Vietnam Special Edition November 2016

 
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Quarterly magazine on-line November 2016

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Vietnam Special Edition Interview to H.E. Ambassador Cao Chinh Thien Vietnam economy is growing fast “Italy’s most important bank” Quarterly magazine on-line, November/January 2017

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Sommary 10 Interview to H.E. AMBASSADOR CAO CHINH THIEN 13 Vietnam economy is growing fast 21 Gold for Kids 10 22 Italy’s most important bank 28 Elettra and FERMI lightsources 34 Diamonds are forever... 37 Interview to CEO of GsAir, Mr. Gastone Nardoni 13 22 21 28 34 37 THE PROGRESS TIME Quarterly magazine on-line, November/January 2017 Aut.Trib. di Arezzo n. 4/13RS del23/07/2013 Aut. Modifiche dal Tribunale di Arezzo del 02/07/2015 EDITOR Mr. Ivan De Stefano EDITOR IN CHIEF Mrs. Barbara Ganetti GRAPHIC & WEB DESIGNER Mr. Tosi Lucio TRASLATOR Ms. Giulia Ruzzenenti QUESTO NUMERO È STATO FINITO DI IMPAGINARE IL 11/11/2016 CONTATTI editore@theprogresstime.com - redazione@theprogresstime.com

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Editorial by Barbara Ganetti On the Asian front, Vietnam presents the most interesting perspectives as manufacturing “hub”, proved by the amount of foreign investments concerning the year 2015, USD 23 billion (+12% compared to 2014). The country can offer cheap labor, low cost and well-organized industrial parks, a favorable system of subsidies and taxation for companies and, thanks to the involvement in a deep network of FTAs, the possibility to export with reduced duties or even without duties on a considerable part of the global market. A country with more than 94 million inhabitants, Vietnam observed a significant growth in the latest years (on average, about 6% per year; 6,6% in 2015, exceeding the target of 6,2% set by the authorities). The economic growth is associated with social and cultural dynamics that are promoting a remarkable expansion of the private consumptions, noticeably increasing. This trend – combined with the traditional call of our brands, our culture and our lifestyle – creates meaningful opportunities for the assertion of our products on the Vietnamese market. By courtesy, in this issue we recommend the participation of H.E. Chao Chihn Thien, Vietnam Ambassador in Italy and Mr. Fulvio Albano, President of the Chamber of Commerce Italy – Vietnam, with whom we will consider the cultural and commercial relations between these two countries. Enjoy the read

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HIS EXCELLENCY AMBASSADOR CAO CHINH THIEN FOR THE PROGRESS TIME By Ivan De Stefano Your Excellency the Ambassador, how long have You been covering Your diplomatic role in Italy, and what is Your expe- be here in such amazing country with friendly people, which has a heroic history and a long tradition of arts, architecture and gastronomy. rience of it? What are the cultural me- I began my posting in Rome eting points between Vie- as Vietnamese Ambassador tnam and Italy? from September 2015. In my long carrier as a diplomat, I H. E. A. Cao Chinh Thien Vietnam and Italy share many have been in many country similarities in the history and but I have to say that Italy is one of the best, a be- also in recent pasts. Both countries have struggled autiful country, stretched between the Mediterra- for freedom and peace. Vietnam has received pre- nean Sea and the Adriatic Sea. During my visits to cious supports from Italy and Italian people du- several places in Italy, I have had the opportunity ring our quest for independence and during the to admire the beautiful landscapes along the routes reconstruction process of our country. People of as well as renowned places such as Venice, Flo- Vietnam and Italy are both cheerful, friendly, pa- rence, Cinque Terre and of course the Eternal City cifist and very dedicated to the development and which is Rome. I feel lucky for the opportunity to welfare of their country.

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Can You tell us about the current situation in regards to the economical exchanges between Italy and Your country? Trade exchange between Italy and Vietnam increased continuously in the past 10 years. In 2015, it stood at 4.3 billion USD with an increase of 6% to enter in force and Vietnam is member of many trade agreements with interesting markets, such as the TPP, ASEAN Free Trade Area, FTAs between ASEAN and the Republic of Korea, China, Japan, Australia, New Zealand, etc. What strategies have You been adopting to promote Your country both economically as well as culturally and touristically? against 2014, with export from Vietnam at 2.86 billion USD (a rise of 4% compared to 2014) while export from Italy stood at 1.46 billion USD (an increase rate of 9% against 2014). We see many opportunities for enterprises from both countries because the Free Trade Agreement between the EU and Vietnam has been signed recently, ready Cultural and tourism promotion are among the priorities of our Embassy. We strongly believe that excellent cultural and tourism cooperation are the bases for a strong bilateral relationship. We have organized many activities in recent years, such as Vietnam Cultural Days in Milan, Venice, Torino, the participation of Vietnam to Milan Expo 2015, fashion shows in Rome and gastronomy activities in many cities in Italy. Along with the Embassy, the Vietnam – Italy Friendship Association with their committees in several cities of Italy actively organized and participated to cultural activities in their cities. This year and next year, we will continue our program of promotion of Vietnam culture in Italy, to encourage Italian people to visit our country and to support the activities to be organized by the Vietnam – Italy Friendship Association.

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Interview to President of Chamber of Commerce Italy-Vietnam Mr.Fulvio Albano by Barbara Ganetti Today Vietnam and its economy is growing fast, on average around 6% per annum; in 2015 it recorded a 6.6% exceeding the target of 6.2% imposed by the authorities. Much of the financial community agrees that the trend is likely to continue on the medium term. Member of the WTO and ASEAN, Vietnam has recently concluded the FTA with South Korea and with the Eurasian Union of Russia, Belarus, Kazakhstan (May 2015) and is currently involved with the Trans Pacific Partnership negotiations, the FTA with the EU (which should be completed by the summer), the Comprehensive General Agreement under ASEAN Plus and the FTA with EFTA countries. With regional trade integration strategy, strategic positioning and the assets represented by the so-called 3D (“durable macroeconomy, domestic consumption, demographic dividend”) Vietnam aims to significantly strengthen the capabilities and ambitions of production hub in Southeast Asia. Several reforms approved at the end of 2014, some in force since the beginning of the year, some other from 1 July 2015, should provide new impetus to the economy and increasing competitiveness in view of the challenges posed by the entry into the ASEAN Economic Community and from the commitments resulting from the numerous international free trade agreements signed. The support of the Vietnamese authorities is directed in particular to industries with high technology and high value added (manufacturing, renewable energy, electronics, computerization and biotechnology, research and processing of oil and gas, environmental protection); confirming the economic and cultural relationship that connect Italy to Vietnam we asked some questions to Mr. Fulvio Albano President of the Chamber of Commerce ItalyVietnam who kindly granted us this meeting: Dear President, how long have you been holding this position for the Italian – Vietnamese Chamber of Commerce ? My assignment is recent, although the CCIV is active since 1996. After receiving, in 2015, the honor of the Vietnamese government – which gave me the Medal of Friendship for the work President of Chamber of Commerce Italy - Vietnam, Mr. Fulvio Albano conducted in cultural and artistic field concerning the relationships between Italy and Viet Nam, I have been appointed president in January 2016.

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How long the Italian – Vietnamese Chamber of Commerce has been founded ? Can You explain us its specific objectives? It was founded in 1996, with the support of the Vietnamese Studies Center of Turin and under the auspices of the Embassy of the S. R. of Viet Nam, the Chamber of Commerce Italy-Vietnam is at the side of the Italian companies in Vietnam and the Vietnamese companies in Italy. It has been recognized in 2000 by the Ministry of International Trade of Rome (Ministerial Decree No.96 of 15.2.2000) and it is registered in the Register Italian Foreign Chamber of Commerce of the Unioncamere, in addition to being bound by specific conventions to ICHAM- Italian Chamber of Commerce in Vietnam-and, in testimony of an emergency of Vietnamese business community in Italy – to ASSOEVI, an organization that brings together Vietnamese businessmen and cooperates with the counterpart group of Vietnamese businessmen in Europe. As a nongovernmental organization, ASSOEVI is an important partner not only to consolidate and strengthen the operators of the Vietnamese community in Italy, but also to actively organize, on our doorstep, events that promote potential and opportunities of cooperation with Viet Nam, as well as its land and its people, a beautiful land and a cultured people, hospitable and kind. In addition, the association, with the Italy Viet Nam Chamber, is also a valuable means for Italian agencies, the Vietnamese representative offices in Italy and our partners, supporting them in overcoming difficulties and obstacles. In fact, the Chamber coopera

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tes with Vietnamese and Italian institutions in order to promote and intensify relations, financial, cultural trade and economic technical relations between Italian and Vietnamese companies in the sectors. CCIV’s instruments are also the economic Seminars periodically organized and publications that since 1996, it promotes, such as the latest economic guide to Viet Nam in which it was actively engaged for the draft. In 2013, on the occasion of the celebration of 40 years of diplomatic relations between Italy and Vietnam, the Chamber has promoted the seminar “Invest in Vietnam. Business opportunities, productive sectors and taxation “- coordinated by API Torino( Small and Medium Business Associations in Turin) and Turin Chamber of Commerce, with the support of the Embassy and of the S. R. of Viet Nam Consulate in Turin. Which are the opportunities for Italian investments in Vietnam today and in which areas? Vietnam is a country rapidly expanding, with a population of over 90 million inhabitants and a stable socio-political structure, a dynamic economy and high and sustainable growth rates, as well as a trained workforce with good standard and contained production costs. All this in a very favorable geopolitical position within ASEAN – the union of the Southeast Asia countries – which guarantees a market of over 600 million inhabitants; the ASEAN area, where, from 2015, the goods produced in a Member State may move freely. Vietnam, with a GDP increase of over 6% in 2016, is the ASEAN country that will grow further in the next three years; we must not forget that,

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