Italian firms seek investment opportunities in Vietnam

November 25, 2014 | 10:47

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As many as 100 Italian organisations and enterprises are taking part in a number of trade promotion activities in Hanoi and Ho Chi Minh City from November 24 to 26.

They include official discussions, governmental-level bilateral meetings, and an Italy-Vietnam economic forum.

A meeting of the Vietnam-Italy joint committee for economic and trade development will also be held on this occasion.

The visit, led by Italian Deputy Minister for Foreign Affairs and International Co-operation Benedetto Della Vedova, aims to strengthen relations between the two countries in various fields including economy, trade, technology, health care, energy, and infrastructure.

In addition, both sides will discuss investment potential and cooperation opportunities offered by 110 industrial areas throughout Vietnam.

Currently, Italy is Vietnam’s 18th largest exporter and 15th largest importer.

The country also remains the third largest EU trade partner of Vietnam with two-way trade turnover of 3 billion Euro in 2013. The figure is expected to go up to 3.5 billion Euro this year and 5 billion Euro in 2016.

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