Italian gov't supports exports to Vietnam

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Italia has opened up an export support fund to Italian businesses aiming to boost exports to Vietnam, which needs new technology and machinery for its economic development, an Italian trade official said.

Marco Saladini, the director of the Italian Trade Commission based in Vietnam, said on Tuesday that his government viewed Vietnam as a fast growing economic country and wanted to help Italian machinery exporters integrate into the market.

Saladini said the government had helped the commission survey Italian food processors, cosmetics producers, hospitality providers, plastic makers and garment and wood companies about bringing products and technology to Vietnam.

With the government support, the commission aims to organize a trade mission for Italian exporters and Vietnamese importers, said Saladini, adding that seven Italian machinery suppliers in food processing industry would market their products in Vietnam for the first time later this week.

Vietnam imported US$540 million machinery in 2008, of which $20 million was supplied by Italian businesses, according to the commission.

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