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Austrian firms eye investment cooperation with Hanoi

Austrian companies want to cooperate with Hanoi in areas that they are strong in, especially the development of smart cities and urban transport, said Philipp Gady, Vice President of the Austrian Federal Economic Chamber who accompanied Foreign Minister Alexander Schallenberg during a visit to Vietnam from April 16-18.

Austrian companies want to cooperate with Hanoi in areas that they are strong in, especially the development of smart cities and urban transport, said Philipp Gady, Vice President of the Austrian Federal Economic Chamber who accompanied Foreign Minister Alexander Schallenberg during a visit to Vietnam from April 16-18.

At a meeting on April 18 with Vice Chairman of Hanoi's People's Committee Nguyen Manh Quyen, Gady said Austrian companies hope to early finalise an MoU on cooperation with Hanoi authorities to promote bilateral relations.

For his part, Vice Chairman Quyen said that in the capital's development master plan, which is scheduled to be submitted to the National Assembly for approval in October, smart city development is a top priority, along with the adoption of technologies to manage traffic and the transition to green energy.

During this process, the capital will need the support of experienced and capable international partners. Read More..

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