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:

Korean Singer Joseph Kwon Releases Music Video Promoting Vietnam Tourism
Vietnam Business & Weather Briefing (August 12): Petrol Prices Further Down
Vietnam Culture Week Takes Place in Cambodia
US$31.3 billion allocated for key infrastructure projects must be used efficiently: PM
How to stop qwertying your way to hackers: 5 internet security tips from OctaFX
Admire China’s labyrinthine intersections
Hanoians flock to pagoda for Buddhist Vu Lan Festival
Oan cakes prove popular during Vu Lan festival
First Vietnamese rock band in Japan releases debut MV
Flashmob dance awarded Vietnamese record
Three Hotels in Vietnam Make the Top 15 List of Asia
Culinary contest offers 100 dishes from lobster in south-central Vietnam
TikToker Completes 893-Day Walking Journey From Ca Mau to Ha Giang
Friendship Association Supports Cuban People Recover from Explosion at Oil Storage Facility
Vietnam News Today (Aug. 13): Vietnam Participates More Deeply in UN Peacekeeping Operations
Top 10 Awards 2021 honours outstanding architecture designs
Dossier of Via Ba Chua Xu festival approved for submission to UNESCO
A Local Guide’s to Vietnam’s Top 7 Historic Destinations
Canada Assists Hanoi with Sustainable Agro-Forestry-Fishery Value Chains
Vietnam to Further Engage in UN Peacekeeping Operations

Nhận xét

Đăng nhận xét

Bài đăng phổ biến từ blog này

Vietnamese Woman Places Fourth at Miss Supernational 2023

The final night of Miss Supranational 2023 featured intense competition, with the Vietnamese contestant emerging victorious. She surpassed dozens of other talented contestants to claim the coveted title, receiving a tiara and congratulatory flowers from Miss Supranational 2022 Lalela Mswane. Earlier in the competition, she secured her spot in the Top 5 alongside representatives from Ecuador, the Philippines, Brazil, and the UK. During the Q&A segment, she was posed a question about the qualities of a brand ambassador for Miss Supranational. Her response showcased her readiness for the role, expressing her determination to be a dedicated community leader and an inspirational role model for women globally. In her 20-second presentation during the Top 12 round, the Vietnamese contestant emphasized that Miss Supranational is not just a contest, but an opportunity for personal growth and development. The pageant, which took place on April 14 at Strzelecki Park Amphitheater in Pola...
Đọc thêm

Vietnam reach 2023 SEA Games women’s football semifinals despite Philippines defeat

Hình ảnh
Vietnam’s opponents in the semifinals will be hosts Cambodia. The Philippines took an early lead in Tuesday’s game thanks to a penalty awarded in the 11th minute after Vietnamese goalkeeper Tran Thi Kim Thanh fouled a Philippine striker in the box. Vietnam struggled to create scoring opportunities before finding an equalizer in the 41st minute, when goalkeeper Olivia McDaniel failed to catch a cross from defender Nguyen Thi My Anh and let Nguyen Thi Bich Thuy net on the rebound. The equal first-half score seemed to take the pressure off the Vietnamese players in the second half, when they played with a dominant style and produced several dangerous attacks. However, they failed to convert their scoring chances and ended up conceding an own goal in the 83rd minute as midfielder Sara Eggesvik’s cross into Vietnam’s box found Hali Long, who pressured Tran Thi Thu to head the ball into Kim Thanh’s net. Vietnamese (red) and Philippine players compete in their final Group A matc...
Đọc thêm

Top Six Famous and Sacred Pagodas in Hanoi

Hình ảnh
Table of Contents Phuc Khanh Pagoda Ha Pagoda Tran Quoc Pagoda Quan Su Pagoda Tay Ho Pagoda Tao Sach Pagoda The full moon day of January is the first full moon of the new year. There is a saying that “the whole year offering is not equal to that of the full moon day of January”. This is also the day that is considered an appropriate time for people and Buddhists to come to temples and pagodas to pray for a lucky, smooth, and peaceful new year. Here are 6 pagodas considered by many to be the most sacred in Hanoi. Phuc Khanh Pagoda Phuc Khanh Pagoda is one of the most crowded pagodas in Hanoi every full moon in January. It is also known as So Pagoda, or Thinh Quang Pagoda. This is also one of the oldest and most sacred pagodas in the capital. The Buddha hall in the temple is dignified and has 20 statues of high artistic value. Phuc Khanh Pagoda has 21 stone steles, the oldest being from 1698; 3 common red bells, the oldest bell was cast in 1796; 14 sets of robes ...
Đọc thêm