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Italian President hosts farewell ceremony for Vietnamese counterpart

Italian President Sergio Mattarella hosted an official farewell ceremony for President Vo Van Thuong, his spouse and the high-ranking Vietnamese delegation in Rome on July 27 (local time).
Italian President hosts farewell ceremony for Vietnamese counterpart ảnh 1President Vo Van Thuong (L) and his Italian counterpart Sergio Mattarella. (Photo: VNA)
Rome (VNA) – Italian President Sergio Mattarella hosted an official farewell ceremony for President Vo Van Thuong, his spouse and the high-ranking Vietnamese delegation in Rome on July 27 (local time).

The Italian leader’s and his daughter’ hosting of welcomeand farewell ceremonies and a national banquet for the Vietnamese President andhis entourage, along with high-level talks and meetings between the twocountries’ leaders demonstrate the special importance the Italian State andpeople attach to the Vietnam-Italy traditional relations as well as Thuong’svisit.

Thuong’s three-day State visit took place in thecontext that the two countries are celebrating the 50th anniversary of diplomatic ties and the 10th anniversary of strategic partnership.

Vietnam and Italy have maintained many bilateralcooperation mechanisms such as the annual strategic dialogue at the deputyforeign ministerial level and the defence policy dialogue at the deputyministerial level, as well as the Joint Committee on Economic Cooperation andJoint Committee on Science and Technology Cooperation.

Vietnam remains one of the 10 emerging countriesprioritised for trade and investment cooperation development by Italy until2030. The two countries have created favourable conditions for businesses ofeach other to cooperate in areas of Italy’s strength and Vietnam’s demand suchas mechanical engineering, infrastructure, garment and textiles, footwear, woodprocessing, supporting industries, building materials, oil and gas, renewableenergy, and food processing.

At present, Vietnam is Italy's largest trading partnerin ASEAN, with two-way trade reaching 6.2 billion USD in 2022, up 11% comparedto 2021, according to the Vietnam Customs. Specifically, Vietnam's exports toItaly last year totaled 4.4 billion USD, up 14% over the previous year, and itsimports from Italy - 1.7 billion USD, up 3.6%.

In the first four months of 2023, two-way trade topped2 billion USD, down 2.7% from the same period in 2022, in which exportsdecreased by 3%./.
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