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Vietnam-Italy trade to reach 3.3 billion USD this year

Two-way trade between Vietnam and Italy is expected to reach 3.3 billion USD in 2013, according to the Vietnamese Trade Counsellor in Italy.
Two-way trade between Vietnam and Italy is expected to reach 3.3billion USD in 2013, according to the Vietnamese Trade Counsellor inItaly.

Vietnam ’s export value to Italy is estimatedat 2.2 billion UDS while importing 1.1 billion USD worth of goods fromthe country.

Export products to Italy include telephones,footwear, clothes, coffee, and seafood products while machines,equipments, animal food, textile materials, leather and pharmaceuticalproducts are imported from Italy.

Up to date, Italia has 49valid investment projects in Vietnam with a total registered capitalof 257.2 million USD, ranking 29 th among 101 countries and territoriesinvesting in Vietnam.

The projects focus on major areas of processing, agro-forestry and fisheries, wholesale and retail sectors.

Italian-funded projects have been implementing in 13 localitiesnationwide, mainly in Ho Chi Minh City, Vinh Phuc and Binh Duongprovinces.-VNA

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A motorbike production line of Honda Vietnam — a Japanese company located in Phu Tho province. (Photo: VNA)

🍎 Phu Tho emerges as FDI magnet following mergence

In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Infraction levels will correspond to fines of 1-80 million VND, depending on the nature and number of invoicing violations. (Photo: vietnamfinance.vn)

✃ Maximum fine of 3,000 USD proposed for violating invoice regulations

Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
At the strategic partnership signing ceremony between Sun PhuQuoc Airways and Amadeus. (Photo: Sun Group)

🐠 Sun PhuQuoc Airways enters strategic partnership with Amadeus to build a five-star aviation technology ecosystem

A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
A local resident makes a bank transfer using the Momo app. (Photo: VNA)

ജ Banks accelerate digitalisation, non-cash payments

Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
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