Austrian firms eye investment cooperation with Hanoi
Austrian companies want to cooperate with Hanoi in areas that they are strong in, especially the development of smart cities and urban transport, said Philipp Gady, Vice President of the Austrian Federal Economic Chamber who accompanied Foreign Minister Alexander Schallenberg during a visit to Vietnam from April 16-18.
At a meeting on April 18 with Vice Chairman of Hanoi's People's Committee Nguyen Manh Quyen, Gady said Austrian companies hope to early finalise an MoU on cooperation with Hanoi authorities to promote bilateral relations.
For his part, Vice Chairman Quyen said that in the capital's development master plan, which is scheduled to be submitted to the National Assembly for approval in October, smart city development is a top priority, along with the adoption of technologies to manage traffic and the transition to green energy.
During this process, the capital will need the support of experienced and capable international partners.
Therefore, he said Hanoi welcomes Austrian companies to the city for exploring cooperation possibilities.
Austrian Federal Minister for European and International Affairs Alexander Schallenberg made an official visit to Vietnam from April 16-18 at the invitation of Foreign Minister Bui Thanh Son.
Austria now ranks among Vietnam's top 10 European trading partners. In 2022, bilateral trade was worth US$2.8 billion, with Vietnam exporting nearly US$2.5 billion worth of products to the European nation.