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  Italy-Vietnam: economic and commercial relations     Economic and commercial relations between Italy and Vietnam have been progressively strengtening in the last ten years. In 2006 and 2007, Italian exports to Vietnam increased steadily, as a consequence of the good economic performance of the Asian country.

 
  2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Exports 181 281 300 326 283 218 300 512 449 428 584
Imports 337 374 395 397 403 471 608 694 802 701 885
Balance -156 -93 -95 -71 -120 -253 -308 -182 -353 -219 -301
Tot. Exchange 518 655 695 723 686 689 908 1206 1251 1129 1469
Source: ISTAT database, 2010  

However, at the beginning of 2008 the global financial crisis caused a slight decline of the Italian exports (-12%). In 2009, Italian trade performance paved the way for good results, showing an increase in exports to Vietnam - as compared to 2008 and continued the positive trend in 2010 (+21,3%). Since 2009 imports from Vietnam have increased as well, up to 26,2%  in 2010 with a total amount of 885 mil. Euros, the trade balance is still negative for Italy, reaching last year -301 mil. Euros. At the end of 2010, Italy held the 16th position among the countries exporting to Vietnam and the 20th among the receiving countries.

Machineries and mechanical equipments sectors are the leading areas of the Italian exports (25,5%). Transport vehicles sector (23,9%) almost doubled compared to the previous year, thanks to the increased sale of motorbikes and related spare parts (85 mil. Euros), as well as boats (42 mil. Euros) becoming the second sector, while chemical products occupy the third place  with 11,8% of the total, followed by the leather (8,3%), electrical equipments (4,3%) and textiles (4,3%).

According to ISTAT, the Central Italian Institute for Statistic, the export sectors which have particularly increased in 2010 are those of the furniture, agriculture, fishing and forestry products, transport vehicles, clothing and paper industry. A slight decrease has been noted in the metal products, cars, food products, as well as machinery and equipments.

As far as Italian imports from Vietnam is concerned, in 2010 main sectors have been those of textile materials, clothing, leather and accessories, with 42,4%, followed by agricolture and fishery products (16,5%), food (13%) and wood fornitures (7,5%).

Italian investments At the end of 2008, Italy was the 35th investor Country in Vietnam, with a total capital of 114 millions of US dollars. As outlined by the relevant statistics, at the end of August 2011 the Italian projects were 39, worth 189 million US dollars. So, despite the fact that starting from 2010 the trend of overall direct investments has been slowing down, the position of Italy has improved, becoming now the 31st major investor. Italian companies are led by Datalogic, Piaggio, Carvico, Bonfiglioli, Medexport, Danieli, Perfetti Van Melle, Merloni, Mapei and Ferroli. Starting from November 2008, these investors have been assisted by the Italian Chamber of Commerce (ICHAM) with 2 offices, one in Hanoi and one in Hochiminh city.
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