Italian firms hope to partner with Vietnam in agricultural production

The Italian Government hopes to promote commercial activities in Vietnam, especially in the field of manufacturing and processing agricultural products, turning Vietnam into a strategic entrance for trading and investment of Italy in Southeast Asia, said Italian Ambassador to Vietnam Antonio Alessandro.
Italian firms hope to partner with Vietnam in agricultural production ảnh 1Italian and Vietnamese companies exchange information at the B2B meeting during the event “Machinery Made in Italy” in Hanoi (Photo: VNA)
Hanoi (VNS/VNA) - The Italian Government hopes to promote commercialactivities in Vietnam, especially in the field of manufacturing and processingagricultural products, turning Vietnam into a strategic entrance for tradingand investment of Italy in Southeast Asia, said Italian Ambassador to VietnamAntonio Alessandro.

He madethe statement during the event “Machinery Made in Italy”, held in Hanoi on October1-2 by the Italian Chamber of Commerce (ICHAM) in Vietnam and the system ofItalian Chambers of Commerce in 11 Asian countries.

ICHAM isholding the event with the aim of supporting Vietnam’s agricultural sector. Atthe event, a B2B meeting was organised to connect Italian companies operatingthe field of food machinery and importers and distributors of agriculturalproducts from the Asian countries of India, the Republic of Korea, Singapore,Malaysia, Indonesia, Thailand and Vietnam.

ICHAM andthe system of 11 Italian Chambers of Commerce in Asia hope this event wouldoffer business opportunities for Italian food machinery companies and theircustomers in Asia.

Thestrategic partnership between Vietnam and Italy has witnessed remarkabledevelopment in many fields, especially in economic co-operation, saidAlessandro.

Machineryhas accounted for the biggest export value from Italy to Vietnam. Italy isone of the world’s leading countries in exporting technology, especiallymachinery production lines, because it has invested in thorough research onproduction technology to provide the best technological solutions for customersand minimising production costs.

Alessandrotold Vietnam News that the Italian Government attached great importance toVietnam's market, adding that the EU-Vietnam Free Trade Agreement (EVFTA) wouldopen many opportunities for businesses of the two countries, includingopportunities for small and medium enterprises of Italy.

In theyears to come, many Italian businesses would head to Vietnam to open investmentfacilities, provide equipment and technological lines for Vietnameseenterprises in many localities in the country, he said.

In 2018,the export of agricultural products of Vietnam hit a record of 40.02 billionUSD. This was also the year with the highest growth rate in the pastseven years and this attracted many big foreign companies to invest inagriculture in Vietnam./.
VNA

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