Italian businesses expect to invest more in Vietnam

According to the latest survey results from HSBC Navigator, many foreign businesses, especially European ones, are interested and want to invest in Vietnam because of attractive policies from the optimistic economic outlook. , competitive labor prices and developed infrastructure system.

With the advantage of forming the industrial area specialized and high-tech industrial park, Hanoi is the destination of G7 enterprises, especially Italy. The conference to connect key industrial manufacturing enterprises in Hanoi and Italian enterprises on the evening of June 7 is expected to enhance the effectiveness of cooperation between the two sides.

Italian businesses expect to invest more in Vietnam. Illustration.

According to information from the Italian Business Association in Vietnam, currently there are about 100 enterprises in different fields such as green energy, mechanical engineering, finance, etc., operating in Vietnam. With the advantage of the EVFTA Free Trade Agreement between Vietnam and the European Union (EU), Italian businesses as well as key manufacturing enterprises in Hanoi expect to have more opportunities to expand cooperation. in the fields of agriculture, education as well as export promotion to the Italian market as well as Vietnam in the coming time.

Mr. Michele D’ercore – President of the Italian Chamber of Commerce in Vietnam (ICHAM) said: “We focus on clean energy, high-tech agriculture in Vietnam, in addition to main mechanical engineering. We highly appreciate the Vietnamese market in Southeast Asia because GDP growth remains positive during the two years of the pandemic. cooperation because we know the quality of these products has met EU standards”.

According to the representative of Hanoi Department of Industry and Trade, exports to the Italian market reached 230 million USD, accounting for only 1.4% of Hanoi’s total export turnover in 2021. Key businesses in the area still have a lot of potential to meet orders to this market.

Key manufacturing enterprises in the area are also having solutions to cooperate in production, participate in production, supply and distribution chains with Italian enterprises and multinational corporations in the world. .

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