Hanoi (VNA) – Vietnam and Italy have deepened cooperation since the establishment of bilateral diplomatic ties 45 years ago. In politics-diplomacy, Italy has since the 1990s backed the strengthening of ties between Vietnam and the European Union and the normalisation of ties between Vietnam and international financial, commercial and currency organisations. Italy considers Vietnam a priority country in Southeast Asia and a destination for Italian firms. On January 21, 2013, Vietnam and Italy signed a Joint Statement on the establishment of strategic partnership on the occasion of Party General Secretary Nguyen Phu Trong's visit to Italy. Vietnam was the first country that both Italian President Sergio Mattarea and Prime Minister Matteo Renzi visited after taking office in 2015 and 2014, respectively. During exchanges, Italian leaders wished that Vietnam would continue to be a bridge connecting the country with ASEAN. From fourth place, Vietnam has become Italy's largest trade partner in ASEAN, surpassing economic powerhouses such as Singapore, Malaysia and Indonesia. Two-way trade rose nearly 9 percent annually to 4.7 billion USD in 2016. Both sides are working to lift two-way trade to 6 billion USD for 2017-2018. Vietnam mainly exports footwear, aquatic products, coffee and apparel to Italy and imports mechanical… Read full this story
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