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Vietnam, Italy sign MoU on energy cooperation

June 23, 2019 | 16:21

A Memorandum of Understanding (MoU) on Vietnam – Italy energy cooperation was recently signed.

A Memorandum of Understanding (MoU) on Vietnam – Italy energy cooperation was recently signed.

Vietnam, Italy sign MoU on energy cooperation

Vietnamese Minister of Industry and Trade Tran Tuan Anh and Italian Deputy Minister for Economic Development Andrea Cioffi sign the MoU. (Photo: VNA)

The signing of the MoU on June 20 was conducted at the working session between the two officials in Rome, part of the Vietnamese Minister’s working visit to Europe in a bid to promote economic cooperation between Vietnam and Italy and other European countries.

During the meeting, Minister Anh recalled the positive results generated from the visit of Italian Prime Minister Giuseppe Conte to Vietnam in early June, noting that such results will be the foundation for ministries including the Ministry of Industry and Trade to continue to carry out activities to foster bilateral economic and trade cooperation.

At the same time, the Vietnamese Minister expressed his expectations that the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA) will create positive effects for both countries.

At the working session, Minister Tran Tuan Anh and Deputy Minister Andrea Cioffi signed an MoU on energy cooperation, aiming to bring about benefits for both sides.

The two sides also agreed to immediately implement the MoU as well as to explore cooperation potentials in other areas that were reached during the Italian PM’s visit to Vietnam.

( VNF )