A working group of the Vietnamese Finance Ministry led by its Deputy Minister Do Hoang Anh Tuan is on an official visit to Italy scheduled for June 15-20.
At a meeting with his Italian counterpart Stefano Fassina on June 17 Tuan hailed Italy’s important role in the EU market and its economic cooperation with Vietnam.
The number of foreign direct investment (FDI) enterprises in Vietnam accounts for 25 percent of total businesses operating in the country and those from Italy are playing an important role.
Many Italian products, including sanitary wares and electric water heaters and Piagio scooters, are on sale in Vietnam.
However, he said direct investment from Italy to Vietnam remains modest and does not match the two countries’ potential.
He expressed his hope that the two Governments and Finance Ministries will work out practical programmes to boost bilateral cooperation in the field of financing, customs, tax and debt management.
Deputy Minister Fassina said the Italian Government and banks always create favourable conditions for their investors operating overseas, including those in Vietnam.
During the meeting, Italian representative and experts shared their experience building corporate and personal income taxes and finding solutions for the current public debt crises in European countries.
Later on June 19, the Vietnamese working group will meet with with Florence Customs officials to share experiences in managing customs at local levels.