Vietnam’s Ministry of Finance, in cooperation with the Vietnamese Embassy in Austria, held a Vietnam-Austria Investment Connectivity Dialogue in Vienna on September 14, bringing together representatives of government agencies, financial institutions, banks, businesses and investors from both countries.
Speaking at the event, Deputy Minister of Finance Nguyen Duc Chi said Vietnam is prioritising the attraction of high-quality investment while ensuring equal treatment and full protection of investors’ legitimate rights and interests.
Vietnam is also accelerating the development and operation of international financial centres in Ho Chi Minh City and Da Nang, with a focus on financial technology, green finance and controlled regulatory sandboxes.
Mr. Chi said bilateral economic ties have favourable conditions for deeper cooperation. Driven in part by the EU-Vietnam Free Trade Agreement (EVFTA), the two-way trade between Vietnam and Austria has reached approximately $2.5-2.7 billion, making Vietnam Austria’s largest trading partner in ASEAN.
Austria currently has 49 valid investment projects in Vietnam with total registered capital of nearly $150 million, while around 60 Austrian companies have representative offices or branches in the country.
At the dialogue, Mr. Chi called for closer cooperation in three key areas: promoting the full ratification of the EU-Vietnam Investment Protection Agreement (EVIPA); encouraging Austrian financial groups, banks, investment funds and fintech companies to enter Vietnam’s financial market as strategic investors; and expanding investment in complementary sectors, including high technology, AI, clean and renewable energy, transport infrastructure, smart cities, green finance, carbon markets and the circular economy.
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