Vietnam considered strategic market of Italian firms: ambassador

Wednesday, 2019-10-02 13:31:31
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Italian Ambassador to Vietnam Antonion Alessandro (L) and ICHAM President Michele D’Ercole at the press briefing.
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NDO – Italy attaches great importance to the Vietnamese market and considers Vietnam as one of Italy’s three strategic markets in Asia, said Italian Ambassador to Vietnam Antonion Alessandro during an event in Hanoi on October 1.

“Machinery Made in Italy” was organised by the Italian Chamber of Commerce in Vietnam (ICHAM Vietnam) in coordination with 11 other ICHAMs across Asia. The event offered a good chance for Vietnamese businesses to access and work with Italian partners on the supply of comprehensive solutions for the modern agro-product and food processing industry.

Addressing a press briefing on the sidelines of the event, Alessandro stated that the Vietnam-Italy strategic partnership has seen positive developments in a number of fields, particularly economic cooperation.

Machinery and technology are the exports of Italy’s strength, he said, adding that Italy can offer many support tools to contribute to improving the quality of Vietnamese products to meet the requirements of the demanding markets around the world.

According to the diplomat, the Italian government highly values the Vietnamese market and views Vietnam as among Italy’s three important markets in Asia. In addition, the European Union-Vietnam Free Trade Agreement (EVFTA) will open numerous opportunities for the two countries’ businesses, particularly Italy’s small and medium-sized enterprises.

Vietnam will be the gateway for Italian firms to access other markets, Alessandro said.

In 2018, the consumption market for Vietnam’s agricultural products was expanded, with export revenue achieving a new record of US$40.02 billion. Agricultural growth also hit a seven-year high, with many big companies making organised investments in the sector. In order to achieve the set targets, the Ministry of Agriculture and Rural Development continues to restructure the sector, boost production and processing, develop the agro-product consumption market and promote sustainable growth.