Business

HCM City pledges favourable conditions for Austrian investors

Ho Chi Minh City commits to creating optimal conditions for foreign businesses, including those from Austria, to operate in the southern economic hub, the city's mayor has said.
HCM City pledges favourable conditions for Austrian investors ảnh 1An aerial view of HCM City (Photo: tapchitaichinh.vn)
HCM City (VNA) – Ho Chi Minh Citycommits to creating optimal conditions for foreign businesses, including thosefrom Austria, to operate in the southern economic hub, the city's mayor hassaid.

At a reception for Austrian Ambassador to Vietnam Hans-PeterGlanze on November 30, Chairman of the municipal People’s Committee Phan VanMai named the city’s priority investment areas like clean energy, telecominfrastructure, digital economy and high-tech.

Austria ranks 31st among investors in HCMCity with 16 projects worth over 41 million USD, according to the official.

Mai thanked international friends, includingAustria, for their support during the COVID-19 resurgence over the past months,and spoke highly of economic cooperation between HCM City and Austria with two-waytrade reaching 159.4 million USD in the first 10 months of this year, up 164percent year-on-year.

HCM City pledges favourable conditions for Austrian investors ảnh 2Chairman of the municipal People’s Committee Phan Van Mai (L) receives Austrian Ambassador to Vietnam Hans-Peter Glanze(Photo: sggp.org.vn)
For his part, Glanze said following theestablishment of Austria’s industry and commerce office in HCM City in 2019,the city has been known as an important destination for Austrian investors.

Austria would increase the export of technology-intensiveproducts to Vietnam, he said, adding that Austria will also continue withcooperation projects in HCM City, focusing on such spheres as smart cities,transport, environmental protection and pharmacy./.
VNA
#Ho Chi Minh City#Austria#COVID-19 resurgence#investment areas#cooperation projects#vietnamplus#vietnam news agency
Follow VietnamPlus

Related News

Vietnam, Austria look to beef up friendly relations

Vietnam, Austria look to beef up friendly relations

The Vietnam - Austria relations have been consolidated and developed continuously despite effects of the COVID-19 pandemic, said Vietnamese Ambassador to Austria and permanent representative of Vietnam to international organisation in Vienna Nguyen Trung Kien.
Top legislator congratulates Austria on National Day

Top legislator congratulates Austria on National Day

On the occasion of Austria’s National Day on October 26, National Assembly (NA) Chairman Vuong Dinh Hue sent a congratulatory message to President of the Federal Council Christian Buchmann and President of the Austrian National Council Wolfgang Sobotka.

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.