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Italian business mission on way

Released at: 02:29, 06/11/2014

Italian business mission on way

Italian business leaders will arrive in Vietnam shortly to seek investment opportunities.

by Nguyen Quynh

Nearly 100 Italian business leaders will arrive in Vietnam on November 24 as part of a business delegation seeking investment opportunities and strengthening the strategic partnership between Vietnam and Italy.

The delegation will target four main sectors: machinery, medical and biomedical, energy and renewable energies, and infrastructure and transport. Speaking at a press conference, Ambassador Angeloni said that with more than 40 years of diplomatic relations Vietnam and Italy have the foundations in place to boost economic cooperation. “We expect two-way trade turnover to reach 3.5 billion euros ($4.3 billion) this year,” he added.

According to Italian Trade Commissioner in Vietnam Ms. Bruna Santarelli, the Italian business leaders hope to learn more about Vietnam’s economic potential and meet Vietnamese enterprises to establish cooperative ties.

Italy has been one of Vietnam’s leading trade partners in the EU, with two-way trade turnover standing at $2.53 billion in 2011, up 38 per cent, and $2.8 billion in 2012, up 10 per cent. The two countries currently cooperate in national defense, sports, education and training, and scientific research. There are friendly relations between Hanoi and Rome, Ho Chi Minh City and Milan, and Hai Phong and Genoa. Many Italian companies have offices in Vietnam, including 37 with direct investment and joint ventures.

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