State President Vo Van Thuong has proposed that Austria create favorable conditions for its companies to increase their investment in Vietnam, particularly in industries such as automobile support products, railways, medical equipment, and pharmaceuticals.
During talks with Austrian President Alexander Van der Bellen in Vienna on July 24, President Thuong suggested that both sides continue working closely together and effectively utilize the benefits from the EU-Vietnam Free Trade Agreement, including facilitating access to each other’s markets for strong export items.
President Van der Bellen said Austria considers Vietnam an important partner in its foreign policy in the Asia-Pacific, especially in trade and investment.
The two Presidents positively assessed the development of economic, trade, and investment relations between the two countries, with two-way trade hitting $2.79 billion in 2022.
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