Italy–Vietnam Trade 2024: A Gateway for European Investors into Vietnam’s Booming Market

Vietnam’s economy is accelerating into a new era of growth, and Italy – along with the broader European business community – is perfectly positioned to capture the opportunities this market offers. With its strategic location, competitive labor force, and pro-investment policies, Vietnam is becoming the go-to destination for European companies seeking expansion in Southeast Asia.

Record Growth in Italy–Vietnam Trade

In 2024, Italy–Vietnam bilateral trade surged to 6.9 billion USD, representing a 13.4% year-on-year increase.This growth reflects the strong synergy between the two nations:

• Italy contributes world-class expertise in manufacturing, design, renewable energy, and advanced technology.

• Vietnam offers competitive production costs, a central location in ASEAN, and preferential trade access to global markets.

Key growth sectors include:

• Machinery and industrial equipment

• Textiles and fashion

• Food and beverage exports

• Renewable energy and green tech

Why European Businesses Should Look to Vietnam Now

Vietnam’s international integration is fueled by landmark trade agreements, including the EU–Vietnam Free Trade Agreement (EVFTA), which eliminates most tariffs and strengthens IP protection for European brands. For investors, this means:

• Reduced trade barriers and faster customs clearance.

• Improved legal and regulatory transparency.

• Access to a fast-growing consumer base in Vietnam and ASEAN.

Vietnam: The Gateway to ASEAN’s $3.6 Trillion Market

By investing in Vietnam, European businesses gain a competitive launchpad into ASEAN’s 660 million consumers. The country’s robust economic growth, political stability, and infrastructure investments make it an ideal regional hub for production, logistics, and distribution.

How GTI Partner Supports Your Success

At GTI Partner, we guide European investors through every stage of market entry:

• Market research & feasibility studies

• Local partner identification

• Legal, tax & compliance advisory

• Post-entry operational support

Our mission is to ensure your investment in Vietnam is profitable, compliant, and sustainable.

Act Now – The Opportunity is Ripe

With Italy–Vietnam trade at record levels and Vietnam’s marketplace expanding rapidly, now is the time for European investors to take action. GTI Partner is your trusted bridge to this exciting market.

📩 Contact us today to start your Vietnam investment journey.