Visiting Italian President Sergio Mattarella emphasised the important roles of businesses, associations and universities in materialising reforms and innovations, and strengthening cooperation between Italy and Vietnam.He addressed the Vietnam-Italy Strategic Dialogue in Ho Chi Minh City on November 8th. Deputy Prime Minister Vu Van Ninh, and ministry and university representatives and businesspeople from the two countries attended the event.President Mattarella said Vietnam has made strong commitments to modernising and liberalising trade, investment, the banking system and the real estate sector.Vietnam and Italy could improve the efficiency of international integration as part of efforts to deepen their cooperation, he said, advising them to utilise current potential and create new opportunities with foresight.He noted that similarities in small and medium-sized enterprises’ structure and difficulties caused by globalisation could help connect the two economies.According to Mattarella, successful Italian businesses will act as spokesmen for Italy’s cooperative models and cooperation commitments in Vietnam.For his part, Deputy Prime Minister Ninh said that despite global economic setbacks, Italy’s trade with Vietnam rose 15 percent last year, making the country its fourth largest EU trading partner. The countries’ two-way trade hit USD4 billion in 2014, a 17-percent increase from 2013.Investments from the European country, however, remain modest. By the end of 2014, it ranked ninth in the EU bloc and 28th among foreign investors in Vietnam, Ninh said.He noted that the time was ripe for both to elevate their economic connections. He suggested they hold frequent discussions on related measures and facilitating links between small- and medium-sized businesses, as well as those from regions and localities for cooperation in Italy’s strengths of infrastructure, transport, energy, manufacturing and processing.
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