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.
An 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.
Chairman 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./.
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.
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An aerial view of HCM City (Photo: tapchitaichinh.vn) 
Chairman of the municipal People’s Committee Phan Van Mai (L) receives Austrian Ambassador to Vietnam Hans-Peter Glanze(Photo: sggp.org.vn) 
