Prime Minister Nguyen Xuan Phuc (R) and his Italian counterpart Giuseppe Conte attend third High-Level Dialogue on Italy-ASEAN Economic Relations

The event gathered over representatives of 300 enterprises from Italy and the Association of Southeast Asian Nations (ASEAN) and more than 150 Vietnamese businesses. It was also attended by Deputy Prime Minister Trinh Dinh Dung.

Addressing the event, PM Phuc spoke highly of Italian enterprises’ confidence in Vietnam.

Emphasising the dialogue’s significance, he said that the presence of the Vietnamese Prime Minister and Deputy Prime Minister at the event shows the Government’s support for cooperation of the Italian Government as well as between Italian and ASEAN enterprises and Vietnamese partners.

He expressed his hope that Italian businesses will choose Vietnam when looking east thanks to its own potential and advantages.

The Vietnamese Government leader also called for win-win cooperation between Italian, ASEAN and Vietnamese businesses.

Chairman of the Vietnam Chamber of Commerce and Industry Vu Tien Loc stated that this forum aims to create more business opportunities between Italy and ASEAN member states.

According to him, the economic and trade relations between Italy and ASEAN countries, including Vietnam, are entering an important development stage.

Italy, the third largest economy in the European Union and the eighth in the world, is an important economic partner in the EU, while ASEAN is an important geo-political and economic region of the EU in general and Italy in particular.

Former Prime Minister of Italy Enrico Letta, who is President of the Italy-Vietnam Association, stated that his country always attaches importance to the Italy-Vietnam bilateral relations of strategic cooperation as well as the Italy-ASEAN multilateral relations, with Vietnam serving as a strategic gateway for Italian businesses in Southeast Asia.

This means that Italy will intensify trade promotion projects and investment flows into Vietnam to use it as a springboard to increase Italian enterprises’ presence in the promising ASEAN market, he added.

Hanoi welcomes Italian, ASEAN partners: official

Chairman of the Hanoi People’s Committee Nguyen Duc Chung speaks at the third High-Level Dialogue on ASEAN-Italy Economic Relations

Hanoi welcomes and creates best conditions possible for Italian and ASEAN firms to look for investment and sustainable development opportunities in the capital city, stated Chairman of the municipal People’s Committee Nguyen Duc Chung.

Chung made his statement on June 6 to congratulate the successful third High-Level Dialogue on ASEAN-Italy Economic Relations, which took place in Hanoi the same day.

He said the success contributes to opening up future business and investment opportunities and connecting sides involved within the ASEAN-Italy collaboration framework.

Chairman of the Italy-ASEAN Association (IAA) Enrico Letta said the dialogue has produced outcomes as expected.

He said he believes support from the local authorities will encourage more Italian and foreign investors to study Hanoi’s market in the coming time.

Italy now operates 26 investment projects worth over 39 million USD in the capital, focusing on the sectors of processing-manufacturing, trade, services, IT, and construction.

Bilateral trade between Hanoi and Italy reached 387 million USD in 2018, with key goods including footwear, bags, machinery, and farming produce.

Chung said such results remain modest, hoping Hanoi and its Italian partners to come up with more specific investment and cooperation programmes.

Prime Minister Nguyen Xuan Phuc and his Italian counterpart Giuseppe Conte attend the ASEAN- Italy Economic Forum in Hanoi, June 6 Prime Minister Nguyen Xuan Phuc (R) and Italian Prime Minister Giuseppe Conte Prime Minister Nguyen Xuan Phuc, Italian Prime Minister Giuseppe Conte, Deputy Prime Minister Trinh Dinh Dung and other delegates at the event

VNA

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