Promoting cooperation between Ba Ria – Vung Tau province and the Veneto Region (Italy)    
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Promoting cooperation between Ba Ria – Vung Tau province and the Veneto Region (Italy) Map of the Veneto Region, Italy
Apr 10 2018

Ba Ria – Vung Tau People’s Committee has signed the Memorandum of Understanding (MOU) for friendship and collaborative relations with the Government of the Veneto Region, Italy on 12 February 2018. This is a meaningful milestone on promoting international cooperation of Ba Ria – Vung Tau province towards the 45th anniversary of establishing diplomatic relations between Viet Nam and Italy (23 March 1973 – 23 March 2018).

According to the MOU, the two localities agree to take necessary actions for their mutual development and expansion of sector-specific collaboration between Ba Ria-Vung Tau Province and the Veneto Region, to promote exchanges in diverse fields such as sea transport, port logistics services, food processing industry, education and training, tourism, high-tech agriculture, public administration, economy and trade, science and technology, health care systems, sports, promotion of cultural and environmental heritage as well as development of energy resource, especially in the field of renewable energy.

Concurrently, Ba Ria – Vung Tau province and the Veneto Region also agree to be active on sharing information on trade and investment through exchanging visits of trade missions and businesspersons, cooperation events and programs, etc.

The negotiation process of establishing this partnership between Ba Ria – Vung Tau province and the Veneto Region has been taken since May 2016. This partnership conforms to the policies and directions of the Party and the Government on diplomatic relations, promoting strategic partnership between Viet Nam and Italy under the framework of Viet Nam – EU comprehensive partnership, which contributes to the realization of the content of “promoting cooperation between regions and local entities of the two countries, particularly in the fields of economy, trade and investment, education and training, culture, and tourism” as mentioned in the Joint Statement regarding the two countries’ establishment of their strategic partnership on 21 January 2013, including a focus on 04 key sectors (trade, investment for technological development, tourism, and education).

Veneto is one of the highest development regions of Italy, with many potential and advantages of developing business, trade, tourism, etc. Currently, Veneto is the second largest region in Italy in term of the numbers of companies (over 450,000 companies in many sizes). These companies have been working with priority of boosting export capacity in various sectors which are similar to potential, advantages or priorities on calling for foreign investment of Ba Ria – Vung Tau in 2016 – 2020, including food industry, aquaculture, engineering, leathers, electric equipment, metals, textile, wood furniture, plastics, medical products, etc. Therefore, through signing the MOU, it helps Ba Ria – Vung Tau province call for potential investors from the Veneto Region to operate in the province, which promotes the process of technology transfer and creates products with European quality standards for export.

Source: Ba Ria - Vung Tau Department of Foreign Affairs.