Vietnamese firms introduce their products on the sidelines of the forum. (Photo: VNA)Vietnamese Ambassador to Italy Duong HaiHung highlighted the strong growth of the Vietnam-Italy strategic partnershipin all fields, especially economy.
He pointed to the four factors that ensure the futuredevelopment of the ties, namely the sound traditional friendship andpolitical determination of both sides, the stability and attractiveness of theVietnamese economy, the legal framework promoting import-export and investmentactivities, and Vietnam’s advantages from free trade agreements.
Vietnamese Ambassador to Italy Duong Hai Hung addresses the forum. (Photo: VNA)President of the Italian Trade Agency Carlo Ferro said thatVietnam and Italy can still do more to promote economic and trade relations,building on previous successes in enabling businesses to meet and increase theexchange of goods, not only agricultural products and fashion but also manyothers such as industrial machinery and 4.0 technology.
Vietnam is currently the largest trade partner of Italyamong the ASEAN countries, with two-way trade reaching 4.25 billion USD in thefirst 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 tobilateral ties when Italy and Vietnam have opened their economies and reliedheavily on exports.
Vietnam is still a gateway for Italy to enter the600-million-strong ASEAN market./.
VNA
