Vietnam, Italy localities look to enhance economic ties

Italy’s Emilia-Romagna region and Vietnam’s southern Binh Duong province boast economic similarities, a favourable foundation for them to develop an economic partnership, Vietnamese Ambassador to Italy Nguyen Hoang Long said at a recent workshop.
Italy’s Emilia-Romagna region and Vietnam’s southern Binh Duong provinceboast economic similarities, a favourable foundation for them todevelop an economic partnership, Vietnamese Ambassador to Italy NguyenHoang Long said at a recent workshop.

He suggestedboth sides optimise mechanisms provided by central Governments and localauthorities to turn their cooperation into a role model ofVietnamese-Italian relations.

Emilia-Romagna’sexports to Vietnam now stand at 121 million EUR (135.87 million USD)with 40 percent from machinery, said Palma Costi – an official of theregion – at the May 6 function, deeming the figure modest.

She also highlighted the observable 27 percent increase in herregion’s shipments to Vietnam from 2012 to 2013, stating thatEmilia-Romagna prioritises its relations with the Southeast Asiancountry and is willing to offer mid- and long-term assistance.

Cooperation between Emilia-Romagna and Vietnam’s southern Binh Duongprovince has enjoyed substantial strides in recently years, as evidencedby a number of visits and working sessions between their officials andentrepreneurs since 2013. The upcoming establishment of Emilia-Romagna’strade office in the Vietnamese province will promote the region’sinvestments in Binh Duong, Costi added.

LauraBarberi from the Italian Ministry of Economic Development declaredVietnam is attractive to Italian companies, including those fromEmilia-Romagna.

The European country prioritisespartnering with Vietnam in consumer products, textiles-garments, andleather footwear manufacturing. It is calling on leather product makersto invest in Vietnam and plans to open a textile-garment supportingtechnology centre, she said.

Presenting hisprovince’s advantages, Chairman of the Binh Duong People’s CommitteeTran Van Nam said the province is located in the southern key economicregion – the most active and developed economic region in Vietnam. Itattracted 1.74 billion USD in capital from 171 new projects and 145existing ones in 2014.

Binh Duong has focused oncomprehensively developing socio-economic and transport infrastructure,especially facilities connecting the locality with nearby economic hubs,he added.

Nam pledged optimal conditions for thesupport industry, hi-tech projects, and those producing goods with highcompetitiveness, especially electronic, electrical and mechanicalproducts.-VNA

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