Prime Minister Nguyen Xuan Phuc (R) receives President of the Austrian Federal Economic Chamber Harald Mahrer in Hanoi on May 14 (Photo: VNA)

At a meeting with WKO President Harald Mahrer in Hanoi on May 14, the PM affirmed that Austria is an important and trustful partner of Vietnam and calling on the two countries to bolster bilateral trade, economic and investment ties. He said Austrian investment in Vietnam is still modest, expressing the wish that the WKO office in Vietnam will help promote the investment flow between the two countries.

PM Phuc said Austrian firms should seize the opportunities that the EU-Vietnam free trade agreement will bring about. He suggested that they can invest in Vietnam in the fields of processing, metallurgy, manufacturing, e-commerce, textile, glass, banking and insurance.

Harald Mahrer appreciated the support of the Vietnam Chamber of Industry and Commerce and Vietnamese agencies for the opening of the WKO office in the country. The office will provide an important foundation for enhancing ties between the business communities of the two countries, he said.