Vietnam attractive to foreign investors: Austrian newspaper
Die Presse - a German-language daily broadsheet newspaper based in Vienna, Austria, on April 14 ran an article highlighting favourable conditions that make Vietnam more attractive to foreign investors.
Die Presse - a German-language daily broadsheet newspaper based in Vienna, Austria (Photo: VNA)
Berlin (VNA)🉐 – Die Presse - a German-languagedaily broadsheet newspaper based in Vienna, Austria, on April 14 ran an article highlighting favourable conditions that make Vietnam more attractive toforeign investors.
The newspaper also emphasised that the official visit toVietnam by Austrian Federal Minister for European and International Affairs Alexander Schallenberg from April 16-18 will help promote Austria'scooperation with Vietnam and the region. According to the article, thanks to solid growth, tradeagreements, and favourable investment conditions, Vietnam is increasinglyattractive to foreign businesses who are looking to diversify their supplychains. As a regional growth engine, since the beginning of thismillennium, Vietnam has consistently achieved an average Gross Domestic Product(GDP) of 6.2%, one of the highest growth rates in Asia. Vietnam has alsoovercome the COVID-19 pandemic without a recession, even last year, it recorded growth of over 8% - the highest growth rate in more than ten years. The article cited a report from the Pacific BasinEconomic Council (PBEC), which said that Vietnam's market has recently becomeincreasingly attractive to foreign investors as companies move their productionto the country.
Illustrative photo (Photo: VNA)
According to the article, export control measures andeconomic sanctions in the trade war, difficulties related to the supply chainas well as unpredictable consequences of the COVID-19 pandemic have forcedbusinesses to consider diversifying the supply chain. Besides, lower productioncosts in Vietnam are also attractive to investors. Inparticular, many foreign enterprises, including Austrian firms, have to find newmarkets after withdrawing from Russia due to the conflict in Ukraine. In thatcontext, Vietnam emerged as an attractive destination for investors. According toDietmar Schwank, Commercial Counsellor of the Trade Office of theAustrian Embassy in Vietnam, companies that are doing business in China will still keeptheir locations there, but they, with a geopolitical mindset, tend to seek newinvestment destinations rather than concentrating on just one country.
The article mentioned that over the past decade, Vietnam has transformed itself from anagricultural product/footwear/garment exporter to an electronic component/computer equipment manufacturer. This is partly related to Samsung Electronicsas half of this Korean company's mobile phones are manufactured in Vietnam andaccount for one-fifth of Vietnam's exports.
🌸 Vietnam's participation to free trade agreements (FTAs), including the EU-Vietnam Free Trade Agreement (EVFTA), makes the countrydifferent from other ASEAN nations.
According to Schwank, this is special because so far, theEU has not signed an FTA with any other emerging countries. It is the trade agreements that provide security forcompanies looking to find other reference markets, he said. The article assessed that the visit to Vietnam by Austrian Federal Minister for European and International Affairs Alexander Schallenberg and a business delegation led by VicePresident of the Austrian Federal Economic Chamber (WKÖ) Philipp Gady will contribute to boosting Austria's export-driven economy. According to Schallenberg, the Austrian Federal Ministryof European and International Affairs will take the lead and support Austria's exports to Vietnam,which will contribute to consolidating and diversifying Austria's relationswith the region. Meanwhile, WKÖ sees many opportunities for Austrianbusinesses in Vietnam, especially with industrial products. According to Gady, Austria can support the development of Vietnam'ssupply chain, such as machines for plastic processing, recycling or wood processing./.
Economic partnerships are one of the highlights in Vietnam - Austria relations, and both have shown their determination to strongly advance these ties.
The Vietnam Union of Friendship Organisations (VUFO) on November 26 hosted a ceremony to celebrate the 50th anniversary of the Vietnam-Austria diplomatic relations (December 1, 1972 - 2022).
A Vietnamese delegation has attended the fourth session of the UN Ad Hoc Committee to Elaborate a Comprehensive International Convention on Countering the Use of Information and Communications Technologies (ICT) for Criminal Purposes.
Vietnam exported 1.7 million tonnes of rice in the first quarter of 2023 worth over 900 million USD, a 19% increase in quantity and 30% rise in value compared to the same period in 2022.
Six groups of products posted an export revenue of over 1 billion USD to the US market in the first quarter of this year, with the group of machinery, equipment, tools and spare parts topping with 3.98 billion USD, according to the General Department of Vietnam Customs.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Die Presse - a German-language daily broadsheet newspaper based in Vienna, Austria (Photo: VNA) 
Illustrative photo (Photo: VNA) 
