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:

HCM City pilots ‘travel bubble’ model in Can Gio district
Grab resumes GrabCar service in Hanoi
Da Nang to pilot welcoming foreign visitors from November
Young sticky rice flakes, taste of autumn in Hanoi
Vietnamese movies shortlisted for Busan International Film Festival 2021’s funding program
Foreign tourists look forward to visiting Vietnam
Autumn blankets Hanoi’s streets with fragrance of white milk flowers
Businesses working towards post-pandemic economic recovery
Vietnam among most watched countries on TikTok
Kate Festival of Cham people
Vietnam suffer dramatic loss to China in World Cup qualifiers
Vietnam’s post-pandemic tourism: Change to adapt
The Spanish designer with great love for Hanoi passes away
Vietnamese lighting products enter Korean market
Love letters from late songwriter Trinh Cong Son broadcast on podcast
Vietnam voices support for peace, reconciliation process in Colombia
Mbappe winner as France beat Spain in Nations League final
Vietnam Pavilion inaugurated at Expo 2020 Dubai
Photo contest “HUEFOTOur 2021” to promote Hue tourism
Incense-making Quang Phu Cau village

Nhận xét

Đăng nhận xét

Bài đăng phổ biến từ blog này

Ti Top Island: One of the World’s Most Stunning Beaches

Hình ảnh
Ti Top Island is renowned for its stunning scenery and pleasant weather, making it a must-visit beach destination. Occupying a small area of 3.7 hectares, Ti Top Island is one of the smallest islands in the Ha Long Bay, located in the Quang Ninh province of northern Vietnam. The island’s captivating view and excellent location attract a significant number of tourists every year. The island is named after Gherman Titov, the pilot of the Vostok II spacecraft, who made his journey just four months after Yuri Gagarin’s historic spaceflight on April 12, 1961. Ti Top Island is renowned for its breathtaking scenery and pleasant weather, making it a must-visit beach destination. Photo: KKDay Gherman Titov was the first person to capture pictures of Earth from space, conduct biomedical experiments, and communicate via radio. In January 1962, Titov visited Vietnam at the invitation of President Ho Chi Minh. During his visit, he and President Ho Chi Minh named Island No. 48 as T...
Đọc thêm

Buzz, Bump, Goal! Drone Football Takes Center Stage at CES

Five red drones are competing against five blue drones in a thrilling drone soccer match. Controlling the drones from outside the playing field ensures safety for all. The game lasts for three action-packed minutes, with the drones protected by globe-like shields, zooming around, colliding with each other, and bouncing off the green field. Their mission: to score goals by maneuvering a drone through the opposing team’s “donut,” a hoop suspended 3.5 meters in the air that lights up when a goal is achieved. Sean Greenhalgh, a professional drone soccer player and former Trader Joe’s employee, reveals that he discovered this emerging sport during a drone photography course about a year ago. Now, he serves as the captain and main striker for Team USA, alongside teaching children aged four and older the sport. While it may be a niche profession, Greenhalgh appears to be doing well and enjoying his role. Jasmine Lee, the match commentator, explains that an engineer, who happened to be a mas...
Đọc thêm

Vietnam fail to solve Singapore’s defense in goalless AFF Cup clash

Vietnam had a difficult game at Jalan Besar Stadium in Singapore as they struggled to find a way through the disciplined and multi-layered defense of the hosts. The 2008 and 2018 winners, who started with a line-up including many reserved players, barely created a relevant chance in the first half. In the second half, Vietnam put several key players in and created more profound attacks. However, Singapore’s defense remained solid. Vietnamese striker Nguyen Tien Linh, forward Nguyen Van Quyet and midfielder Nguyen Hoang Duc had many good chances to score, but all of them ended up in vain as their precision was lacked. Vietnam were the closest to goal when Nguyen Hoang Duc’s shot hit the post in the 84th minute. The 0-0 draw against Singapore still retains Vietnam’s top spot in Group B and leaves the door to the semifinals wide open for the two-time winners. The Vietnamese will only be eliminated if they lost to Myanmar from eight goals and Malaysia defeat Singapore in the la...
Đọc thêm