HCM City welcomes Austrian investors in major development projects

Ho Chi Minh City welcomes foreign investors, including those from Austria, to engage in major development projects, a municipal official has said.

hcm city welcomes austrian investors in major development projects hinh 0
At the reception (Source: hochiminhcity.gov.vn)

At a reception for Mariana Kühnel, Deputy Secretary General of the Austrian Federal Economic Chamber, on November 22, Vice Chairman of the municipal People’s Committee Tran Vinh Tuyen highlighted the strong developments of Vietnam-Austria economic ties.

Currently, Austria ranks 30th among 106 countries and territories investing in HCM City, he said, adding that the investment value, however, has yet to match the strength and potential of both sides.

The official urged the Austrian chamber to cooperate and share its experience with HCM City in technological solutions, the improvement of living standards of people, high-tech medicine, flood control and water supply.

He spoke highly of Austria’s projects providing medical equipment and technologies for Cho Ray Hospital.

HCM City will create favourable conditions for Austrian businesses to study economic opportunities and turn cooperation potential of the southern hub and Austria into projects, Tuyen pledged

The city will also facilitate the survey and design of a cable car project by Austrian enterprises, he said, adding that the city hopes to step up tourism cooperation with Austria to utilise great potential of both sides in this regard.

For her part, Kühnel said her visit is expected to contribute to promoting investment and trade collaboration between businesses of Austria and HCM City.

Austrian firms are interested in and want to join hands with the Vietnamese southern metropolis in smart city building, environmental protection and urban infrastructure construction, she said.

The guest lauded HCM City’s friendly business environment and expressed her hope for enhanced delegation exchanges between the two sides.

She described the opening of the Austria’s trade office last May in HCM City as one of the favourable conditions for enterprises of both sides to step up their partnerships, especially in water supply, waste water treatment, firefighting and urban transport.

VNA