Boosting Vietnam-Italy economic, trade cooperation

15:57 | 29/11/2017 Cooperation

On November 28 at the Government Office In Hanoi, Prime Minister Nguyen Xuan Phuc held a receiption for Italian Deputy Minister of Economic Development Ivan Scalfarotto who is visiting Vietnam to attend the 4th session of the Vietnam-Italy Joint Committee for Economic Cooperation.

boosting vietnam italy economic trade cooperation
Prime Minister Nguyen Xuan Phuc receives Italian Deputy Minister of Economic Development Ivan Scalfarotto

PM Phuc applauded the success of the 4th session of the Vietnam-Italy Joint Committee for Economic Cooperation and the Vietnam-Italy Business Forum, and recommended the two countries intensify economic and trade cooperation in a bid to lift up bilateral trade.

PM Phuc suggested Italian firms to increase investments in Vietnam, and said the Vietnamese Government will create favourable conditions for Italian investors. He listed a number of spheres for bilateral cooperation, including tourism, green technology, transport, and infrastructure and stressed the need to open a direct air route between the two nations.

PM Phuc urged both sides to exchange high-ranking delegations, work closely to implement the 2017-2018 action plan on strategic partnership, continue organising strategic diplomatic and defence dialogues, and carry out activities marking 45 years of diplomatic ties. The PM wished that Italy, as an important member of the EU to help speed up the EU’s signing and ratification of the EU-Vietnam Free Trade Agreement (EVFTA).

For his part, Scalfarotto said the Italian Government and businesses have highly evaluated Vietnam’s policy on open and free trade.

His delegation included 130 businessmen from 60 top Italian companies who are looking for investment and cooperation opportunities in Vietnam. The exchange of high-ranking delegations between the two countries showed Italian’s attention to Vietnam, he said, adding that the official signing of the EVFTA would stimulate economic, trade, and investment relations between the EU and Vietnam as well as between Italy and Vietnam.

The Italian Deputy Minister affirmed that Italy always support and pursuit free trade policy. The Italian government as well as firms also praise the free trade policy adopted by the Vietnamese government.

Italy regards Vietnam as a close friend for further cooperation, especially in bilateral trade and investment in fields of clean and high technologies.

Thanh Tuan