Illustrative image (Photo: VNA)
Brussels (VNA) – The portal of
the Austrian Federal Economic Chamber has run an article hailing Vietnam’s
consistent, drastic and effective measures against the COVID-19 pandemic, adding
that the Vietnamese market remains attractive to Austrian firms.
The article said it is not without reason that the Austria’s IC- Steiermark Centre (ICS) has brought Vietnam into a
focus programme this year, on the back of its 2.9 percent economic growth,
which could reach 5-7 percent this year.
It quoted Austrian Commercial Counsellor in Ho
Chi Minh City Dietmar Schwank as saying that Vietnam has insisted on virus
containment and wide quarantine for immigrants. Such policy has proven successful in both health and economic terms. Border closure, a 14-day quarantine without
exceptions and a consistent anti-pandemic plan have helped Vietnam curb the virus
Meanwhile, failures in tourism sector which experienced a boom
with 18 million visitors in 2019 could be offset by public investment, manufacturing
and domestic consumption.
Additionally, the Vietnamese Government also offered aid
packages to enterprises and the unemployed.
In political and macro-economic terms, the author hailed Vietnam
as stable country with its key policies of economic liberalisation, investment
in infrastructure and foreign investment attraction. All such factors have made
Vietnam attractive to Austrian companies.
According to the article, the European Union – Vietnam Free
Trade Agreement, which took effect in August 2020, has also brought advantages to
bilateral cooperation. Vietnam is now the largest trade partner of Austria in
Southeast Asia, with imports from the latter amounting to nearly 1 billion EUR. New
business opportunities could be identified in infrastructure, health care,
energy, urban technology, environment, security, disaster management, hi-tech
products and production machinery.
The ICS’s adding Vietnam into its 2021 focus programme could
open up a series of events such as seminars and trips to the country this
The centre said exporters and Austrian firms operating in mechanical
engineering, food and pharmaceuticals will enjoy many chances when navigating the