Vietnam – new investment destination for Italian businesses

Vietnam – new investment destination for Italian businesses 10/11/2008 08:55:00 491

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Italian newspapers have run many articles about Vietnam visit by the strong Italian business delegation led by Minister of Economic Development Claudio Scajola from November 4-7, saying Vietnam is a new paradise for investors.


RAI International of Italy broadcasted a 20-minute programme reflecting “special eagerness” by the business delegation ahead of a big market with a population of more than 85 million people, a low price and high-skilled workforce, an annual economic growth between 7 and 8 percent.


About 1,800 meetings between 900 businesses of the two countries took place during the delegation’s four-day stay in Hanoi and Ho Chi Minh city , RAI said.


Il Sole 24 Ore , Italy ’s third largest daily newspaper, said that Italian businesses attached importance to the Vietnam market where more efforts have been made to simplify administrative procedures to attract investment and low tariffs have been offered to investors.


Milan-based Milano Finanza economic daily said that as a fast developing country, Vietnam’s demand for construction of infrastructure, communications network, electricity, water and waste treatment facilities is very huge and Italy is able to meet the demand.


La Repubblica daily affirmed that Italian businesses have missed many opportunities to invest in Vietnam and now it is time for them to inject money into the country once they recognize that this is a new paradise for investment.