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Italian companies are attractive for opportunities to access the Vietnamese bazaar and capitalise on the ascent appeal for appliance and autogenous design.

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A appointment of seven Italian companies in the acreage of furniture, kitchen, lighting, and aesthetic mosaics paid a alive appointment to Vietnam aftermost anniversary to analyze the bazaar and acquisition abeyant partners. The acclaimed Italian brands accommodate Badari Lighting, Cantori, Diemme Cucine, Formitalia, Officina Luce, Sicis, and Versace.

According to Paolo Lemma, arch adumbrative of ITA in Vietnam, Vietnam’s appliance imports over the aftermost three years grew at an boilerplate anniversary amount of 33 per cent. Italy leads in the EU and is third common as a antecedent market, accounting for about 7 per cent of Vietnam’s appliance imports.

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In addition, Vietnam’s urbanisation amount grows by 3.4 per cent anniversary year, authoritative it the fastest in Southeast Asia. The accumulation of residential buildings, hotels, and resorts is accretion at an anniversary boilerplate of 20 per cent, abnormally in Hanoi, Ho Chi Minh City, and capital day-tripper destinations. The development of the country’s absolute acreage bazaar is accepted to abide to accept a above appulse on high-end appliance demand.

To tap into the market’s growth, ITA/ICE Italian Trade Commission—the Trade Promotion Section of the Italian Consulate Accepted in Ho Chi Minh City—and Federlegno Arredo Eventi accept organised a arch business mission to Vietnam to analyze the bazaar for Italian appliance and autogenous architecture products.

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The mission included a abounding captivation programme for the Italian assembly to get to apperceive the accompaniment of the Vietnamese absolute acreage industry and appliance trends in the country. The appointment met with above Vietnamese acreage development corporations and visited a cardinal of high-end residential projects as able-bodied as affluence appliance showrooms in the city.

The aboriginal affair was with Hoa Binh Corporation, one of Vietnam’s bristles arch accepted contractors in all-embracing projects such as the Le Méridien four-star hotel, Saigon Centre Complex, the broadcast terminal at Tan Son Nhat International Airport in Ho Chi Minh City, and Cocobay Danang. The appointment additionally had business affairs with Coteccons Group and Boho Décor, Cofico JSC, Phat Dat Absolute Acreage Development Corporation, and Cao Dong Design.

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Italian appliance and autogenous architecture companies appetite to aggrandize their attendance in Vietnam as the country is a fast-growing bazaar with a ample citizenry and ascent assets levels. The EU-Vietnam Free Trade Agreement (EVFTA) is additionally accepted to accessible up new opportunities for both Vietnamese and European companies, including those from Italy.

By Thanh Van

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