Prime Minister urges Austrian firms to invest in Vietnam

ABO/VNA – Prime Minister Nguyen Xuan Phuc welcomed the opening of an office of the Austrian Federal Economic Chamber (WKO) in Vietnam and urged Austrian firms to invest in the country.

Prime Minister Nguyen Xuan Phuc (R) receives President of the Austrian Federal Economic Chamber Harald Mahrer in Hanoi on May 14 (Photo: VNA)

Receiving WKO President Harald Mahrer in Hanoi on May 14, the PM affirmed that Austria is an important and trustful partner of Vietnam and calling on the two countries to bolster bilateral trade, economic and investment ties.

He remarked that Austrian investment in Vietnam is still modest, expressing the wish that the WKO office in Vietnam will help promote the investment flow between the two countries.

PM Phuc said Austrian firms should act quickly to seize the opportunities that the EU-Vietnam free trade agreement will bring about. He suggested that they can invest in Vietnam in the fields of processing, metallurgy, manufacturing, e-commerce, textile, glass, banking and insurance.

Harald Mahrer appreciated the support of the Vietnam Chamber of Industry and Commerce and Vietnamese agencies for the opening of the WKO office in the country. The office will provide an important foundation for enhancing ties between the business communities of the two countries, he said.

According to the WKO President, representatives of about 50 Austrian firms are accompanying him in this trip to Vietnam with the purpose of studying business and investment opportunities in the country.

(Source: VNA)