Home / Knowledge / News / Apparel/Garments / Vietnam woos Italians for industrial investments
Vietnam woos Italians for industrial investments
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 Oct 2016

Cotton yield to increase to 568.29 kg/ha in 2016-17: CAB

At its first meeting for the cotton season 2016-17, the Cotton...

Apparel/Garments | On 25th Oct 2016

US most sought after market for UK retailers: Global-e

A majority of the retailers in the UK consider US to be their most...

Courtesy: Fila Korea

Textiles | On 25th Oct 2016

Fila Korea to set up R&D centre in China

Leading apparel brand Fila Korea is planning to establish an apparel...

Interviews View All

Smita Murarka

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search