The assistance will target the private sector in the coming time, the official was quoted by Thoi Bao Kinh Te Vietnam (Vietnam Economic Times) as saying.
In addition, an additional EUR10 million (US$12.4 million) will be injected in projects on water supply under an agreement reached by the two governments.
More and more Italian ODA for Vietnam
Italy will increase Official Development Assistance (ODA) for Vietnam to EUR30 million (US$37.2 million), Italian Deputy Minister of Foreign Affairs and International Cooperation Benedetto Della Vedova said.
Deputy Minister Benedetto Della Vedova led an Italian economic delegation to a forum for Italian-Vietnamese Businesses held in November with a view to seeking more cooperation opportunities in Vietnam in various fields.
At the event, he remarked that Vietnam’s favourable business climate represents a potential market for Italian enterprises.
According to the Vietnam Chamber for Commerce and Industry, trade between Vietnam and Italy has increased by 15-20 percent in recent years.
Between January and October this year, bilateral trade reached almost US$3.4 billion, with Vietnam’s exports valued at US$2.3 billion.
The two countries share a substantial potential in energy generation, construction material, tourism, pharmaceuticals and advanced technology, which should be utilised in order to meet the target of US$5 billion in trade.
15:58, 2023/10/18
Japan gives Vietnam biggest-ever ODA package
The focus of the financial support is infrastructure, manpower, and post-pandemic economic recovery.
15:45, 2023/10/18
Japan gives Vietnam biggest-ever ODA package
The focus of the financial support is infrastructure, manpower, and post-pandemic economic recovery.
20:59, 2023/07/05
Japan provides US$422 million ODA loans to Vietnam
The loans enable Vietnam to boost its recovery strategies adopted by the National Assembly in early 2022.
16:49, 2023/04/16
Prime Minister calls for Metro No. 1 project to be completed by September
Completion of the Metro No. 1 project is scheduled for the fourth quarter of 2023, after 12 years of construction.
15:57, 2021/10/23
70% highway road in Vietnam built with Japan loans
Infrastructure projects help smooth economic connectivity among parts of Vietnam and between the country and other ASEAN nations.
05:26, 2019/10/23
Vietnam should be cautious about environmental impact investment: JICA
Inflows from emerging countries might fail to meet environmental protection requirements.
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