Da Nang prioritizes financial and high-tech cooperation with Austria

Delegates attending the seminar.

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, Vietnamese Ambassador 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 discussion, Ambassador Vu Le Thai Hoang emphasized that Austria's model of autonomy 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 and high-tech center 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, artificial intelligence (AI), information technology, quantum, life sciences, neuroscience, etc. industries.

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 (mostly small and medium-sized enterprises, 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.

Scene of the seminar.

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 the city's two strategic pillars to promote sustainable growth. Resolution No. 222/2025 of the National Assembly of Vietnam has created a special 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.

Regarding the development orientation of a high-tech center, Da Nang will focus on upgrading infrastructure and expanding innovation space, developing international-standard human resources, prioritizing attracting investment projects in the production of chips, robots, electronic components, AI equipment, and developing a technology startup ecosystem.

The city leaders 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 near future.

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 opportunities and cooperate with Da Nang city.

Source: https://nhandan.vn/da-nang-uu-tien-hop-tac-tai-chinh-va-cong-nghe-cao-voi-ao-post924100.html