Vinh Phuc looks to attract more investment from Italy
Authorities of the northern province of Vinh Phuc always support and create the most favourable conditions for Italian firms, especially those operating in producing hi-tech auto accessories and components,to expand investmentin the locality, a local leading official has said.
Rome (VNA) - Authorities of the northern province of Vinh Phuc alwayssupport and create the most favourable conditions for Italian firms, especiallythose operating in producing hi-tech auto accessories and components,to expandinvestment in the locality, a local leading official has said.
Party Central Committee member, Secretary of the provincial Party CommitteeHoang Thi Thuy Lan, who is also head of the provincial Steering Committee for investmentpromotion, made the affirmation at meetings with representatives from Italian firmsand leaders of the European country’s localities during her working trip to Italyfrom December 14-15.
Inthe working session with representatives from Piaggio and officials from the Tuscany,Lan briefed them on sectors that Vinh Phuc is calling for investment, as wellas the province’s socio-economic development.
The locality will continue to facilitate the operation of Piaggio in Vinh Phucin the time to come, she said.
Alessandro Zazzeri, Vice Chairman of Piaggio Group, appreciated the VietnameseGovernment in general and Vinh Phuc province in particular for incentives thatthey have given to the firm during its production and business in Vietnam.
Inits development strategy, Piaggio will continue to expand its production inVietnam, while committing to introducing and calling on manufacturers ofaccessories for the automobile and motorbike industry to seek partners andboost investment in Vinh Phuc, he said.
During their stay inItaly, the delegation of Vinh Phuc had a working sessionwith representatives from the Vietnamese Embassy in the European country, duringwhich Lan expressed her hope that the embassy will help connect the locality withItalian potential investors.
Vinh Phuc is home to 322 foreign direct investment (FDI) projects worth 4.3billion USD from 16 countries and territories.
Piaggio is running two investment projects of motorcycle manufacturing and assemblingin the province with a total registered capital of 95.7 million USD. It yearly contributeshundreds of billions of VNDto the local budget.-VNA
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At a Piaggio factory in Italy (Source: VNA) 
