“Cooperation with Vietnam is access to a market of 1.3 billion people”

National Assembly Chairman Vuong Dinh Hue attended the Vietnam – Austria business forum in Vienna (Austria) on September 6 – Photo: VNA

On the morning of September 6 at local time, National Assembly Chairman Vuong Dinh Hue and members of the high-ranking delegation of the National Assembly of Vietnam attended the Vietnam – Austria business forum.

The event was co-organized by the Embassy of Vietnam, the Ministry of Planning and Investment and the Austrian Federal Economic Chamber, with the participation of more than 30 leaders representing more than 20 Austrian corporations and companies and representatives some Vietnamese enterprises.

Mr. Richard Schenz – vice president of the Austrian Federal Economic Office – said that Austria wants to find new investment opportunities in Vietnam to avoid disruptions in the commodity supply chain that are at risk of occurring on a global scale. current demand.

“We find that the focus of international economic activities today is very much concentrated in Asia, especially in Vietnam. We have also recently opened a representative office in Ho Chi Minh City, participating in the contract. cooperation on smart cities, infrastructure, clean energy development…

At the same time, we see the potential for technology development in dealing with environmental problems and waste,” said Mr. Schenz.

Austrian businesses attending the forum are active in the fields of finance, banking, healthcare, consulting, transportation, automobile, security equipment, fire prevention, medical waste treatment, trade, etc. law, aviation services and energy…

Among these are many partners who have been implementing projects in Vietnam such as cable car construction in Da Nang, Lao Cai, auto parts production, multinational companies headquartered in the region. Southeast Asia in Vietnam.

Speaking at the forum, National Assembly Chairwoman Vuong Dinh Hue said that Vietnam’s economy will grow at a growth rate of 2.91% in 2020, among the highest in the world.

In the first 8 months of 2021, Vietnam’s economy still achieved positive results when GDP in the first 6 months grew by 5.64%, trade turnover reached nearly 429 billion USD (up 27.2% compared to the previous year). same period in 2020), international credit rating agencies raised their outlook to positive, macroeconomic indicators were stable…

Vietnam has become the 3rd largest economy in ASEAN with a GDP of over 350 billion USD, with positive results of FDI attraction, Vietnam was first recognized by the United Nations Conference on Trade and Development (UNCTAD). ) included in the list of 20 top FDI attracting countries in the world.

The International Monetary Fund (IMF) forecasts that Vietnam’s economic growth will reach 6.5% in 2021, higher than the 6% growth rate of the whole world.

Entering 2021, a year of special significance for Vietnam, is the first year of implementing the 10-year socio-economic development strategy 2021-2030 and the 5-year socio-economic development plan. From 2021 to 2025, Vietnam has given a perspective on socio-economic development in the coming period.

Regarding foreign investment, Vietnam advocates selectively attracting and cooperating with foreign investors, taking quality, efficiency, technology and environmental protection as the main evaluation criteria.

At the same time, Vietnam prioritizes attracting projects in the fields of high technology, innovation, research and development, which have the spread of connection and cooperation, creating favorable conditions for Vietnamese businesses to participate in value chain, promote the digital economy and make positive contributions to the sustainable socio-economic development of Vietnam”, National Assembly Chairman Vuong Dinh Hue emphasized.

The National Assembly Chairwoman also mentioned the EU-Vietnam Trade Agreement (EVFTA), which has been implemented by Vietnam and the European Union (EU) for more than a year.

Currently, the National Assembly of Vietnam and the European Parliament (EP) have approved the EVIPA Investment Protection Agreement. But according to regulations EVIPA must be ratified by each member parliament of the EU countries.

The National Assembly Speaker reiterated the fact that so far only 6/27 countries have officially ratified the EVIPA, of which Austria is the country that has not yet ratified it.

Therefore, we want the Austrian Federal Economic Chamber and Austrian businesses to support Vietnam and have a voice to push the Austrian National Assembly and Government to complete the procedures for ratifying the EVIPA Investment Protection Agreement as soon as possible. .

We compare EVFTA and EVIPA as two wings of a bird, if there is only a Trade Agreement without an Investment Protection Agreement, the interests of Vietnamese investors as well as those of Europe will not be benefited. guaranteed.

When the ratification of these agreements is completed in the Parliament, then we can consider these two agreements as a highway, a two-way economic avenue to connect Europe with Vietnam. Vuong Dinh Hue Association emphasized with Austrian businesses.


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