Wien/Hanoi, 24. October 2012 Press release

Lopatka: “Austrian businesses pursuing expansion in Vietnam”

Great potential in the future-oriented energy, environmental and education sectors

Hanoi, 24 October 2012 – “Vietnam is Austria’s fourth most important export market in Southeast Asia and enjoys annual growth rates of more than 5%. 25 Austrian companies have already established subsidiaries in Vietnam. The focus of Austrian business commitment has so far been on plant construction and the health care sector. We are, however, planning to strengthen our position and utilise the potential for more economic cooperation in future”, State Secretary Reinhold Lopatka said after a working meeting with Vietnam’s Minister for Industry and Trade Vu Huy Hoang. The State Secretary visited Vietnam together with a market exploration mission of the Austrian Economic Chamber with representatives of companies including Alpine Bau, Andritz Hydro, bit media e-Learning solution, Doppelmayr, iC consulenten Ziviltechniker, Lohmann & Rauscher, MM Consulting and Implementation as well as Zierl Consult ZT.

“Energy, environment and education are the sectors that are of the utmost relevance for Vietnam’s future development. Austrian expertise in these future-oriented sectors is highly valued by Vietnam and in strong demand”, Lopatka said. According to Lopatka, new business opportunities would also emerge in the framework of schemes of the World Bank and Asian Development Bank (ADB). The ADB’s focus is on energy, environment, education, agriculture, transport and water management. “Representing Austrian business interests is one of the core tasks of our foreign policy. It is important for us to strengthen our partnerships with threshold countries such as Vietnam”, the State Secretary added.

Austrian trade with Vietnam tripled in volume between 2001 and 2011 to 444 million euros. “I was assured that Austrian companies enjoy an excellent reputation and that their innovations and the quality of their products and services are greatly valued. Vietnam hopes for further Austrian investment”, Lopatka continued. The world’s longest cableway (Doppelmayr) leading up to the Ba Na Mountain in Central Vietnam is one example of the high-tech projects implemented by Austrian companies; a second example is Southeast Asia’s most advanced exhaust gas testing facility in Hanoi (AVL). Over the past few years, 40 Vietnamese hospitals have been modernized using Austrian know-how.

The State Secretary also met the Vietnamese Minister for International Affairs Pham Binh Minh, MoPs and religious leaders. “Given its multi-religious society, Vietnam is also greatly interested in our activities in the context of the dialogue between religions and cultures and the new International Centre for Interreligious and Intercultural Dialogue in Vienna“, the State Secretary concluded.

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