Southern Dong Nai province and Ternopil oblast of Ukraine signed a Memorandum of Understanding to boost cooperation in developing industrial zones. (Photo: VNA)

Dong Nai (VNA) – Southern Dong Nai province and Ternopil oblast of Ukraine, signed a Memorandum of Understanding to boost cooperation in developing industrial zones in Bien Hoa City on December 15.

Accordingly, the two sides will hold consultations in investment innovation and together seek priorities for cooperation in operating industrial zones.

They will facilitate meetings and discussions among enterprises from Dong Nai and Ternopil on issues of mutual interest.

Speaking at the MoU signing ceremony, head of the Ternopil Oblast State Administration Stepan Barna said Ternopil has developed agriculture with large-volume exports of alcohol, milk, and poultry. Ukraine has adopted a number of preferential policies for foreign investors, Barna unveiled, adding that as from 2022, the country will provide full tax exemption for the import of certain kinds of machines and machine parts.

Dong Nai has seen strong growth in industry. It is home to 32 industrial zones with more than 1,200 FDI projects, worth a total of about 30 billion USD, said Tran Van Vinh, Vice Chairman of the provincial People’s Committee.-VNA