Austria, Vietnam foster trade ties
(VOV) -The Vietnam Chamber of Commerce and Industry (VCCI) and the Carinthia Economic Chamber (CEC) jointly held a business forum in Hanoi on March 13.
VCCI Deputy Chairman Doan Duy Khuong pledged to create favourable conditions for Austrian businesses to invest and expand operation in Vietnam, a country with more than 80 million people- close to other large markets operating in the ASEAN-China, ASEAN-Japan and ASEAN-Korea Free Trade Areas.
He said Vietnam remains to be an attractive destination for foreign investors, including those from Austria, as its government is set to encourage the development of the private economic sector while completing the legal frameworks for the market economy to grow steadily.
Tran Ngoc Quan, Deputy Head of the Europe Market Units, said the two countries’ bilateral trade turnover has risen sharply from US$175 million in 2007 to US$1.3 billion in 2012.
Austrian Ambassador Georg Heindl said Austria has a good opportunity to increase investment and trade cooperation with Vietnam which enjoys political stability and strong growth in many sectors.
He expressed his hope that the business forum will help lift Austria-Vietnam relations to a higher level.