SACE and State Capital Investment Corporation (SCIC) sign Memorandum of Understanding to strengthen cooperation between Italy and Vietnam

SACE, the italian insurance and finance group controlled directly by the Ministry of the Economy and Finance, specialized in supporting businesses and the national economic system, has signed a Memorandum of Understanding with the State Capital Investment Corporation (SCIC) during the Vietnamese delegation visit in Italy led by Nguyen Canh Toan, Vice Chairman of CMSC, Commission for management of State Capital at enterprises.

The agreement, signed by Michal Ron, Chief International Officer of SACE, and Nguyen Quoc Huy, Board Member and Chief Executive Officer of SCIC in the witness of Nguyen Canh Toan, Vice Chairman of CMSC and Ambassador H.E. Mr. Duong Hai Hung. The objective is to boost Made in Italy exports to Vietnam through insurance and financial solutions, such as the Push Strategy, which supports various strategic sectors. It also includes the arrangement of matchmaking initiatives between Italian companies and Vietnamese counterparts to explore cooperation opportunities in potential projects in Vietnam

 The MoU seeks to enhance cooperation between SACE and SCIC, promoting trade relations and strengthening business ties between the two countries. Particular attention will be given to facilitating exports and supporting the internationalization of Italian enterprises, especially small and medium-sized enterprises (SMEs) and companies operating in sectors of mutual interest to SCIC.