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Italy wants to share experience about shoes and clothes with Vietnam

Staff writer |
Italy announced a plan to help bring advanced production technologies to Vietnam's textile and footwear sectors.

A key pillar of the plan is a EUR15-million ($16.1 million) a package for small and medium businesses which operate in the targeted sectors, says Italian Ambassador Cecilia Piccioni at a press conference to promote trade between the two countries.

Businesses in Ho Chi Minh City and nearby Binh Duong and Dong Nai provinces will be given concessional loans with no interest for 24 years, she said.

In another effort, Italian government will help Vietnam establish and run two hi-tech centers for textile and footwear next year, news website Saigon Times Online quoted Bruna Santarelli, chief of the Italian Trade Commission in Vietnam, as saying at a meeting on November 8.

The centers will be established at two universities, including Ho Chi Minh City's University of Technology, and equipped with Italian-imported machines and technologies.

Italy will also send experts to train Vietnamese students to make sure that new technologies can be applied on a large scale, according to the report.

Trade volume between Vietnam and Italy was estimated at $4 billion last year, up 33.3% year on year, and is expected to hit $5 billion next year.

Vietnam is now hosting 66 Italian-invested projects with a total capital of nearly $392 million, according to the Foreign Investment Agency.

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