Italian firms seek investment opportunities in Vietnam

Vietnam is emerging as a promising trade and investment destination for the business community in Italy’s Sicily region, as heard at a forum aimed at connecting Vietnam and Sicily held on July 14-16.
Italian firms seek investment opportunities in Vietnam ảnh 1Illustrative photo (Source: VNA)
Rome (VNA) – Vietnam is emerging as a promising tradeand investment destination for the business community in Italy’s Sicily region, asheard at a forum aimed at connecting Vietnam and Sicily held on July 14-16.

Speaking at the event, Alessandro Albanese, head of theGeneral Confederation of Italian Industry (Confindustria), said in the comingtime, the Confindustria in Sicily will promote its role in linking firms in theregion with the Vietnamese market via creating the foundation for specifictrade agreements.

Vietnamese Ambassador to Italy Nguyen Thi Bich Hue highlighteddiverse cooperation fields and a myriad of trade and investment opportunities forthe two sides, particularly after tariffs will be gradually eliminated followingthe ratification of the EU-Vietnam Free Trade Agreement (EVFTA).

Vietnam is also a gateway to the ASEAN market, she added.
Participating enterprises paid attention to Vietnam’sdevelopment and investment priorities, farm produce trade prospects, smartcity, environment, new energies, and links between local businesses and Vietnamese studentsstudying in Italy, among other matters.

President of Sicily Nello Musumeci said he supports the EU-VietnamInvestment Protection Agreement (EVIPA) as it is a drive to boostinvestment between Vietnam and Italy.

He pledged to call for accelerating the ratification of thepact.

Vietnam – Italy trade in the first five months of 2021reached 2.29 billion USD, up 29.3 percent year-on-year./.
VNA

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