Automotive and mechanical industries boast huge potential for co-operation with Austria

VOV.VN - A number of key industries such as automobile production and mechanics are viewed as projects that have great potential and prospects for co-operation between Austria and Vietnam, according to the Vietnam Association of Mechanical Industry (VAMI).

Austria is part of the EU and is notable for having a developed and stable economy that has been ranked as an industrialised country by the UN Industrial Development Organization (UNIDO) with a good social welfare policy.

In the Central European country, services account for a high proportion of GDP, approximately 70%, followed by industry, between 28% and 30%, along with agriculture, at around 1%, while the exports of goods and services make up more than 50% of its GDP.

Furthermore, the European nation's important industries include mechanical engineering and machinery manufacturing, iron and steel and non-ferrous metals, automobiles, energy, along with electricity and electronics. Indeed, the iron and steel industry, manufacturing machinery, and automobile production account for roughly 40% of the total value of industrial production.

Most notably, Austria has always primarily focused on the field of research and development (R&D). According to the EU's annual assessment, it has research strengths in fields such as automobiles, energy, the environment, construction, transport, new technology, high-tech agriculture, information technology, and the media.

At present, Austrian automotive technology has strong appeals to many international companies, largely thanks to its high-quality and highly-skilled workforce.

The Austrian automotive industry, including the supply of components, is among the top three industries in the European country, with one of every nine Austrians working in the sector.

Austria is also the most diverse test site in Europe for self-driving cars, high-performance batteries, along with the use of artificial intelligence in the transport sector. This comes as more than 1,600 patents were registered in the automotive industry between 2011 and 2015.

Austrian auto parts suppliers are also renowned for being reliable partners amid tough competition, with AVL List, Miba, Pankl Racing, and TTTech becoming indispensable partners in the global automotive industry, with car production value reaching some EUR25.5 billion per year.

Regarding co-operation with the Vietnamese market moving forward, AVL List and Magna Steyr are helping VinFast to design engines and transmission systems, along with producing batteries for electric vehicles.

With a world-leading competitiveness in the field of auto parts, Austria has the capacity to produce almost all components at a high standard and on schedule.

As for four-wheelers, every second car in the world uses an Austrian-made powertrain. Therefore, Austria represents a potential partner and can meet the development needs of the Vietnamese support industry.

Along with the auto industry, Austria stands out for its environment and positive policies regarding Industry 4.0.

Boasting modern infrastructure facilities, a long history of automation industry development, and synchronous linkages between businesses and research units, Austria takes the lead in the EU in the field of Industry 4.0.

Factories with a smart production model that combine traditional production with cyber operations are seen as a typical example in Austria’s Industry 4.0 development.

Recently, National Assembly (NA) Chairman Vuong Dinh Hue led a high-ranking NA delegation to attend the fifth World Conference of Speakers of Parliament in Austria. During this period, he paid a working visit to the European Parliament (EP), alongside a number of other countries, with a view to upgrading relations among EU members.

With these strengths, Austria can be viewed as a strong potential partner for development co-operation with the Vietnamese mechanical industry moving forward.

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