Austrian enterprises keen to invest in Vietnamese market
VOV.VN - Austrian media outlet Kronen Zeitung recently published an article describing the booming Vietnamese economy boasting a strong wave of investment from European firms, including those from Austria.
According to the article, a delegation consisting of Austrian firms from Steiermark state, led by Barbara Eibinger-Miedl, regional minister for Economics, Tourism, Europe, Science and Research, arrived in Vietnam last weekend to explore the country’s investment opportunities.
Aside from gaining greater insights into export potential, the article outlines that Steiermark’s businesses were seeking ways to strengthen connectivity and introduce their cutting-edge technologies to the emerging Southeast Asian nation.
The article quotes Eibinger-Miedl as saying that there are bright prospects ahead for Austrian businesses looking to invest in the field of energy, environmental technology, design, and construction, as well as green technologies in Vietnam.
Robert Brugger, managing director of the Internationalization Centre Styria, said after two years of the country’s borders being closed due to the COVID-19 pandemic, it is now the perfect time for Steiermark state to expand cooperation with its partners, including Vietnam which is enjoying a spectacular economic recovery.
He cited the projections made by economists, saying the Vietnamese economy is likely to grow by 7% this year and Austrian enterprises are keen to seek investment opportunities in the country moving forward.
The article notes the Vietnamese industrial sector has witnessed robust growth with new factories taking shape mostly in major cities such as Hanoi and Ho Chi Minh City that is expected to open up a wealth of opportunities for Steiermark’s businesses to co-operate in the sphere of infrastructure and environmental solutions.
According to the article, a number of firms from Steiermark in particular, as well as Austria in general, have been doing very well in Vietnam. They include popular names such as Andritz, a globally leading supplier of plants, equipment, and services for hydropower stations, and Voestalpine, the world’s leading technology group which offers high-quality flat-steel products.
Statistics compiled by the Austrian Economic Chambers Office (WKO) revealed that Steiermark's export turnover to Vietnam last year reached EUR28 million, while its import turnover hit EUR147 million.
At a recent conference hosted by the WKO in Vienna, Christina-Maria Schösser, regional manager for Asia of the WKO, said that Vietnam has risen to become one of the fastest growing economies, boasting favourable conditions which attract Austrian investors.
Currently Vietnam is Austria’s third largest import market in Asia. It is also a potential market for investment co-operation projects by Austrian enterprises.
