Binh Phuoc (VNA) – The People’s Committee of southernBinh Phuoc province and Becamex IDC Corporati♎on held a teleconference on November 8 to call for investment from Italian enterprises.

Italy is now the fourth biggest trade partner of Vietnam in theEuropean Union. Meanwhile, Vietnam is the largest trade partner of Italy in the Association of Southeast Asian Nations (ASEAN), withtwo-way trade growing over the past years. In the first eight months of 2022, two-way trade hit 4.25 billionUSD, up 13.9% year on year. Of which, over 3 billion USD was Vietnam’s exports,mostly footwear, coffee, aquatic products, apparel, and handicrafts. Vietnam mainly imported footwear, chemicals, machinery, transport vehicles, sanitary equipment, medical supplies, and household appliances from the European country. Speaking at the event, Vice Chairman of the provincial People’sCommittee Tran Van Mi wished that Italy’s big and small and medium-sizedenterprises would invest in Binh Phuoc. Italy now ranks 34th out of 139 countries andterritories investing in Vietnam with total registered capital of 409.46 million USD. Sofar, Binh Phuoc has attracted 366 foreign-invested projects worth 3.44 billionUSD and has yet to attract any Italian investor, he said. According to the official, Binh Phuoc is now home to 13 industrial zonescovering a total area of over 6,000ha and occupancy rate of 53.5%. Binh Phuoc pledges to improve its business environment, ensuretransparency and fine-tune policies to draw more investment, he said. Nguyen The Duy, Becamex IDC Marking Director of English-speakingmarkets, introduced the potential and business opportunities of Binh Phuocprovince and Becamex - Binh Phuoc Industrial Park invested by Becamex IDC. On the occasion, the provincial authorities and Becamex IDC alsovowed to always stand side by side with businesses and tackle their difficulties./.