Vietnam and Italy still have many opportunities to cooperate in the field of textiles and garments

The conference was organized by the Italian National Credit Fund (CDP) in collaboration with the Italian Chamber of Commerce in Vietnam (ICHAM) under the sponsorship of the Italian Embassy in Vietnam. The event gathered more than 100 Vietnamese and Italian businesses to attend.

Italy is known as a country with advanced textile technology and high product quality, while Vietnam is a country with advantages in abundant labor resources, competitive costs and a spirit of continuous innovation. The potential for cooperation between the two countries is huge, but businesses from both sides also face many challenges such as differences in business culture, quality requirements and strict international standards. The seminar provided insight into opportunities and challenges, helping businesses of the two countries find effective and sustainable cooperation solutions.

Speaking at the opening of the conference, Mr. Marco Della Seta - Ambassador Extraordinary and Plenipotentiary of Italy in Vietnam - emphasized: Textile and garment is one of the areas of strategic cooperation between Vietnam and Italy, making an important contribution to the economy. bilateral trade quota. In 2023, Italy's textile and garment export value to Vietnam reached 309 million USD (accounting for 17,3% of Italy's total exports), while imports from Vietnam amounted to 335 million USD. The two sides continuously have initiatives and cooperation projects to transfer technology and standardize production, especially in the aspect of sustainable production to protect the environment.

Mr. Laurent Franciosi - Head of International Market Development, CDP, shared: CDP always actively supports cooperation between businesses of both sides. From October 10, the CDP Business Matching online business connection platform will be added in Vietnamese language, with the goal of bringing the platform closer to Vietnamese businesses and promoting exchange and interaction between the Vietnamese market. and Italy.

In the speech representing the Vietnam Confederation of Commerce and Industry (VCCI), Ms. Tran Thi Lan Anh - General Secretary of VCCI, informed: The cooperative relationship between Vietnam and Italy in recent years has had many beginnings. sharp. Currently, Italy is Vietnam's fourth largest trading partner in the EU and Vietnam is Italy's largest trading partner in ASEAN. The EU's introduction of the textile and garment circular and sustainable development strategy, as well as the "fabric forward" rule in the Vietnam-EU Free Trade Agreement, requires Vietnamese textile and garment enterprises to It is necessary to master new regulations and information, at the same time equip more technology and constantly improve quality to meet export requirements in this market.

Affirming that the business environment in Vietnam is very favorable for Italian businesses to invest in production and business, Mr. Andrea Galante - Chairman of Madex Company, said that: Vietnam has many favorable conditions for business development. , which can be mentioned as stable institutions, smooth customs processes, transparent and reliable supply chains, flexible workforce with high productivity, competitive product quality... "Currently Madex is the only Italian garment company with a factory in Vietnam and with support activities from credit and technical support organizations, it is hoped that more Italian textile and garment companies will set up factories. in Viet Nam”, Mr. Andrea Galante said.

Similarly, Ms. Sara Pelizzoli - Representative of Hung Yen Textile and Dyeing Company, also expressed: The company is proud to inherit high-end Italian textile techniques and strict standards for circular textiles and garment development. sustainable development. This is the development direction for Vietnamese textile and garment enterprises if they want to enter the international market.

It is known that Italy and Vietnam currently have a number of cooperation programs in the field of textiles and garments. In particular, the CDP Business Matching trade connection platform launched in October 10 currently has more than 2023 Vietnamese businesses participating in this free platform. CDP will continue to have active activities to promote Vietnam - Italy trade, and will organize business meetings in the textile and garment sector between the two countries in the near future.

At the same time, a number of organizations such as CDP, the Italian Association of Textile Machinery Manufacturers (ACIMIT), and SACE Export Credit Support Group are present and preparing to be present in Vietnam and will provide significant support. credit for textile and garment enterprises of both sides to cooperate, expand production and develop markets, working towards the goal of green and sustainable growth.

Source: Vietnam.vn