As part of his visit to Australia, Tuc and his delegation from Nam Dinh had a working session with representatives from Unified Capital Partners (UCPS) - an independent boutique provider of financial services - and the Australian Investment Network; and attended a conference on Nam Dinh’s trade and investment promotion in the country.

At the signing ceremony of the MoU on cooperation in building and implementing Nam Dinh's growth strategy in the near future between the provincial People’s Committee and SaiGonTel and Australia Global Consulting Ltd. (Source: VNA)

The conference attracted the participation of representatives from the Australian Department of Foreign Affairs and Trade (DFAT), and nearly 100 enterprises, educational organisations and investors in Sydney.

The official highly valued the Australian market, saying that the investment fields that Nam Dinh province is interested in are also the strong fields of this Oceania country.

He introduced to Australian investors the province's potential, strengths as well as incentives for foreign investors when they meet all conditions of Vietnamese law, and affirmed that Nam Dinh always wishes partners to invest in industrial parks, a green economy, and a circular economy.

Australian businesses proposed several cooperation initiatives with Nam Dinh province in various fields such as trade, infrastructure, education and training, green energy, circular economy, and other strong areas that both sides share concerns and priorities.

They also raised many questions related to legal procedures as well as difficulties they may encounter when investing in Nam Dinh and got appropriate answers from the provincial leader.

Within the framework of the conference, the provincial People’s Committee signed a memorandum of understanding (MoU) on cooperation in building and implementing the province's growth strategy shortly with the Saigon Telecommunications and Technologies Corporation (SaiGonTel) and the Australia Global Consulting Ltd.

The Cat Tuong Group and the Australian Wool Growers’ Association also inked an MoU on factory investment at Nam Dinh’s Rang Dong industrial park in the coming time. The Australian association committed an investment of 100 million AUD (66.1 million USD) in the Vietnamese province.