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

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Apparel/Garments | On 25th May 2017

Guess records $458.6 million revenue for Q1 2018

For the first quarter of fiscal 2018, the net revenue of American...

Interviews View All

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Silke Brand-Kirsch
Schlegel und Partner

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Sanjukta Dutta
Sanjukta's Studio

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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