Home / Knowledge / News / Apparel/Garments / Vietnam woos Italians for industrial investments
Vietnam woos Italians for industrial investments
09
Jun '15
Courtesy: Nhandan/VN+
Courtesy: Nhandan/VN+
Vietnam is going full steam to boost its economy. After the recent decision to establish joint chamber of commerce with Germany, Vietnam has turned its attention to Italy.

Italian enterprises in the garment, leather and footwear, wood and automated machine sectors were introduced to investment opportunities in Vietnam at a recent workshop held by the trade office of the Vietnamese embassy in Italy, a leading Vietnamese newspaper has reported.

Trade counselor Bui Vuong Anh highlighted the potential for economic co-operation between the two countries, especially as Vietnam has recently signed free trade agreements (FTA) with South Korea and the Eurasia Economic Union (EEU) and is looking to finalise negotiations for a FTA with the EU in the near future.

Italy’s business associations expressed their deep interest in co-operation opportunities with Vietnam and proposed specific co-operative contents. Notably, they showed their willingness to work together with Vietnam in transferring technologies in the four-abovementioned fields, the report said.

The workshop was part of efforts to boost economic collaboration, aiming to create favourable conditions for business co-operation between the two countries’ enterprises, particularly as Vietnam and Italy have been reaping strong growth in bilateral economic ties, Bui Vuong Anh said.

Italy’s well-known firms including Italy-ENI, Piaggio, Ariston, Gattonini, Bonfiglioli, Datalogic and Mapei, considered Vietnam a strategic partner and a suitable destination for expanding the market in the Asia-Pacific region, as well as a potential market with a young population of 90 million people and a growing consumption demand, Anh added. (SH)

Fibre2fashion News Desk – India


Must ReadView All

Courtesy: ABARES

Textiles | On 13th Dec 2017

Australian cotton production to grow 4% in 2017-18: ABARES

Cotton production in Australia is forecast to rise by 4 per cent to...

Global economy now growing by about 3%: UN

Textiles | On 13th Dec 2017

Global economy now growing by about 3%: UN

There is an upturn in the global economy, and it is now growing by...

Clothing prices rise 3% in November in UK market

Apparel/Garments | On 13th Dec 2017

Clothing prices rise 3% in November in UK market

As post-Brexit referendum currency adjustment continues, prices of...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search