Italian region to promote investment in Binh Duong province

A street in the New Binh Duong city in the southern province of Binh Duong. (Source: baobinhduong.vn)

Binh Duong (VNA) – The southern province of Binh Duong on November 14 signed a cooperation MoU with the trade association of Italy’s Emilia-Romagna region and the Italy-Vietnam trade association.

Under the MoU, the sides will work together to promote trade and investment ties between Vietnamese and Italian enterprises. Italian enterprises will receive help to invest in the Vietnamese province and Binh Duong’s enterprises will be assisted to promote its products in the Italian market.

The MoU will also facilitate Italian enterprises’ trips to Binh Duong to explore business opportunities as well as joint research and experience sharing between Italian localities and Binh Duong.

Mai Hung Dung, Vice Chairman of the Binh Duong People’s Committee, said the province has attracted 2,800 foreign-invested enterprises with a combined capital of 25.3 billion USD but investment from Italy only makes up a small portion of the amount.

On behalf of the Italian business delegation, Chairman of the Italy-Vietnam Chamber of Commerce Fulvio Albano expressed his hope that thanks to the MoU, the Emilia-Romagna region will serve as a window for Italian investors and enterprises to understand more about Binh Duong.

He hopes that the MoU will boost economic exchanges between Italy in general and the Emilia-Romagna region in particular and Binh Duong.

On the occasion, delegates of the Emilia-Romagna Trade Association, the Italy-Vietnam Trade Association and enterprises from Torino city participated in a conference on smart city in the southern province.-VNA