Austria commits to accompany and support businesses to expand connections, investments and cooperation with Da Nang City.

On November 17, in Vienna, Austria, Da Nang City coordinated with the Vietnamese Embassy in Austria to organize a Business Seminar "Da Nang: An emerging financial and technology center in Vietnam".

Business seminar " Da Nang : Emerging financial and technology center in Vietnam" took place in Vienna, Republic of Austria.

Co-chairing the discussion were Mr. Ngo Xuan Thang, Deputy Secretary of the Da Nang City Party Committee; Mr. Ho Ky Minh, Permanent Vice Chairman of the Da Nang City People's Committee; Mr. Vu Le Thai Hoang, Ambassador of Vietnam to the Republic of Austria.

Attending from Austria were representatives of the Ministry of Economics , Energy and Tourism, the Austrian Federal Agency for Economic Development, the Austrian Federal Agency for Business and Labor Promotion, the Austrian Federal Chamber of Economics, the OPEC Fund and nearly 30 representatives of large Austrian high-tech, financial and banking enterprises.

Opening the seminar, Ambassador Vu Le Thai Hoang emphasized that Austria's model of self-reliance in source technology, core technology, innovation and banking system, the leading financial center of the Central - Eastern Europe region has a lot of potential to suit the needs, prioritizing the construction of an international financial center and high technology of Da Nang city.

The Austrian government increasingly attaches importance to the Asian market, considering Vietnam as a gateway to the Southeast Asian market. Based on the advanced manufacturing industry, the Austrian government is investing in development and promoting cooperation and business in the semiconductor, AI, information technology, quantum, life sciences , neuroscience, etc. industries.

Finance and technology are two strategic pillars of Da Nang City to promote sustainable growth.

Austria is a key technological link in the German-speaking technology ecosystem (including Germany, Austria, Switzerland) and in Europe, an effective model of linkage between Government, research institutes, universities, businesses and start-ups (most of which are small and medium-sized enterprises and family businesses).

Austria's banking and finance sector is large in relation to GDP, with an extensive international network of partners and strengths in insurance, asset management, innovative finance and fintech, digital assets, and high standards of market supervision.

Mr. Ngo Xuan Thang, Deputy Secretary of the Da Nang City Party Committee and Mr. Ho Ky Minh, Permanent Vice Chairman of the Da Nang City People's Committee affirmed that finance and technology are two strategic pillars of the City to promote sustainable growth.

Resolution No. 222/2025 of the Vietnamese National Assembly creates a specific institutional framework, creating new momentum for Da Nang to build an International Financial Center with a focus on green finance, financial technology and digital assets, trade finance and cross-border financial services associated with seaports, logistics, and international tourism.

The Embassy of Vietnam in Austria and Da Nang City jointly organized a Business Forum.

Regarding the development orientation of high-tech centers, the City focuses on upgrading infrastructure and expanding innovation space, developing international-standard human resources, prioritizing attracting investment projects in manufacturing chips, robots, electronic components, AI equipment, and developing a technology startup ecosystem.

The City leader emphasized that Austrian businesses and investors with a strong financial system and advanced technology can be suitable partners to join Da Nang in building an effective and mutually beneficial cooperation model, realizing the goal of building an international financial and high-tech center in the coming time.

The Austrian guests were impressed with Da Nang's potential and aspirations, asked many questions, discussed enthusiastically and made many proposals on the city's investment attraction policies, energy supply, infrastructure and traffic connections, waste treatment capacity and environmental protection, and cooperation in education and training of high-quality human resources.

The Austrian government and trade and investment promotion organizations also committed to accompanying and supporting businesses to promote market research, expand connections to find investment and cooperation opportunities with Da Nang City.

Source: https://baoquocte.vn/ao-cam-ket-dong-hanh-ho-tro-cac-doanh-nghiep-mo-rong-ket-noi-dau-tu-hop-tac-voi-tp-da-nang-334864.html