The fifth meeting of a joint committee on economic cooperation between the Vietnamese Ministry of Industry and Trade (MoIT) and the Italian Ministry of Economic Development took place in Rome on December 4.
Rome (VNA) – Thefifth meeting of a joint committee on economic cooperation between theVietnamese Ministry of Industry and Trade (MoIT) and the Italian Ministry ofEconomic Development took place in Rome on December 4.
The annual event wasco-hosted by Vietnamese Deputy Minister of Industry and Trade Hoang Quoc Vuongand Italian Under-Secretary of State for Economic Development Michele Geraci.
The two sides agreed that whileVietnam-Italy economic and trade ties have progressed well in recent years, theystill fall short of their potential.
In the first 10 months of2018, Italy – with 90 valid projects worth over 388 million USD – was ranked 31stamong the 129 countries and territories investing in Vietnam. Italian investorsinjected their capital into 12 out of the 21 sectors that receive foreign fundsin Vietnam.
The sides raised measures forimproved cooperation in several spheres, including footwear, garment-textile,renewable energy-electricity, farming produce-food processing,science-technology, and tourism.
The meeting was rounded offwith the signing of its minutes. Both sides agreed to hold the sixth meeting inVietnam next year.
As part the meeting, on themorning of the same day, the MoIT delegation and the Italian centre for agro-fisheryproduct distribution (CAR) held an agricultural cooperation conference. It wasan occasion for participating Vietnamese businesses to learn about Italiandistribution systems for agro-fishery products, as well as the standards setfor goods to be imported to Italy and the EU. They also gained experience fromItaly’s development and management of wholesale markets.
The conference saw the CARand Vietnam’s Proton company sign a memorandum of understanding on future cooperation.–VNA
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At the event (Source: VNA) 
