National Assembly Chairman Vuong Dinh Hue (L) and Vice President of the Austrian Chamber of Commerce Richard Schenz. (Photo: VNA)
Hanoi (VNA) – National Assembly Chairman Vuong Dinh Hue attended the Vietnam –Austria Business Forum in Vienna, Austria, on Septemb𒉰er 6 (local time).
The event was co-hostedby the Austrian Chamber of Commerce, the Vietnamese Ministry of Planning and Investment,and the Vietnamese Embassy in Austria. In his opening speech,Hue said Vietnam advocates drawing foreign investmentselectively with quality, efficiency, high technology and environmentprotection as key criteria, contributing to the country’s sustainablesocio-economic development.
He described Austria asone of Vietnam’s important export markets and now one of the five biggestimporters of Vietnamese goods in the European Union. Two-way trade hit 3.2 billion USDin 2020, he said.
The European country is investing iౠn 37 projects worth nearly 150million USD in Vietnam, mostly in manufacturing, processing andscience-technology.
According to the top legislator, bothsides need to step up the exchange of information regarding each country’sinvestment policies, particularly in clean energy, infrastructure,telecommunications, digital economy and application of bio-technology.
At thesame time, he suggested upholding the role of the Vietnam – Austria JointCommittee on Economic and Trade Cooperation, as well as carrying out i♉nves🐬tmentand trade promotion programmes in various forms, thus making it easier forfirms to better understand each other and opportunities in each country.
The two countries’relevant authorities need to continue facilitating two-way trade and investmentflows on the mutually beneficial basis, via the increased exchange of businessdelegations to explore opportunities, he said.
Hue also called on Austrian enterprisesto𒁃 urge the Austrian legislature and Government to complete procedures for theapproval of the EU - Vietnam Investment Protection Agreement (EVIPA) at ♏the earliest.
He affirmed thatVietnam commits to creating the best business environment towards meeting standardsof the Organisation for Economic Cooperation and Development (OECD). The Vietnamese NA isworking on a comprehensive programme to perfect the legal system towards creatingthe best favourable conditions for investors at home and abroad, he said. On the occasion, he proposed Austrian firms support the Austrian Government’s supplyof vaccines and medical equipment to Vietnam in the fight against COVID-19pandemic. Austrian businesseshailed Vietnam as an important investment market in Southeast Asia and wishedto hold more business-to-business meetings to discuss more in detail. Representatives fromthe Austrian Chamber of Commerce also pledged to help Vietnam attract qualityinvestors from the European nation./.
Vietnam and Austria discussed measures to promote economic-trade collaboration during a recent working session between Vietnamese Ambassador to Austria Le Dung and Austrian Deputy Minister for Digital and Economic Affairs Michael Esterl.
Prime Minister Nguyen Xuan Phuc hosted a reception for Austrian Ambassador to Vietnam Thomas Schuller-Gotzburg and AT&S Chief Operations Officer (COO) Ingolf Schroeder on March 23.
National Assembly (NA) Chairman Vuong Dinh Hue’s working visit to Austria to attend the fifth World Conference of Speakers of Parliament (WCSP5) will contribute to comprehensively promoting bilateral relations between the two nations, a Vietnamese diplomat has said.
National Assembly Chairman Vuong Dinh Hue arrived at the Vienna-Schwechat airport in Austria on September 5 evening, beginning his trip to attend the fifth World Conference of Speakers of Parliament (WCSP5) in Vienna at the invitation of President of the Inter-Parliamentary Union (IPU) Duarte Pacheco and President of the Austrian National Council Wolfgang Sobotka.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
National Assembly Chairman Vuong Dinh Hue (L) and Vice President of the Austrian Chamber of Commerce Richard Schenz. (Photo: VNA) 
