Vietnam, Italy seek effective economic cooperation
Updated : Thursday, December 06, 2018 11:00 AM (GMT+0700)

The fifth meeting of ajoint committee on economic cooperation between the Vietnamese Ministry ofIndustry and Trade (MoIT) and the Italian Ministry of Economic Development tookplace in Rome on December 4.  

At the event - Source: VNA

The annual event was co-hosted by Vietnamese Deputy Ministerof Industry and Trade Hoang Quoc Vuong and Italian Under-Secretary of State forEconomic Development Michele Geraci.

The two sides agreed that while Vietnam-Italy economic andtrade ties have progressed well in recent years, they still fall short of theirpotential.

In the first 10 months of 2018, Italy – with 90 validprojects worth over 388 million USD – was ranked 31st among the 129countries and territories investing in Vietnam. Italian investors injectedtheir capital into 12 out of the 21 sectors that receive foreign funds inVietnam.

The sides raised measures for improved cooperation in severalspheres, including footwear, garment-textile, renewable energy-electricity,farming produce-food processing, science-technology, and tourism. 

The meeting was rounded off with the signing of its minutes. Both sides agreedto hold the sixth meeting in Vietnam next year.

As part the meeting, on the morning of the same day, the MoITdelegation and the Italian centre for agro-fishery product distribution (CAR)held an agricultural cooperation conference. It was an occasion forparticipating Vietnamese businesses to learn about Italian distribution systemsfor agro-fishery products, as well as the standards set for goods to beimported to Italy and the EU. They also gained experience from Italy’sdevelopment and management of wholesale markets. 

The conference saw the CAR and Vietnam’s Proton company signa memorandum of understanding on future cooperation.

Source: VNA  

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