Vietnam and Italy still have many opportunities for cooperation in the textile and garment sector.

At the workshop "ITALY MEETS VIETNAM: Connecting Textiles and Garments" held on the afternoon of June 27, the speakers agreed that there are still many opportunities for cooperation between the textile and garment industries of Vietnam and Italy. The workshop was organized by the Italian National Credit Fund (CDP) in collaboration with the Italian Chamber of Commerce in Vietnam (ICHAM) under the auspices of the Embassy of Italy in Vietnam. The event attracted more than 100 Vietnamese and Italian enterprises.

The workshop "ITALY MEETS VIETNAM: Connecting Textiles and Garments" took place on the afternoon of June 27.

Italy is known as a country with advanced textile technology and high quality products, 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, however, businesses on both sides also face many challenges such as differences in business culture, quality requirements and strict international standards. The workshop provided insight into opportunities and challenges, helping businesses of the two countries find effective and sustainable cooperation solutions. In his opening speech at the workshop, Mr. Marco Della Seta - Ambassador Extraordinary and Plenipotentiary of Italy to Vietnam - emphasized: Textiles and garments are one of the strategic cooperation areas between Vietnam and Italy, making an important contribution to bilateral trade turnover. In 2023, the value of Italy's textile and garment exports to Vietnam reached 309 million USD (accounting for 17.3% of Italy's total exports), while imports from Vietnam reached 335 million USD. The two sides continuously have initiatives and cooperation projects to transfer technology, standardize production, especially in the aspect of sustainable production to protect the environment.

Mr. Marco Della Seta - Ambassador Extraordinary and Plenipotentiary of Italy to Vietnam.

Mr. Laurent Franciosi - Head of International Market Development, CDP, shared: CDP always actively supports cooperation between businesses of the two sides. From October 2023, the online business connection platform CDP Business Matching has added Vietnamese language, with the goal of bringing the platform closer to Vietnamese businesses and promoting exchanges and interactions between the Vietnamese and Italian markets. In her speech representing the Vietnam Federation of Commerce and Industry (VCCI), Ms. Tran Thi Lan Anh - General Secretary of VCCI, informed: The cooperative relationship between Vietnam and Italy has improved in recent years. 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 launch of the Sustainable Development and Circular Textile Strategy, as well as the "fabric forward" rule in the Vietnam - EU Free Trade Agreement, requires Vietnamese textile and garment enterprises to master new regulations and information, while equipping themselves with technology and constantly improving quality to meet export requirements to this market.

Ms. Tran Thi Lan Anh - General Secretary of VCCI

Affirming that the business environment in Vietnam is very favorable for Italian enterprises to invest in production and business, Mr. Andrea Galante - Chairman of Madex Company, said: Vietnam has many favorable conditions for business development, such as stable institutions, smooth customs procedures, 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, we hope that more Italian textile and garment companies will set up factories in Vietnam ", said Mr. Andrea Galante. Similarly, Ms. Sara Pelizzoli - Representative of Hung Yen Textile and Dyeing Company, also expressed: The company is proud to inherit Italy's advanced textile and garment techniques as well as strict standards on circular textile and 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 textile and garment sector. In particular, the CDP Business Matching trade connection platform, launched in October 2023, currently has more than 100 Vietnamese enterprises participating in this free platform. CDP will continue to actively promote Vietnam - Italy trade, and will organize meetings between businesses in the textile and garment sector between the two countries in the coming time. At the same time, a number of organizations such as CDP, the Association of Italian Textile Machinery Manufacturers (ACIMIT), and the SACE Export Credit Support Group are currently present and preparing to be present in Vietnam, which will provide significant credit support for textile and garment enterprises of both sides to cooperate, expand production and develop the market, together aiming for green and sustainable growth. Source: https://congthuong.vn/viet-nam-va-italia-con-nhieu-co-hoi-hop-tac-trong-linh-vuc-det-may-328662.html