Italian region to promote investment in Binh Duong province
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.
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 iಞn the southern province.-VNA
Bulgarian entrepreneurs visited the southern province of Binh Duong on October 19 to learn about investment opportunities in the province, especially in the Vietnam-Singapore Industrial Park (VSIP).
The Netherlands’ Philips Lighting will work with Becamex IDC)to implement a cooperation agreement on sustainable lighting and turn Binh Duong city into a smart city.
The southern province of Binh Duong will create the best possible conditions for investors, including those from Taiwan (China), said Vice Chairman of the provincial People’s Committee Tran Thanh Liem
Authorities in the southern province of Binh Duong worked with officials from the Japan International Cooperation Agency (JICA) to review a joint project on developing local public transport.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
A street in the New Binh Duong city in the southern province of Binh Duong. (Source: baobinhduong.vn)
