Investment chances in Vietnam, especially once the EU-Vietnam Free Trade Agreement (EVFTA) takes effect, were introduced to Italian entrepreneurs at a workshop in Rome on November 9.
President of the Italian Chamber of Commerce in Vietnam (ICHAM) Michele D’Ercole and ICHAM Executive Director Pham Hoang Hai informed local investors about Vietnam’s economy at present, including the positive economic growth and foreign investment attraction.
Participants were provided with concrete information about the fields Vietnam is prioritising while Italy holds strength in, along with cooperation prospects and investment chances once the EVFTA is ratified and comes into force. They were also given details of Vietnam’s investment attraction policies and procedures.
ICHAM President Michele D’Ercole told Vietnam News Agency that the Southeast Asian nation has enjoyed growth in both industrial products and foreign investment in recent years.
He noted compared to other ASEAN countries, Vietnam boasts many advantages to attract foreign direct investment, with political stability the biggest strength. While about 60% of its population are of working age, low labour cost is also a competitive edge of the country. Vietnam is stepping up training to improve its human resources quality to meet foreign investors’ demand. It is also promoting measures to enhance its competitiveness in different sectors like high technology and renewable energy.
Michele D’Ercole said Italy is very interested in the EVFTA, which will take effect in the near future. At that time, Italian firms will have a number of opportunities to cooperate with Vietnam in the fields they are strong at.
The reduction of tariffs to zero percent under this deal will facilitate bilateral trade. Italy can export numerous commodities to Vietnam such as machines, wood products, fabric and garment, and assist Vietnamese partners to manufacture many items like footwear, leather products, fabric and medical and chemical products. Italian companies can also make use of their scientific and technological strengths to help Vietnam develop some sectors, especially agriculture, he added.
Regarding measures to foster economic links, Trade Counsellor of the Vietnamese Embassy in Italy Nguyen Duc Thanh said the two countries set up the strategic partnership in 2013. They also established a joint economic committee to bolster bilateral cooperation and investment. Despite a continuous growth over the past year, their trade turnover has yet to fully reflect the potential of their businesses.
He suggested both sides increase mutual high-ranking visits to warm up the strategic partnership as well as relations between all-level authorities and sectors. They should also boost economic ties between their localities, for example the cooperation deal between Veneto region and Ba Ria – Vung Tau province or the one between some construction stone mining areas of Italy and Yen Bai province. Additionally, it is needed to tighten connections between the countries’ industries and businesses.
Italy is now the fourth biggest European economic partner of Vietnam. Bilateral trade approximated US$5 billion in 2017. With total capital of US$389 million, Italy ranks 31st among 126 countries and territories directly investing in the ASEAN nation.
From a property-market perspective, Do Thi Thu Giang, National Director of Valuation and Advisory at Savills Vietnam, said the orientations under Resolution No. 21-NQ/TW could make the market more transparent and efficient, with property values increasingly tied to actual development and use potential.
Chinese carmakers are putting new pressure on prices and technology while testing Vietnam’s ability to retain more value.
Science and technology, innovation, digital transformation and AI must be translated into higher productivity rather than pursued as ends in themselves. At the same time, people should be placed at the centre of development, not merely viewed as a resource but as the ultimate objective of development policies.
US retail giant Target is seeking Vietnamese suppliers of household goods, home textiles, children’s products, personal care and beauty products, with a focus on companies capable of manufacturing and developing products that meet requirements on quality, design and supply chain management.
The annual event, which will be held on August 18-19, 2026, at the ICE International Exhibition Centre, 91 Tran Hung Dao Street, Hanoi, is expected to attract around 324 delegates and feature 21 booths representing credit institutions, payment intermediary service providers, and technology companies.
Vietnam should give priority to areas where it has potential to build strengths, particularly manufacturing and packaging.
Vietnam has built a solid semiconductor and electronics industry before joining ITSI, attracting major US semiconductor companies. Intel Products Vietnam is one of Intel's largest assembly and testing facilities worldwide, while chip design companies such as Synopsys, Cadence, Marvell and Qualcomm have established engineering and research centres in the Southeast Asian country.
According to the Ministry of Construction, Vietnam has around 2,500 old apartment blocks and collective housing complexes built before 1994, covering about 3 million square metres of floor space, mainly in Hanoi and Ho Chi Minh City. Of these, around 196 have been classified as severely deteriorated and unsafe.
Durian exports reached nearly 1.1 billion USD in the first six months of 2026, up 32% year-on-year. The industry's strongest export season, however, is still ahead.
The country's agro-forestry-aquatic product exports reached nearly 42.8 billion USD in the January–July period, up 7.5% year-on-year and equivalent to almost 60% of the annual target of 74 billion USD.
During the first seven months of 2026, Vietnam attracted more than 38 billion USD in registered FDI, up nearly 58% year-on-year. More importantly, the increase was driven by large-scale, high-tech projects rather than a surge in the number of new investments, signalling a significant improvement in the quality of capital inflows.
Manufacturing and engineering posted the strongest recruitment growth, with hiring demand surging 70% year-on-year, driven by production expansion, supply chain restructuring and sustained investment inflows in high-tech manufacturing.
Vietnam's total import-export turnover reached 659.58 billion USD in the first seven months of 2026, up 28.1% year-on-year.
The projects in Phu Quoc have been implemented under tight deadlines. Since May 2025, the Prime Minister has directed preparations for APEC 2027, including accelerated infrastructure development on the special zone. An Giang province and investors have subsequently launched a number of major projects involving complex technical requirements and demanding construction schedules.
The NSO also reported that realised FDI reached an estimated 15.2 billion USD during the January-July period, an increase of 11.8% from a year earlier and the highest seven-month disbursement recorded over the past five years.
Household deposits at banks reached a new high of 10.8 quadrillion VND (414 billion USD) at the end of May, up more than 108 trillion VND from April and increasing by 4.76% from the beginning of the year, equivalent to nearly 492 trillion VND.
The plan seeks to develop a balanced and modern financial market that is closely integrated with regional and global markets, strengthens the mobilisation and allocation of domestic and foreign capital, and enhances the market’s role as a key provider of medium- and long-term capital for the economy and as a major driver of sustained high economic growth.
Under the province's master plan for 2021–2030 with a vision to 2050, An Giang will prioritise investment in five strategic sectors: strategic infrastructure; processing industries and clean energy; trade, services, logistics and border-gate economy; high-quality tourism; and high-tech agriculture, ecological development and the circular economy.
According to the VCCI, these measures are not only necessary for managing potential risks arising from US trade actions but also crucial to enhancing competitiveness and meeting growing international expectations on compliance, product origin, quality and transparency.
Businesses say the biggest obstacle to reducing emissions and transforming production models remains the lack of financial resources needed to upgrade technologies, modernise production lines and build governance systems that comply with global sustainability standards.