Vietnamese Ambassador to Italy Duong Hai Hung (sixth from left) and other participants at the conference (Photo: VNA)
Rome (VNA) – Vietnamese Ambassador to Italy Duong Hai Hung has pointedout five reasons that Italian enterprises should invest and do business in Vietnam.
Speaking at a conference on Vietnam-Italy economiccooperation in Pisa, Italy, on July 5, Hung said that theVietnamese economy is dynamic; its integration extensive; its reformsand development priorities impressive; the Italian Government supportive to businesses, especially small- and medium-sized ones, in terms of capital in promoting “Made inVietnam” products; and mutual understanding between the twopeoples strengthened.
Vietnam is Italy’s largest tradepartner in ASEAN, while the latter is the former’s fourth biggest trader in theEuropean Union. Two-way trade set a record high in 2021, hitting 5.6 billionUSD, up 20% year-on-year. At present, over 110 Italian companies are investingin 18 Vietnamese provinces and cities. The Italian Government has recentlylisted Vietnam among the 20 prioritised countries for trade and investmentpromotion.
The diplomat expressed his belief that the conference is anopportunity to exchange information and will be a start for new cooperationprojects between Tuscany region and Vietnam. He committed to accompanying thetwo countries’ localities, industry federations, chambers of commerce andbusinesses to enhance this potential bilateral cooperation.
Franco Domicini, a representative of Segis company whichhas a factory in Vietnam, shared with participants Segis Vietnam’s successeswhen its furniture items that won many design awards from the IndustrialDesign Association in Italy (Compasso D'oro), have been exported to Italy,Europe and the US in the past 10 years.
On the sidelines of the event, Ambassador Hung met directorof Pisa city’s department for trade and production Paolo Pisciatini, Mayor of Pontederatown Matteo Franconi, Chairwoman of the General Confederation of ItalianIndustry (Confindustria) in Pisa Patrizia Alma Pacini, and Chairman of the North-WestTuscan Chamber of Commerce Valter Tamburini.
On this occasion, the Vietnamese diplomat also visited Piagio’sfactory in Pontedera town, appreciating its operation in Vietnam as well as itscontributions to the two countries’ relations./.
Vietnam and Italy convened the 7th meeting of the Joint Commission on Economic Cooperation in Hanoi on June 7, during which the two sides discussed various aspects of the bilateral economic partnership.
Deputy Minister of Foreign Affairs Ha Kim Ngoc and Italian Deputy Minister of Foreign Affairs and International Cooperation Manlio Di Stefano on June 8 co-chaired the 4th political consultation within the framework of the two nations’ strategic partnership.
A painting exhibition by renowned Vietnamese artist Van Duong Thanh is underway in Italy’s Passignano sul Trasimeno town, offering visitors an insight into memories of her childhood on Vietnam.
Some media agencies in Italy highlighted Vietnam’s economic links with Europe and achievements in ensuring human rights when covering a recent tour of some European countries by National Assembly Chairman Vuong Dinh Hue.
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.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
Vietnamese Ambassador to Italy Duong Hai Hung (sixth from left) and other participants at the conference (Photo: VNA) 
