The city’s functional agencies presented key projects in the city and called for investment from the guests.
Ho Chi Minh City is prioritizing four vital industries including food processing, chemical-rubber, electro-mechanics, and information technology.
The cities also wished that foreign enterprises, including those from Italy, would research and invest in such areas as infrastructure, energy, environment and ‘smart city’.
At the meeting, Italian enterprises raised numerous questions about fields of mutual concern and stressed development potentials of Ho Chi Minh City.
Chairman of the Ho Chi Minh Municipal People’s Committee Nguyen Thanh Phong committed to ensuring a stable socio-political environment and creating favorable conditions for Italian enterprises to find long-term investment and business opportunities.
Together with the fruitful relationship between Vietnam and Italy, the ties between Ho Chi Minh City and Italy have gained some remarkable outcomes over the past years. In the first ten months of this year, the two-way trade turnover of Chi Minh City and Italy reached USD 510 million.
As on October 31 this year, there were 28 Italian-funded projects in the city with the total investment capital of nearly USD 70 million.
Most recently, a delegation from the city, including the city’s leadership, has visited the city of Turin, Italy, and discussed the two sides’ cooperation potentials, especially in trade, innovation and tourism.
Translated by Mai Huong