Vietnam Day: free individual counseling

Sei un’azienda associata a Confindustria Trento o consorziata con Trentino Export?

Then you are sent to participate in Vietnam Day, a morning of free one-on-one consulting meetings organized by Confindustria Trento and Trentino Export in collaboration with Octagona, February 14 in online mode, With 1-hour intervals starting at 9 a.m..

The vietnamese market is certainly one of the most interesting and promising in Asia. Vietnam:

-covers a strategic position within ASEAN, central to all of Southeast Asia;

-is Italy's largest trading partner in ASEAN, while Italy is Vietnam's fourth largest partner in the EU. Trade interchange between The two countries increased from $3.8 billion in 2018 to $4.7 billion in 2021.The Made in Italy products most valued by Vietnam are machinery and appliances (262 million euros), textiles and clothing (239 million euros), and food and beverages (103 million euros);

-with a population of 97 million, is becoming a fast-growing market for consumer products due to rising incomes and the inclination toward foreign products of an emerging middle class composed mainly of young people: 48% of the population is between 25 and 54 years old, and it is estimated that by 2050 the country will reach 120 million people;

-labor costs in Vietnam are about 50% of those in China, with an average hourly cost of $2.99 compared to $6.50 per hour respectively, and about 40% of that reported in Tahiland and the Philippines;

-compared to other developing markets in the region, Vietnam is thus emerging as a clear leader in low-cost manufacturing and sourcing, with the country's manufacturing sector having represented 25% of total GDP in 2021;

-nel corso degli anni ha attuato delle politiche importanti di liberalizzazione del commercio. L’ultima è l’Accordo di libero scambio fra Vietnam e UE (EVFTA), entrato in vigore il 1°agosto 2020, che prevede The almost complete elimination (99%) of customs duties between the EU and Vietnam, including on major European export products: machinery, automobiles and chemicals.

To manage the Vietnamese market, the Association has partnered with Octagona Ltd., a structure specializing in advisory support to businesses for expansion in foreign markets, with established experience in major Asean markets. Octagona will be able to help Trentino companies expand their business in Vietnam, thanks in part to its Direct presence in the country with its own office and local staff.

Companies interested in booking a confidential slot for free individual counseling on Vietnam, are sent to please contact the Internationalization Area (Dr. Nicolò Andreini, tel. 0461 360092; [email protected]), which remains available for information or clarification.