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Official Gazette

Thursday, September 19, 2019

Vietnam treasures partnership with Italy: PM

Updated: 10:46’ - 06/06/2019
Prime Minister Nguyen Xuan Phuc has said that Vietnam treasures its multifaceted partnership with Italy, an important member of the European Union (EU). 

Prime Minister Nguyen Xuan Phuc welcomes his Italian counterpart Giuseppe Conte in Hanoi on June 5__Photo: VNA
 
He made the statement during talks with his Italian counterpart Giuseppe Conte in Hanoi on June 5, following a welcome ceremony in the morning.

The Vietnamese PM welcomed the Italian leader for his two-day visit, which comes after the two countries celebrated the 45th anniversary of diplomatic ties and the fifth anniversary of their strategic partnership last year.

PM Conte lauded Vietnam’s dynamic development and rising position in the regional and global arena with the successful organization of important international events.

He said the Italian government wants to further reinforce its relationship with Vietnam, and considers the country a leading partner in Southeast Asia, as evidenced by the selection of Vietnam as the venue for the third High-Level Dialogue on ASEAN - Italy Economic Relations.

The two PMs agreed Vietnam-Italy ties have thrived in many different areas since the establishment of the strategic partnership in January 2013.

They vowed to continue facilitating visits at all levels and enhance joint work across politics, diplomacy, economy, culture, education and training, science-technology, national defense-security, sustainable development, climate change response and locality-to-locality connectivity. They will also strengthen existing cooperation mechanisms such as strategic dialogues at deputy foreign ministerial and deputy defense ministerial levels and the Vietnam–Italy Joint Committee for Economic Cooperation.

Noting that Vietnam is Italy’s largest trade partner in ASEAN, the PMs promised to make it easier for the two nations’ firms to collaborate in fields of Italy's strengths and Vietnam's demands. These include mechanical engineering, infrastructure, textiles and garments, footwear, wood processing, support industry, construction materials, oil and gas, renewable energy and food processing.

Both sides expressed their determination to raise annual two-way trade from the current level of nearly US$5 billion to $6 billion by 2020 and $10 billion in subsequent years.

PM Phuc welcomed the initiative to hold the third High-Level Dialogue on ASEAN-Italy Economic Relations in Hanoi, describing it as an important opportunity for Italy foster trade and investment ties with Vietnam and ASEAN member states.

He said that thanks to its central position in the network of free trade agreements in the Asia-Pacific region, Vietnam will serve as a gateway for Italian enterprises to expand into Southeast Asia. 

Host and guest agreed on the importance of the EU-Vietnam Free Trade Agreement and the EU-Vietnam Investment Protection Agreement. Conte expressed his support for the swift signing and ratification of the deals, which, he said, will promote bilateral trade and investment.

Discussing regional and global issues of shared concern, the PMs pledged to work closely together and offer mutual support at multilateral forums such as the United Nations, the Asia-Europe Meeting and the ASEAN-EU. 

They also highlighted the importance of peace and stability in the East Sea as well as the settlement of disputes by peaceful means on the basis of respect for international law, including the 1982 UN Convention on the Law of the Sea.

The Vietnamese leader accepted an invitation from his Italian counterpart to visit the European nation. The timeline for the visit will be arranged via diplomatic channels.- (VNS/VLLF)

 

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