Vietnam, Italy beef up trade, investment cooperation
Vietnamese Minister of Industry and Trade Nguyen Hong Dien held a working session in Hanoi on March 28 with Marco Della Seta, Italian Ambassador to Vietnam and Regina Corradini D’Airenzo, CEO of SIMEST which is responsible for promoting Italian companies' outward investment and providing technical and financial support for investment projects.
Vietnamese Minister of Industry and Trade Nguyen Hong Dien (middle) at the event. (Photo: VNA)
Hanoi (VNA) – Vietnamese Minister of Industry and Trade Nguyen Hong Dien held aworking session in Hanoi on March 28 with Marco Deꦚlla Seta, Italian Ambassadorto Vietnam and Regina Corradini D’Airenzo, CEO of SIMEST which is responsiblefor promoting Italian companies' outward inve꧒stment and providing technical and financialsupport for investment projects.
Dien commended the Italian Embassy's proactive rolein fostering economic, trade, industrial, and energy relations between Vietnamand Italy, including the successful implementation of the EU-Vietnam Free TradeAgreement (EVFTA) through specific action programmes, which have created a newmomentum for Vietnam-EU economic and trade ties, particularly with Italy. Selta affirmed that Italy always values and wishesto further enhance cooperative ties between the two countries, especially inthe fields of economy, trade, industry and energy. Italy considers Vietnam an important partner in the Association of Southeast Asian Nations (ASEAN) and highlyvalues the Ministry of Industry and Trade (MoIT)’s crucial role in the JointCommittee for Economic Cooperation, particularly as a bridge between businesses of both countries, he said. D’Arienzo, for her part, presented the SIMEST’s tasks and goals of supporting Italiancompanies in accessing new foreign markets through purposeful loans andactivities. She also reported a plan to open a SIMEST Representative Office inVietnam. On this occasion, Dien called on the Italian firms to investin Vietnam's apparel and leather footwear supporting industries in which Italyhas advantages in terms of technology and expertise to leverage the advantages brought about by theEVFTA. He further introduced the upcoming Vietnam InternationalSourcing 2024 events organised by the MoIT in Ho Chi Minh City from June 6-8 andinvited Italian enterprises and business associations to join in these events. The host also expressed the MoIT’s commitment to workingclosely with the embassy to foster the bilateral economic, trade, industrial andenergy ties. Italy is now the third largest trading partner of Vietnam inthe EU while and Vietnam stands as Italy's largest trading partner in ASEAN./.
The Vietnam-Italy Year 2023 wrapped up at a ceremony in Milan city held by the Vietnamese Embassy in Italy on February 2, both in online and in-person formats.
President Vo Van Thuong has signed Decision No. 99/2024/QD-CTN approving the agreement on mutual legal assistance in criminal matters between Vietnam and Italy.
Prime Minister Pham Minh Chinh hosted a reception in Hanoi on March 1 for Italian Minister of Agriculture, Food Sovereignty and Forestry Francesco Lollobrigida, calling for a further strengthening of bilateral ties, particularly in the agricultural sector.
The Vietnamese and Italian economies are complementary, with great potential for cooperation, with agriculture being a key area, said head of the Communist Party of Vietnam (CPV) Central Committee’s Commission for External Relations Le Hoai Trung.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
Vietnamese Minister of Industry and Trade Nguyen Hong Dien (middle) at the event. (Photo: VNA) 
