Over the years, Vietnam has made significant steps forward, reaching the rank of Middle Income Country (MIC) and showing great effectiveness in achieving the Millennium Development Goals. However, the Country now faces the challenge of making its growth stable, equitable and sustainable, especially in light of complications related to the pandemic, the Middle Income Trap and environmental emergencies due to the unsustainable exploitation of resources and climate change.
The Italian development cooperation has been present in Vietnam since 1990, when the first Financial Technical Agreement of Cooperation between the two Countries was signed. Today, Italy supports Vietnam in these new challenges and it is active in the Country with a cooperation programme consisting of 8 ongoing initiatives and 2 in pipeline, for a total amount of more than 117 million Euro.