WEBINAR “A TRIP ACROSS POST-COVID19 SOUTHEAST ASIAN MARKETS”
T
he first day of October took place the webinar “A trip across post-Covid Southeast Asian markets” organized by Confindustria Vicenza and FarExport, in collaboration with Intesa Sanpaolo.
focuses not only on import, but also on export. TOP 3 EXPORT 2019 (million EUR) are: • Machinery: 271.2 • Accessories and leather: 150 • Chemical products: 39.5 TOP 3 IMPORT 2019 (million EUR) are: • Telecommunications equipment: 836.2 • Footwear: 240 • Agricultural products: 242 Other sectors worthy of note were the Digital Economy, the E-commerce, the Food & Beverage, the Machinary and the Furniture sector.
This was the last appointment of the cycle of webinars about ASEAN Countries that took place over the previous month, and the protagonist of this webinar was Vietnam.
Then the Chief Representative of Ho Chi Minh City (Intesa Sanpaolo) Tomaso Andreatta outlined the Vietnamese economy with a strong presence of many young people who want to build a prosperous future, as well as the On this occasion, ICHAM Executive Director Mr. country’s growth at the time of the Coronavirus, Pham Hoang Hai intervened and explained how whose management has been excellent. cities like Hanoi and Ho Chi Minh City were among the most dynamic in last year (2019), The third and last intervention was made and that imports and exports with the EU and by Dr. Alessandro Dal Zotto of Confindustria especially with Italy were growing more and Vicenza, who gave us a detailed and exhaustive more. explanation of how to benefit from the Europe Vietnam Free Trade Agreement EVFTA. This The country’s young and growing workforce, agreement will reduce duties and tariffs in together with its competitive economy and the most of the sectors in which Italy operates, stable and growth-oriented government, make giving benefits to both Italian and Vietnamese Vietnam a promising market. investors. In less than 5 years, Vietnam has climbed 10 positions in the global competitiveness ranking. Data shows that from 2017 to 2020, both the middle and wealthy class, together, will almost triplicate, with an increase from 12 to 33 million.
Specifically, Export liberalization in by sector: • Upon entry into force: 100% fabrics, 70% chemicals, 50% pharmaceutical products. • After 5 years: 100% dairy products. • After 7 years: 100% mechanical components, 100% alcohol, 50% pharmaceutical products, In this perspective, a positive trend for the FDI 30% chemicals. is noticed. Especially regarding the commercial Agricultural products will not be fully liberalized, relationship Italy-Vietnam, some sectors stand in order to safeguard the 169 European products out among others. The Vietnamese economy of protected origin. PAGE 18 - NEWS
