Italian machinery firms are keen to increase exports to the Vietnamese market, says an official from the Italian Trade Commission.
Marco Saladini, Italian trade commissioner in Vietnam, said demand in the Vietnamese market has created opportunities for Italian firms and other countries.
More trade missions led by Italian machinery businesses have introduced their products to Vietnam since early this year, said Saladini, adding another mission from the north-central Italian province of Emila Romagna would visit Ho Chi Minh City and Hanoi from June 7 to 11.
Emila Romagna is the strongest machinery manufacturing province in Italy and the biggest machinery exporter to Vietnam, Saladini said.
He said businesses in the province had shipped US$46.6 million worth of machinery, accounting for one third of Italian machinery exports to Vietnam last year. Italian machinery exports to Vietnam experienced a 6 percent year-on-year increase last year, he said.
Vietnam aims to become an industrialized country by 2020, and achieving this target requires a lot of machinery, especially in industrial parks, the commission said in a statement.
Vietnam imported machinery worth $4 billion in the first four months of 2010, a surge of 14.8 percent over the same period last year, according to the commission.