The fifth meeting of a joint committee on economic cooperation between the Vietnamese Ministry of Industry and Trade (MoIT) and the Italian Ministry of Economic Development took place in Rome on December 4.
At the event (Source: VNA)
The annual event was
co-hosted by Vietnamese Deputy Minister of Industry and Trade Hoang Quoc Vuong
and Italian Under-Secretary of State for Economic Development Michele Geraci.
The two sides agreed that while Vietnam-Italy economic and trade ties have
progressed well in recent years, they still fall short of their potential.
In the first 10 months of 2018, Italy – with 90 valid projects worth over 388
million USD – was ranked 31st among the 129 countries and territories investing
in Vietnam. Italian investors injected their capital into 12 out of the 21
sectors that receive foreign funds in Vietnam.
The sides raised measures for improved cooperation in several spheres,
including footwear, garment-textile, renewable energy-electricity, farming
produce-food processing, science-technology, and tourism.
The meeting was rounded off with the signing of its minutes. Both sides agreed
to hold the sixth meeting in Vietnam next year.
As part the meeting, on the morning of the same day, the MoIT delegation and
the Italian centre for agro-fishery product distribution (CAR) held an
agricultural cooperation conference. It was an occasion for participating
Vietnamese businesses to learn about Italian distribution systems for
agro-fishery products, as well as the standards set for goods to be imported to
Italy and the EU. They also gained experience from Italy’s development and
management of wholesale markets.
The conference saw the CAR and Vietnam’s Proton company sign a memorandum of
understanding on future cooperation.
Source: VNA
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