HCM City wishes to see more investment activities from Austrian firms: official
Ho Chi Minh City wants to see more investment promotion activities from Austrian enterprises to tap on the sides’ cooperation potential, said Vice Chairman of the municipal People’s Committee Vo Van Hoan while receiving a business delegation from Austria on May 16.
HCM City (VNA) – Ho Chi Minh City wants to see moreinvestment promotion activities from Austrian enterprises to tap on the sides’cooperation potential, said Vice Chairman of the municipal People’s Committee VoVan Hoan while receiving a business delegation from Austria on May 16.
Taking into account Austrian firms’ opinions, the city official statedthat their concerns are also what the city is working to address and their recommended solutions should soon be studied for real-life implementation.
Highlighting challenges facing the city in waste and wastewater treatment, Hoan hoped that Austrian enterprises with interest in the field to offer consultations and transfer technologies to the city, and invest in building treatmentplans here.
He said the firms can also share their experience anddirectly participate in the city’s smart city development projects.
For his part, Austrian Ambassador to Vietnam Hans-PeterGlanzer, who led the delegation, said the delegation, the first from hiscountry to Vietnam after two years of hiatus due to the COVID-19 pandemic, looks to seek collaboration chanceswith the city and southern localities in green infrastructure development.
The diplomat said as both nations are stepping up the use ofclean and renewable energies, room remains tremendous for their businesses towork together in green energy, green technology, green transport, and wastewater treatment./.
Ho Chi Minh City highly values the Netherland’s capacity and experience in climate change adaptation, water management and sustainable agriculture, Vice Chairman of the municipal People’s Committee Vo Van Hoan said on April 26.
Ho Chi Minh City lured 1.28 billion USD worth of foreign investment in the first fourth months of 2022, an annual rise of over 12 percent, reported the municipal Department of Planning and Investment.
Vice Chairman of the Ho Chi Minh City People’s Committee Vo Van Hoan on May 4 met with Alla Ayodhya Rami Reddy, a member of the upper house of India, who was leading a business delegation, including representatives of the Ramky Group, to the city to explore cooperation chances in waste treatment.
Ho Chi Minh City will spare no efforts to translate its cooperation plans with the state of Victoria in Australia, Chairman of the municipal People’s Committee Phan Van Mai said on May 16.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
At the event (Source: VNA) 
