of lotus blossom on Hanoi streets
Another Vietnamese painting sold for million dollar in Hong Kong
Coastal city’s fish noodle soup
Vietnam could observe super blood moon eclipse today
A trek into Vietnam’s oldest national park
Passion over paralysis: One woman’s fight to rebuild her life
Vietnam Cultural Heritage Day marked nationwide
Enjoying lotus scented tea on summer days
Multi-sensory experiences of “Xam” singing
Statue of General Vo Nguyen Giap in Truong Sa archipelago
Five experiences in Pu Luong nature reserve to escape summer heat
The new model of “Camping café” appears in Thu Duc City
Ca muoi – a favorite Vietnamese side dish in summer
Lai Vung: Delicious traditional fermented pork roll (nem chua) dishes
Majestic super blood moon observing on May 26
Beloved Vietnamese ‘People’s Artisan’ turns 100 yet continues to sing
Bun nghe xao long, a unique dish of Hue
In photo and video: Lifelike clock paintings made of glue, sand and stone

Comments

Post a Comment

Popular posts from this blog

Red Vermicelli: Dak Lak’s Delicious Delicacy

Image
Buon Ma Thuot not only has premium coffee with a unique delicious taste, but also many other famous delicacies such as wine, marinated chicken, fragrant rice tubes, and especially the excellent red vermicelli. Red vermicelli is a popular specialty of Dak Lak. Although there are some similarities with vermicelli in the South, the famous red vermicelli in the “capital of coffee” is very different. It has big, firm vermicelli, similar to Southern beef vermicelli but slightly better, about the size of a chopstick, chewy and crispy. Different from sophisticated dishes like pho in Hanoi, vermicelli with fish in Quy Nhon, bun bo Hue, or vermicelli in Can Tho, Ban Me red vermicelli is extremely rustic, strange, and especially delicious. At first glance, red vermicelli is quite similar to crab vermicelli, but this dish is made from pure crab meat, pureed pork and fat, vegetables, bean sprouts, and of course, boiled quail eggs. Photo: ttvn.toquoc.vn The special thing about red ve...
Read more

Vietnam Voted In Top 5 Most Attractive Destinations In Asia

Image
Accordingly, the country ranked fifth in the list, and it is one of the most peaceful countries in the world. The magazine noted that Vietnam has been developing with both youthful and dynamic vitality. It boasts numerous majestic and beautiful natural wonders. The beauty of Hoi An Ancient Town (Photo: Judyta Jastrzebska) The Travel mentioned limestone islands in unique shapes located in Ha Long Bay, Phong Nha Cave in Phong Nha – Ke Bang National Park, and charming rivers throughout the Mekong Delta region. Furthermore, vast rice fields and typical floating markets help to increase the attractiveness of this top regional tourist destination, it said. The Travel stressed that Vietnam is not only home to an array of natural beauty, but it also attracts tourists through its architectural works with century-old historical and cultural imprints. Rounding off the list are Japan, Indonesia, Thailand, and Laos. Reasons to visit Vietnam History Photo: Life of Doing ...
Read more

Stunning Vietnamese landscapes in 35AWARDS Photography Award 2023

Image
International photography contest – 35AWARDS,  with the largest number of professional jury, has attracted more than  450,000 entries from hundreds of photographers worldwide. The 35AWARDS honor photographers by offering awards in various photo genres, from aerial photography, and daily life to landscapes and wildlife. Let’s enjoy the photos by Vietnamese photographers whose work selected the Top 5 Excellent Photos and 100 Most Impressive Drone Photos of the 35AWARDS 2023.  Two hunting whales were taken by Pham Huy Trung on De Gi Beach in the central coast province of Binh Dinh, Vietnam, in August 2022.  The photo “Spring on the Tea Hill” taken by Pham Huy Trung in Dam B’ri Commune, Bao Loc District, the Tay Nguyen (Central Highlands) province of Lam Dong, is among the 100 most beautiful photos of this year’s award.   The photo titled “Mother’s Shoulder-poles” by Pham Chi Cong shows the image of an old woman with he...
Read more