Many Italian firms consider Vietnam ideal market for investment

There are numerous optimal factors for foreign businesses, including Italian ones, to do business in Vietnam, said Stefano Balsamo, founder of the Diplomatia association and Vice Chairman of J.P. Morgan in Italy.

He made the remark at a workshop on sustainable investment in Vietnam held by the Diplomatia association and the Vietnamese Embassy in Rome on April 12.

Balsamo said he had visited Vietnam and was impressed with the hospitality and friendliness of local people. It is also noteworthy that Vietnamese people’s consumption is growing.

many italian firms consider vietnam ideal market for investment hinh 0
The workshop on investment in Vietnam was held by the Diplomatia association and the Vietnamese Embassy in Italy on April 12

Sharing his firm’s experience in Vietnam, Vice Chairman at Piaggio & C. SpA Matteo Colaninno said in 2008, thanks to the Vietnamese administration’s provision of favourable conditions, all necessary procedures for Piaggio’s production activities were handled quickly. The company’s production scale expanded and its products made in Vietnam were exported to other countries in 2009.

Vietnam is open to foreign direct investment and able to solve administrative procedures swiftly, he noted, adding that it is a young and dynamic country with an abundant workforce and high growth rate.

He said for Piaggio, Vietnam is an ideal investment market and also a bridge for the company’s products to access other Southeast Asian and Asian markets.

For his part, Vietnamese Ambassador to Italy Cao Chinh Thien briefed participants on Vietnam’s economy and policies for foreign investors, noting that the country is an emerging Asian market which has a population of more than 93 million with increasing middle class and an average economic growth rate exceeding 6% annually over the last 10 years.

The local business environment has improved and is highly valued by the international community. The World Economic Forum ranked Vietnam’s competitiveness 55th among 137 economies, up five places. The country also climbed 14 places to 68th position among 190 countries and territories in the World Bank’s competitiveness rankings.

Thien said his country is also a gateway to access the vast ASEAN market with more than 600 million people.

Vietnam-Italy relations have been flourishing, especially since they signed a joint statement on a strategic partnership in January 2013. Italy is one of the biggest European trade partners of Vietnam while Vietnam is the top ASEAN trade partner of Italy. Bilateral trade approximated US$5 billion in the last three years. However, cooperation potential remains huge considering the scale of the two economies and purchasing power.

An important thing is that the two economies do not compete but are complementary to each other, he said, noting that once the EU-Vietnam Free Trade Agreement takes effect, it will help both economies. These factors are optimum conditions for the two countries’ businesses to enhance investment and business partnerships.

The Vietnamese Government is implementing policies to improve national competitiveness, restructure the economy and change the growth model with a focus on restructuring public investment, State-owned enterprises and the finance-banking system. It encourages sustainable and responsible investment, especially in high technology, environmentally friendly industries and smart agriculture.

Ambassador Thien affirmed that the Vietnamese Embassy in Italy is ready to assist Italian investors to do business in Vietnam.

VNA

Other News

Data-driven land valuation to curb speculation: Experts

Data-driven land valuation to curb speculation: Experts

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.

Resolution No. 19-NQ/TW sets new growth drivers for Vietnam

Resolution No. 19-NQ/TW sets new growth drivers for Vietnam

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.

Expo to open door for Vietnamese suppliers to enter US market

Expo to open door for Vietnamese suppliers to enter US market

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.

2026 Banking Sector Digital Transformation to open in Hanoi

2026 Banking Sector Digital Transformation to open in Hanoi

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 – one of most attractive destinations for leading US semiconductor companies: expert

Vietnam – one of most attractive destinations for leading US semiconductor companies: expert

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.

Vietnam targets higher-quality FDI under Resolution 10

Vietnam targets higher-quality FDI under Resolution 10

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, engineering drive hiring growth in H1: report

Manufacturing, engineering drive hiring growth in H1: report

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.

Government proposes special mechanisms to unblock APEC 2027 projects in Phu Quoc

Government proposes special mechanisms to unblock APEC 2027 projects in Phu Quoc

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.

Financial market reform plan targets high, sustained growth through 2045

Financial market reform plan targets high, sustained growth through 2045

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.

An Giang aims to become leading maritime economic hub

An Giang aims to become leading maritime economic hub

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.