Hanoi bolsters joint venture between local and Italian enterprises

Jun 8th at 15:07
08-06-2022 15:07:32+07:00

Hanoi bolsters joint venture between local and Italian enterprises

Hanoi facilitates exchange and cooperation between local companies and their Italian peers to promote trade, import and export activities, and market development.

Hanoi wants to strengthen cooperation between the Hanoi Association of Major Industrial Products (HAMI) and the Italian Chamber of Commerce (ICHAM) in Vietnam this year and next.

The signing ceremony between the HAMI and ICHAM. Photo: kinhtedothi.vn

Nguyen Manh Quyen, vice chairman of the Hanoi People's Committee, expressed his wish at the business matchmaking conference held for Hanoi and Italian companies on June 7.

He assessed this conference as a practical activity, creating conditions for Hanoi’s enterprises to offer key industrial products and cooperate with Italian peers to promote trade, import-export activities, and market development.

At the event, representatives from the HAMI and ICHAM signed a Memorandum of Understanding on cooperation between the two associations to connect, exchange information, and introduce products and services to each other.

Delegates attending the conference put forth their potentials, strengths, and cooperation needs.

Quyen said these activities are aimed at contributing to boosting economic cooperation between Hanoi and Italy's regions, as well as presenting and promoting the image, culture, and people of Hanoi to the Mediterranean country.

Speaking at the conference, Manlio Di Stefano, Deputy Minister of Foreign Affairs and International Cooperation of the Italian Republic said, in recent years, the ICHAM has built a network of nearly 100 members in different fields, which are spread over many provinces in Vietnam.

Among the leading members of ICHAM are Italian foreign-invested enterprises (FIEs) such as ENI (petroleum), ENEL Green Power (green energy), Piaggio Vietnam (engineering, motorcycles), Ariston Thermo Vietnam (heating and energy equipment), HYKD (stretch fabric for sports and swimwear), Datalogic (barcode reader, sensor and mobile), and Bonfiglioli (actuator and control system).

According to the Hanoi Department of Industry and Trade, by the end of 2021, the city recognized 117 products from 81 enterprises as the city’s key industrial products.

Among these businesses, there are ten in the high-tech industry, 20 in the field of electrical electronics, 32 in mechanical engineering and other industries, five in food, six in handicraft production, and 25 TOP 500 leading enterprises of Vietnam.

In 2021, revenue from the enterprises manufacturing key industrial products stood at nearly VND200 trillion (US$8.6 billion), with an export turnover of nearly $2 billion.

Hanoi Times





RELATED STOCK CODE (1)

NEWS SAME CATEGORY

Higher coverage helps SMEs recover faster

The Law on Support for Small- and Medium-sized Enterprises (SME) took effect on January 1, 2018, but its programmes have not provided adequate coverage to make any...

VN aims to attract half of Fortune Global 500 by 2030

Viet Nam wants to attract up to 50 per cent of the Fortune-listed 500 global largest corporations in the future, according to a governmental decree recently signed...

Proposed minimum wage insufficient to make ends meet: insiders

As the Ministry of Labour, Invalids and Social Affairs has been gathering comments on a draft on the minimum wage, insiders say the proposed wages are insufficient...

Vietnam – South Korea relations take great stride after 30 years: Expert

Economic cooperation has been a highlight of Vietnam-South Korea relations, with trade turnover rising by 150-fold to approach the US$100-billion target set for...

Rising interest rate no solution for inflation

At the World Economic Forum in Davos in May 2022, Professor Joseph Eugene Stiglitz, the American economist and public policy analyst, told Bloomberg that the rising...

Vietnam commits to maintaining open economic policy: PM

An open policy would keep the country's economic stability amid growing global uncertainties.

Viet Nam's new project investment abroad doubles in five months

Vietnamese enterprises pumped nearly $340 million of total investment into new and supplemental capital ventures abroad in the first five months, down 38 per cent...

Viet Nam to develop ‘independent and self-reliant economy’: PM

Viet Nam will need to optimise its internal resources to build an ‘independent and self-reliant economy’ while maintaining international economic cooperation to...

First offline trade meeting between Vietnamese and Ulsan enterprises set for June

A direct trade meeting to seek business partners between enterprises from Ulsan of the Republic of Korea (RoK) and Vietnamese firms will be held on June 9 in Ha Noi...

Vietnam must strengthen economic autonomy

The lengthy period of the Covid-19 pandemic and the sudden Russia-Ukraine conflict has led to the development of policies and decisions that may not be entirely...


MOST READ


Back To Top