Tuesday, June 25, 2019 3:12:11 PM - Markets open
VN-INDEX 960.13 -2.72/-0.28%
HNX-INDEX 104.15 -0.63/-0.60%
UPCOM-INDEX 55.20 +0.05/+0.09%
EVFTA to fuel Vietnam – Italy trade: workshop
VietnamPlus - 3/25/2019 3:03:30 PM
 (0 ratings. You must sign in to rate.)
A workshop held recently in Perugia, Italy, discussed opportunities for business investments between Vietnamese and Italian firms once the EU-Vietnam Free Trade Agreement (EVFTA) come into effect.
 
At the event, Trade Counsellor of the Vietnamese Embassy in Italy Nguyen Duc Thanh introduced Vietnam’s current situation of high economic growth, stable politics, abundant human resources, and open investment attraction policy.
 
Michele Fioroni, deputy mayor of Perugia, said Vietnam’s economic scale, features and strategic location in the Association of Southeast Asian Nations and in the region is drawing attention of Italian businesses. 
 
Advantages brought about by the EVFTA and Italian production strengths will give local companies numerous opportunities to exploit the Vietnamese market, he said, urging the group to speed up market studies, investment promotion and product advertisement to capitalize on such benefits.
 
Walter Cavrenghi, General Secretary of the Italy-Vietnam chamber of commerce, considered the EVFTA a win-win deal. 
 
The official said Italian investors came to Vietnam late compared to other European peers, and advised Italian firms to prioritise trade-investment promotion and cooperation with Vietnam’s small- and medium-sized enterprises.  
 
Alessandra Cursio, who oversees external relations at the chamber, said if signed, the pact will be the most ambitious and comprehensive FTA between the EU and a developing country. 
 
With 99 percent of tariff lines removed, Italy will benefit from exporting machines, leather, medicines, chemicals, garment-textile and food products to Vietnam, she added.
 
Concluding the workshop, participants, who included Italian enterprises eyeing the Vietnamese market, agreed on the importance of the EVFTA to both the bloc and Vietnam, hoping EU member countries to soon sign and ratify the pact.-VNA
 
Read original article here
 
Newer News
24/06 Vietnam, EU partnership prospects bright: German experts
23/06 VN exports should target West Asia: conference
21/06 Deputy PM updates RoK investors on Vietnam’s policies
19/06 Vietnam’s rubber exports drop in May
18/06 Philippine company eyes investment in Vietnam’s tea industry
17/06 Growing Chinese investment in Việt Nam: time to worry?
16/06 Denim production needs green growth
14/06 Vietnam, China step up cooperation in trade, agriculture, logistics
13/06 Large FDI inflows to make Việt Nam among APAC's fastest growing economies
13/06 Building material prices on the rise
Older News
22/03 A billion pairs of shoes exported
22/03 Huge potential for Vietnam, Laos to collaborate in cooperative economy
21/03 Seminar talks Vietnam’s economic growth model
20/03 Prime Minister welcomes Hong Kong investors
20/03 Vietnamese brands make global mark
20/03 Seafood expo bolsters Vietnamese exports to US market
18/03 RoK steel companies eye investment in Vietnam
15/03 Government may withdraw environmental tax hike proposal
15/03 Textile-garment exports aim for 40 billion USD
14/03 VN seeks new ways to attract private funds for infrastructure projects
 
Newsletter Signup
Top Stories
Fed future plan on rate cuts lift VN stocks
Reference exchange rate up by 5 VND on June 18
Government to crack down on trade fraud
Reference exchange rate adjusted up by 8 VND on June 6
VAMC to reclaim US$2.13 billion in bad debts
Market Update
Last updated at 3:09:44 PM
VN-INDEX 960.13 -2.72/-0.28%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.