The Italian Technologies for Vietnam's Industry Smart and Circular Economy

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Italian Prime Minister, Giuseppe Conte, highlights the tremendous partnership opportunities for businesses from the two countries 

Hanoi, (5th June)Today the Italian Trade Agency (ITA) in cooperation with the Embassy of Italy in Hanoi organized a workshop to promote and develop new opportunities of trade, investment and technological collaboration between Italy and Vietnam as a partnership towards innovation and sustainability. H.E. Mr. Giuseppe Conte, the Prime Minister of Italy attended the event.

The workshop was attended by many representatives of leading Italian companies and manufacturing associations in a number of fields: machine tools, robot and industrial automation etc. In light of the Vietnamese Government’s current focus on high technology and environmentally friendly investment projects such as renewable energy, smart infrastructure and machinery, the workshop offered both countries and their firms a great chance to enhance cooperation in areas of importance to Vietnam and where Italy have great strengths traditionally.

The workshop included break-out sessions featuring the following key topics:

1. Industry 4.0 and Sustainable Technologies. Italian Machine Tools, Robot and Industrial Automation: Transforming to Innovative Manufacturing by Skills and Advanced Technology.

2. Solutions for Smart Cyber-secure & Sustainable Industry and Mobility.

3. Italy-Vietnam Marble Technological Training Center.

4. Sustainable Energy and Infrastructures.

Attending the workshop as part of his visit to Vietnam, H.E. Mr. Giuseppe Conte, Italian Prime Minister emphasized on the potential of collaboration between Italy and Vietnam. “We admire Vietnam’s GDP growth over the past few years, and I ‘ve agreed with Prime Minister Nguyen Xuan Phuc that we can improve our bilateral trade to reach USD 10 billion beyond 2020. Vietnam has a double advantage: it can be both a consumption market for, and a manufacturing partner of Italian companies in the age of Industry 4.0.” H.E. Mr. Giuseppe Conte said.

“At the moment, Vietnam is also aiming to lower manufacturing cost by using more high-technology and digitalization in the context of Industry 4.0. To this end, Italy has 800 technology research institutes, capable of supporting Vietnam to reach this goal” Mr. Carlo Ferro, President of Italian Trade Agency (ITA) remarked.

“Vietnamese business community is very keen on and leading the way to achieving sustainable development goals. Currently, Vietnam is being selective in attracting FDI, directing FDI projects to advanced technology fields, especially eco-friendly technology. Each year, Vietnam would need around USD 25 billion in infrastructure development alone but cannot use ODA investment as before, so Public-Private-Partnership is now a highly viable option.” said Mr. Vu Tien Loc, President of Vietnam Chamber of Commerce and Industry (VCCI).

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About the Italian Trade Commission in Vietnam:

The Italian Trade Commission (ITA) in Vietnam is a non-profit governmental organization with the purpose of helping Italian businesses and investors to find opportunities and invest in Vietnam.

The ITA’s office contributes to boost the globalization of Italian companies, in line with the strategy of the Italian Ministry of Economic Development. ITA provides information, supports and advise Italian and foreign businesses to cooperate and invest in each country.

Beside the headquarter in Rome, ITAalso operates a number of trade promotion office all over the world in association with Italian embassies and consulates, as well as in cooperation with local authorities and businesses.