Vietnam recommends investment opportunities to Italian businesses

Paolo Odone, Chairman of Genova Chamber of Commerce, said the 80,000- member chamber wants to boost trade ties with foreign markets, especially Vietnam. They look forwards for basic information about Vietnam’s market from Vietnamese representative agencies in Italy.

Ambassador to Italy Cao Chinh Thien appreciated Italian businesses’ proposals and underscored that the two sides should pay more attention to boosting investment cooperation on par with fine bilateral relations.

Through Vietnam, Italian businesses will be able to expand investment to other ASEAN member countries, Thien noted.

Mauro Cotogno, President of Italy-Vietnam Friendship Association branch in Liguria, said the double taxation avoidance agreement between Italy and Vietnam and the EU-Vietnam Free Trade Agreement (EVFTA) will bring about investment opportunities for Italian businesses.

Reality has shown that many Italian firms are successfully running business in Vietnam after only one market research, Mr Cotogno said.

Trade counsellor Bui Vuong Anh answered in detail all questions of Italian businesses on Vietnam’s tax policies, intellectual property rights and human resources.

Paolo Odone’s initiative on a Vietnam study tour of Italian businesses was highly appreciated.

A group of businesses in northern and north-western Italy will visit Vietnam to seek investment opportunities late this year.