By Rachel Magday
NUEVA VIZCAYA, Philippines — The Provincial Government of Nueva Vizcaya and the Board of Investments (BOI) of the Department of Trade and Industry (DTI) signed a Memorandum of Agreement (MOA) to strengthen partnership in promoting and facilitating investments and enhancing investor services across the province.
The agreement, titled “Memorandum of Agreement on the Promotion and Facilitation of Investments and Investor Servicing,” was signed by Governor Atty. Jose V. Gambito for the provincial government and Atty. Bobby G. Fondevilla, Executive Director of the Investment Assistance Center, BOI‑DTI, for the BOI.
The signing was witnessed by Juditte Asuncion, Provincial Cooperative Affairs Officer, and Therese Sancho, Investment Specialist, Investment Assistance Center, BOI.
Governor Gambito welcomed the MOA as a strategic milestone. “This partnership positions Nueva Vizcaya as an ideal investment destination. We offer a secure peace‑and‑order environment, a track record as a multi‑awarded province, and sustained economic growth. Our people — the Vizcayanos — are warm and hospitable, and that community spirit makes doing business here both productive and rewarding. With the BOI’s support, we will accelerate job creation, improve infrastructure, and ensure investments deliver tangible benefits to our communities.”
Under the MOA, the provincial government and the BOI agreed to coordinate activities to attract new investors and support existing registered enterprises. Joint initiatives will include investment promotion seminars and missions, business‑matching events, and streamlined assistance for registration, permits, and licensing.
To better market local opportunities, the provincial government will share new and updated local ordinances, an LGU investment and location profile, and a database of available lands and infrastructure. The BOI will provide promotional support, technical assistance to enhance local ease‑of‑doing‑business systems, and direct follow‑up on regulatory and registration matters.
The agreement takes effect immediately and remains in force unless amended, revoked, or terminated. Next steps include developing a joint calendar of promotional activities, compiling the province’s investment profile, and operationalizing referral and follow‑up mechanisms for prospective and existing investors.
