Vietnamese and Italian timber businesses launched a connectivity programme in HCM City on May 27 to increase trade exchanges.
The programme, initiated by the Handicraft and Wood Industry Association of Ho Chi Minh City (HAWA), the Chamber of Commerce of Italy’s Pordenone province, and the Italian Chamber of Commerce, aims to create a forum for the two countries’ timber businesses to exchange information, transfer technology and establish partnerships.
HAWA President Nguyen Chien Thang said the wood processing industry in Vietnam has made significant progress in recent years, with its exports rising 17.9% in 2012 to US$4.67 billion. In the first four months of this year alone, the industry exported products valued at around US$1.57 billion.
To meet the increasing demand of the export market, HAWA is making great efforts to seek potential partners through trade and investment promotion programs. The Vietnam-Italy business links program is one of the activities to help HAWA meet its goal.
Italian Ambassador to Vietnam Lorenzo Angeloni said Vietnam is keen on learning about economic achievements and advanced technologies around the world. Its small-and-medium-sized enterprises have established cooperative ties with their foreign partners through trade and investment promotion forums.
Promotion agencies should create the best possible conditions for businesses to expand their relationships and penetrate international markets, Lorenzo said.
The Italian businesses joining the program seek to gain a better understanding about Vietnam’s potential and to meet directly with their Vietnamese partners.
During their stay in Vietnam until May 30, the Italian businesses will make a fact-finding tour of a number of companies and factories in Ho Chi Minh City and other southern provinces.