Rome (VNA) – A business forum themed “To ASEAN Business Days” tookplace in Torino city in the northern Piedmontregion of Italy on November 29-30, discussing solutions to expand trade tiesbetween the European nation and ASEAN member nations.
Addressing the event, Vietnamese Ambassador to Italy Nguyen Thi Bich Hue highlyvalued efforts by Italy and ASEAN member countries in coordinating in implementingthe development partnership, and supporting each other in the fight against COVID-19,stressing that the two sides should fully tap potentialfor stepping up their cooperation.
Regarding the Vietnam-Italy relations, the diplomat said despite the impacts ofthe health crisis, the strategic partnership between the two countries still maintains positive development, with two-way trade in the first three quarters of 2021 postinga year-on-year surge of 22 percent.
Besides large enterprises, Italiansmall and medium ones are increasingly interested in investing and doingbusiness in Vietnam, she said.
According to Ambassador Hue, Vietnam has joined 16 free trade agreements (FTAs),including the European Union (EU) – Vietnam FTA. The Vietnamese Government isgiving priority to promoting important policies on innovation and sustainable development,which willbring opportunities for businesses in the Piedmont region in particular andItaly in general.
President of the Torino Chamber of Commerce DarioGallina gave a positive assessment of the recovery prospects in the ASEANregion, and called on the business community in Piedmont to effectively tap the potential for cooperation with and export to ASEAN in the coming time.
Reports at the forum showed that trade between ASEANcountries with Italy hit about 15.7 billion EUR (nearly 17.8 billion USD) in2020. of which, exports from the Piedmont region to ASEAN reached 513.2 millionEUR. Notably, Vietnam is the largest trading partner of Piedmont in ASEAN withtwo-way trade totaling 262.5 million EUR last year.
At a seminar in the Piedmont region’s southwest province of Cuneo held on November30 in the framework of the forum, Vietnamese Trade Counsellor in Italy Nguyen Duc Thanh briefed participants on the potential for Vietnam’s dynamic development,and called on Italian legislators and businesses to urge the Italian Parliament to soon ratify the EU-VietnamInvestment Protection Agreement (EVIPA) in order to create more favourable conditionsfor the European country’s investments in Vietnam. /.
Addressing the event, Vietnamese Ambassador to Italy Nguyen Thi Bich Hue highlyvalued efforts by Italy and ASEAN member countries in coordinating in implementingthe development partnership, and supporting each other in the fight against COVID-19,stressing that the two sides should fully tap potentialfor stepping up their cooperation.
Regarding the Vietnam-Italy relations, the diplomat said despite the impacts ofthe health crisis, the strategic partnership between the two countries still maintains positive development, with two-way trade in the first three quarters of 2021 postinga year-on-year surge of 22 percent.
Besides large enterprises, Italiansmall and medium ones are increasingly interested in investing and doingbusiness in Vietnam, she said.
According to Ambassador Hue, Vietnam has joined 16 free trade agreements (FTAs),including the European Union (EU) – Vietnam FTA. The Vietnamese Government isgiving priority to promoting important policies on innovation and sustainable development,which willbring opportunities for businesses in the Piedmont region in particular andItaly in general.
President of the Torino Chamber of Commerce DarioGallina gave a positive assessment of the recovery prospects in the ASEANregion, and called on the business community in Piedmont to effectively tap the potential for cooperation with and export to ASEAN in the coming time.
Reports at the forum showed that trade between ASEANcountries with Italy hit about 15.7 billion EUR (nearly 17.8 billion USD) in2020. of which, exports from the Piedmont region to ASEAN reached 513.2 millionEUR. Notably, Vietnam is the largest trading partner of Piedmont in ASEAN withtwo-way trade totaling 262.5 million EUR last year.
At a seminar in the Piedmont region’s southwest province of Cuneo held on November30 in the framework of the forum, Vietnamese Trade Counsellor in Italy Nguyen Duc Thanh briefed participants on the potential for Vietnam’s dynamic development,and called on Italian legislators and businesses to urge the Italian Parliament to soon ratify the EU-VietnamInvestment Protection Agreement (EVIPA) in order to create more favourable conditionsfor the European country’s investments in Vietnam. /.
VNA