The event attracted representatives from Austria’s Ministry of Economy, Energy and Tourism, the Austrian Economic Development Agency, the OPEC Fund, and nearly 30 leading technology, finance, and banking companies.

In his opening remarks, Vietnamese Ambassador to Austria Vu Le Thai Hoang emphasised that Austria’s experience in technological self-reliance, innovation, and financial centre development could support Da Nang in building international finance and high-tech hubs.

The government of Austria is increasingly focusing on the Asian market, viewing Vietnam as a gateway to the Southeast Asian market. Building on its advanced manufacturing industry, Austria is investing in and promoting cooperation and business development in sectors such as semiconductors, artificial intelligence, information technology, quantum technology, life sciences, and neuroscience.

Austria is a key technological link within the German-speaking technology ecosystem, which includes Germany, Austria, and Switzerland, as well as across Europe. It serves as an effective model of collaboration between the government, research institutes, universities, businesses, and start-ups, most of which are small and medium-sized enterprises or family-owned businesses.

The Austrian finance and banking sector is large relative to GDP, with an extensive international partner network and strengths in insurance, asset management, innovative finance, fintech, and digital assets, operating under high market supervision standards.

Meanwhile, Da Nang leaders, including Deputy Secretary of the City Party Committee Ngo Xuan Thang and Permanent Vice Chairman of the People’s Committee Ho Ky Minh, affirmed that finance and technology are strategic pillars to promote sustainable growth in the city.

Under the Resolution 222/2025 approved by the National Assembly, Da Nang is creating special institutional frameworks to develop an International Financial Centre, focusing on green finance, fintech, digital assets, cross-border financial services, linked with seaports, logistics, and international tourism. For high technology, the city aims to upgrade infrastructure, expand innovation spaces, and attract investment in chips, robotics, electronic components, AI, and technology start-ups.

Austrian business representatives expressed strong interest in Da Nang’s potential and strategies, raising questions and suggestions regarding investment policies, energy, infrastructure, education, and environmental protection.

The Austrian government and trade promotion agencies pledged to support businesses in exploring the market, expanding connections, and pursuing cooperation opportunities in Da Nang.

The business roundtable highlighted Da Nang’s commitment to attracting international investment and leveraging European expertise and technology to develop the city into a leading financial and high-tech hub in Vietnam.

Austria, Vietnam enhance cooperation in labour and investment

VOV.VN - Vietnam and Austria discussed ways to enhance cooperation in skilled labour and investment during a meeting between Vietnamese Ambassador to Austria Vu Le Thai Hoang and Rene Tritscher, Managing Director of the Austrian Business Agency (ABA) in Vienna on October 29.