Italian Investment into Vietnam Expected to Rise 10% This Yr: Diplomat
Italian investment into Vietnam is expected to rise 10% from the current $200 million this year, said Damiano Francovigh, First Secretary of the Italian Embassy and Head of the Economic and Commercial Section.
Francovigh said that Italian firms have invested nearly $200 million in Vietnam so far, adding that motorbike and textile sectors are accounting for majority of the total figure.
He also said that a number of Italian businesses will arrive in Vietnam soon because this country’s investment environment is favorable.
Many famous Italian companies including Piaggio, Ariston and Carvico have strong footnotes in Vietnam, Icham Chairman Tomaso Andreatta said.
Last year 40 Icham members invested $100 million in Vietnam, Andreatta said, adding that three groups of Italian companies will visit Ho Chi Minh City to look for investment opportunities this month. (STD)
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