The economies of Vietnam and Austria can complement each other as Australia needs highly skilled labor to compensate for the shortage caused by an aging population, while Vietnam boasts a young, intelligent, hardworking, and eager-to-learn workforce.
Vietnam is also a highly potential partner for skilled labour, especially as Austria continues to expand its labour markets beyond Southeast Europe, the Philippines, Indonesia, and Brazil, said Rene Tritscher, head of the Austrian Business Agency (ABA).
Impressed by Austria’s digital prowess, Deputy Minister of Public Security Sen. Lieut. Gen Le Quoc Hung pushed for faster negotiations on a bilateral crime prevention agreement, alongside drafting of extradition and prisoner transfer treaties.
Governor Johanna Mikl-Leitner endorsed the Vietnamese Embassy’s initiative, in coordination with the Austrian Federal Economic Chamber and Lower Austria, to hold a Vietnam–Austria forum on skilled labour and vocational training.
The ceremony opened with the flag-salute ritual and the national anthem performed by the Vietnamese – Austrian youth choir, evoking the historic moment of September 2, 1945, when President Ho Chi Minh read the Declaration of Independence, giving birth to the Democratic Republic of Vietnam, now the Socialist Republic of Vietnam.
Vietnamese Ambassador Vu Le Thai Hoang expressed the country’s wish to promote substantive and effective defence cooperation with Austria, in line with the bilateral relations and the cooperation between Vietnam and the European Union (EU).
The deal includes 100 million EUR in conditional credit and an additional 50 million EUR in unconditioned funds, serving as a legal basis for both sides to negotiate the common principles on lending and borrowing, and to carry out procedures for future loan agreements for projects from 2025 to 2030.
State President Luong Cuong has sent a message of condolences to Austrian President Alexander Van der Bellen over a shooting on June 10 that claimed many lives and left many wounded.
Deputy Minister Hang highlighted Vietnam’s role in hosting the signing ceremony for the Hanoi Convention, a new UN treaty on cybercrime, scheduled for October 25-26 in Hanoi.
The event brought together major technology firms from both countries, including Austria’s TTTech, Infineon Technologies Austria, and Dynatrace, as well as Vietnam’s FPT, VNPT, Sovico, and Genetica.
During his visit to BOKU on May 14, the ambassador highlighted that promoting smart and sustainable agriculture is a top priority within Vietnam’s strategy for sustainable agricultural and rural development for the 2021–2030 period, with a vision to 2050.
The “Vietnam – Austria High-Tech and Innovation” is expected to position Vietnam as a strategic destination for European tech investors to integrate more deeply into the global value chains of the high-tech sectors.
A delegation from the Ministry of Science and Technology paid a working visit to Europe from March 24-28, during which they held several meetings to promote the semiconductor industry and the safe, sustainable use of atomic energy.
Vietnam is highly interested in and wishes to strengthen partnerships with Austrian hi-tech companies, helping it make breakthrough in science, technology, and digital transformation, said Ambassador Vu Le Thai Hoang.
The Australian Department of Foreign Affairs and Trade has praised Party General Secretary Nguyen Phu Trong for his pivotal role in advancing bilateral relations to a comprehensive strategic partnership.
