President confident of reaching 6 billion USD trade target with Italy
The target of 6 billion USD in two-way trade between Vietnam and Italy in 2017-2018 is within reach since the Vietnam-EU free trade agreement is going to be sealed, President Tran Dai Quang said.
President Tran Dai Quang (R) and his Italian counterpart Sergio Mattarella inspect the guard of honour (Source: VNA)
Rome (VNA) – The target of 🦩6 billion USD in two-way trade between Vietnam and Italy in 2017-2018 is within reach since the Vietnam-EU free trade agreement is going to be s♔ealed, President Tran Dai Quang said.
The Vietnamese State leader made the remark at the Vietnam-Italy Business Forum in Rome on November 23 as part of his State-level visit to the European country.
Vietnam wishes that Italy will open its market for Vietnamese farm produce and seafood, President Quang said.
He stated that Vietnam encourages Italian firms to invest in mechanical engineering, garment-textiles, leather footwear and timber and food processing, as well as cooperation between the two countries’ small-and medium-sized enterprises (SMEs).
The President also called for Italian investment in transport and technology-information infrastructure under the form of public-private partnership (PPP) model.
He urged Italian enterprises to share experience with their Vietnamese counterparts and help them connect with the global market.
He also expressed hope that Italy, as one of the world’s powers in tourism, will share its experience with Vietnam in promoting tourism and preserving historical sites and cultural heritage.
The leader affirmed the Vietnamese State’s commitment to creating an open, favourable and equal investment climate so as to meet requirements of international integration, for the sake of the two countries’ firms.
“Vietnam warmly welcomes Italian enterprises and pins high hope on their success in the country,” he stated.
President Quang went on to say that Vietnam wishes to elevate the bilateral strategic partnership to a new level that matches the two countries’ potential, strength and demands, making it a model of the Asia-Europe and ASEAN-EU cooperation.
He used the occasion to brief Italian firms on achievements Vietnam has recorded during the past 30 years of reform.
Vietnam has transformed from an underdeveloped country to a developing one with middle-income status, stablised macro economy and tamed inflation, the leader said.
The country’s per capita income now stands at about 2,100 USD and its economic scale exceeded 200 billion USD.
Vietnam is set to fulfill its commitments to the ASEAN Community and the World Trade Organisation, and join new-generation free trade agreements, including a deal with the EU, while continuing with international integration, he said.
The President also highlighted the fruitful relationship between Vietnam and Italy, particularly since the two countries signed a joint statement on the strategic partnership in January 2013.
Italy is one of Vietnam’s major European trade partners with total bilateral trade rising from 3.4 billion USD in 2013 to 4.3 billion UD in 2015. Meanwhile, Vietnam is Italy’s largest trade partner in the ASEAN.
Italy now has 77 investment projects in the Southeast Asian nation with many brand names now popular in Vietnam such as Piaggio motorbike and Ariston water heater.
At the forum, the leader also talked about the thriving affiliation in culture, education-training and science-technology between the two countries.-VNA
The relations between Vietnam and Italy have been developed across the fields from politics, economics-trade-investment, culture-education, science-technology and defence over the past four decades.
President Tran Dai Quang and his Italian counterpart Sergio Mattarella have displayed their resolve to deepen the Vietnam-Italy strategic partnership in an effective fashion during their talks in Rome
Vietnam's Deputy PM and Foreign Minister Pham Binh Minh had talks with Italian Foreign Minister Paolo Gentiloni on Nov. 21, sharing the view that their countries have enjoyed vibrant relations.
President Tran Dai Quang had separate meetings with leaders of the Italian Parliament - President of the Senate Pietro Grasso and Speaker of the Chamber of Deputies Laura Bonldrini, in Rome.
President Tran Dai Quang is in Rome for a State visit to Italy. The President’s visit is made at the invitation of his Italian counterpart Sergio Mattarella.
The Party and State of Vietnam always attach great importance to and give top priority to the development of Vietnam–China relations. Vietnam is ready to work with the Chinese Party and State to further deepen the Comprehensive Strategic Cooperative Partnership and promote the building of the Vietnam-China community with a shared future that carries strategic significance.
Under the leadership of President Ho Chi Minh and the CPV, President Cuong said, the press has been a steadfast force on the ideological and cultural front, rallying the masses to pursue national aspirations.
NA Chairman Tran Thanh Man stressed the need to accelerate the application of artificial intelligence and smart teaching equipment, innovate teaching and assessment methods, and further improve the quality of formal education.
He also pledged that the NA will promote its ongoing supervision, making sure that every promise must lead to results, and every commitment must bring about real changes.
Minister of Industry and Trade Nguyen Hong Dien welcomed the proposals put forward by the US side and reiterated Vietnam’s request for consideration of key areas of interest, including reciprocal tariff policies and access for Vietnamese key export products to the US market.
Deputy PM Le Thanh Long proposed countries promote shared values, including building trust, sincerity, and solidarity among nations and peoples; fostering cooperation spirit and responsible behaviour as well as upholding international law and the UN Charter; and placing people at the centre and as the goal, the key player, and the driving force of all policies.
The show, together with a grand parade to be held silmutaneously at Ba Dinh Square in Hanoi, will celebrate the 80th anniversary of the August Revolution, the National Day, and the General Staff of the Vietnam People’s Army (VPA).
In particular, in April 2023, the two sides successfully carried out a joint operation that dismantled a major organised, transnational drug trafficking ring involving both Vietnamese and Cambodian suspects.
The Vietnamese Embassy in Israel is closely coordinating with relevant local agencies to stay informed and provide the utmost support possible for Vietnamese nationals.
The launch of Thanh Nien (Young People) newspaper in 1925, even before the founding of the Communist Party of Vietnam, is considered a testament to President Ho Chi Minh’s strategic foresight and strong belief in the guiding power of the revolutionary media.
New Zealand is currently one of Vietnam’s most important partners in the region, marked by a high level of political trust, strong and reliable defence and security cooperation, and increasingly open economic, trade, and investment ties.
Party General Secretary To Lam stressed that the Central Public Security Party Committee must be fully aware of the extremely important role of the People's Public Security force in the country's new revolutionary phase, so as to guide each branch and level of the force as the nation undergoes transformation.
Addressing concerns over university education spending, Son explained that as public universities gain greater autonomy, the Ministry of Finance has scaled back recurrent state funding. “Over the past decade, as autonomy has increased, the State's support has steadily declined”, he noted
Lao Minister of Foreign Affairs Thongsavanh Phomvihane affirmed that the presence of Vietnamese press offices in Laos vividly demonstrates the great friendship, special solidarity, and comprehensive cooperation between the two nations, as the press is not only a means of communication but also an important bridge for spreading consciousness about the history, values, and strategic depth of the Laos – Vietnam relationship to the people of both countries and the international community.
The country is willing to participate in collective efforts to promote cooperation and mobilise resources to advance the current priority issues of developing countries, such as trade, investment, infrastructure connectivity, making the most of scientific and technological advances for development, and people-to-people exchanges, Hang said.
During the negotiations, the US highly evaluated Vietnam’s goodwill and efforts, affirmed its appreciation for the bilateral relationship, acknowledged Vietnam’s proposals and concerns, and considered these an important basis for continuing discussions and moving towards a final agreement.
The Chairman stressed the need for stricter fiscal discipline, faster digital transformation, and more efficient management of State budget revenues and expenditures.
President Tran Dai Quang (R) and his Italian counterpart Sergio Mattarella inspect the guard of honour (Source: VNA)
