80TH Anniversary August Revolution and National Day
Log in
Econ

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.

Reactions:
Share:
Trending
Most Viewed
Related news
Real estate firms sell bonds worth $402 million in May

Real estate firms sell bonds worth $402 million in May

Real estate companies have raised $862 million from bond issuance in April and May, thanks to an improved business environment and better access to funding.

Vietnam unveils new strategies to boost domestic market, aid businesses

Vietnam unveils new strategies to boost domestic market, aid businesses

As global trade uncertainties grow, Vietnam sees the domestic market not only as a key consumption driver but also a “lifeline” for businesses hit by protectionist export barriers.

Vietnam eyes US tilapia export boost as global supply falls

Vietnam eyes US tilapia export boost as global supply falls

Vietnam aims to increase tilapia output to 400,000 tons by 2030, making it the second-largest freshwater export species after pangasius.

Vietnam’s enterprises must act fast to weather US tariff shock: Experts 

Vietnam’s enterprises must act fast to weather US tariff shock: Experts 

Many of the key Vietnamese exports, such as wood products, electronics, and textiles, that are not on the US exclusion list could face steep tariffs.

Vietnam's mobile money pilot program extended to end of 2025

Vietnam's mobile money pilot program extended to end of 2025

Mobile Money, launched by the Ministry of Science and Technology, differs from e-wallets by linking users’ payment accounts directly to mobile phone numbers.

Vietnam taps innovation, global ties to elevate national brand

Vietnam taps innovation, global ties to elevate national brand

Vietnam is intensifying efforts to enhance its national brand, leveraging innovation, global partnerships, and strategic policies to bolster its global competitiveness and market presence.

Vietnam extends US$3.9 billion loan package for agro-forestry-fisheries

Vietnam extends US$3.9 billion loan package for agro-forestry-fisheries

The government has expanded the scope and scale of the credit program for the sectors which brought about US$62.4 billion worth of exports in 2024.

Vietnamese public shows rising satisfaction in 2024 PAPI survey

Vietnamese public shows rising satisfaction in 2024 PAPI survey

The 2024 PAPI survey found increasing citizen satisfaction with governance, but highlighted persistent administrative challenges, climate vulnerability, and gaps in access to public services.