Phuoc Dong Industrial Park & Port participates in ”Styria State Economic Forum (Austria) - Ho Chi Minh City”

23 businesses (DN) from Austria participating in ”Styria State Economic Forum (Austria) - Ho Chi Minh City” on October 19 expressed their desire to do business with Vietnamese enterprises in the fields of infrastructure. transportation, automobile industry, automation, smart city, green energy development and health.

Barbara Eibinger-Miedl, Minister of Economy, Tourism, Science and Research of the state of Styria - Austria, said that Austrian businesses want to promote investment cooperation in Ho Chi Minh City - Photo: VGP/Le Anh
Speaking at the Economic Forum of the State of Styria (Austria) - Ho Chi Minh City, Ms. Barbara Eibinger-Miedl, Minister of Economy, Tourism, Science and Research of the State of Styria - Austria emphasized the trade relationship. Trade and investment between Vietnam and Austria is growing strongly. The delegation of Austrian businesses came to Vietnam this time with the desire to expand investment cooperation in areas of strength such as: transportation infrastructure, automobile industry, automation, smart city, development. green energy and health. These are also the areas in which Austrian businesses have invested as well as intend to expand investment and cooperation in the near future in the context of making good use of the EU-Vietnam Free Trade Agreement (EVFTA). again.

Ms. Barbara Eibinger-Miedl expected that, through the forum as well as direct connection between businesses of the two countries, the two sides will have a deeper understanding of each other's opportunities, potentials and advantages; as well as creating favorable conditions for investors of the state of Styria to expand their investment and business in Ho Chi Minh City and vice versa.

Sharing about the potential of trade between the two countries, Mr. Dietmar Schwank, Austrian Trade Counselor in Ho Chi Minh City, said that currently, there are about 200 Austrian enterprises operating in Vietnam. In particular, Vietnam is both the largest export and import market of Austria's goods in the ASEAN region. According to statistics (except for the period of interruption due to the epidemic), in recent years, Vietnam's export turnover to Austria has increased by an average of 32% per year and in the opposite direction, Austrian enterprises have also exported to Austria. Vietnam market with a growth rate of nearly 20%/year.

Dietmar Schwank said that with the advantage of the EVFTA, Austrian businesses consider Vietnam a gateway to expand their markets in the ASEAN region. Austrian businesses are expected to have stronger growth in the near future in the context that Vietnam is recovering strongly after the epidemic. "Austrian businesses want to become a world-class partner of Vietnam," emphasized Mr. Dietmar Schwank.

Sharing with Austrian businesses about the potential and strengths of Ho Chi Minh City, Ms. Cao Thi Phi Van, Deputy Director of the Investment and Trade Promotion Center of Ho Chi Minh City (ITPC), said that Vietnam is a destination for foreign investors. investment in the world and Ho Chi Minh City is one of the top choices of investors with the strength of being the center of the southern key economic region with a population of over 10 million, per capita income twice country.

Along with that, one of the biggest advantages of Ho Chi Minh City is its highly qualified and professional human resources with more than 4.6 million employees.

Regarding attracting foreign investment, Ms. Van said that the city currently has more than 11,007 valid foreign investment projects from 115 countries and territories. In which, the Republic of Austria has 21 investment projects in the city with a total investment capital of more than 42 million USD, ranking 33/115 countries and territories registered to invest and do business in the city.

phuoc dong industrial park port participates in ??styria state economic forum austria ho chi minh city ??

Ms. Cao Thi Phi Van, Deputy Director of ITPC shared about the advantages and strengths of Ho Chi Minh City - Photo: VGP/Le Anh

Deputy Director of ITPC Cao Thi Phi Van said: Currently, Ho Chi Minh City is the locality with the largest and most diverse number of businesses in the country, with nearly 400,000 businesses investing and doing business in all regions. field. At the same time, the City also prioritizes attracting investors who use high technology and have strengths in the field of research and development; financial investors, have new technologies with high gray matter content, are environmentally friendly; digital economy, application of artificial intelligence; information technology industry; industry towards automation, using clean energy, renewable energy, etc.

Ms. Van said that at the forum, ITPC invited 110 Ho Chi Minh City enterprises to operate in the fields that 23 enterprises from Austria want to cooperate in investment in the fields of transport infrastructure, smart cities, and automobile industry. , automation, electronics, architecture, waste treatment and medical waste, to exchange, share experiences, connect investment, strengthen investment cooperation to develop together.

In the coming time, ITPC and the Austrian Consulate General in Ho Chi Minh City will be the bridge to support trade and investment for businesses of the two localities to cooperate and develop together.