Prime Minister Nguyen Xuan Phuc receives Austrian Ambassador, AT&S executive

Prime Minister Nguyen Xuan Phuc hosted a reception for Austrian Ambassador to Viet Nam Thomas Schuller-Gotzburg and AT&S Chief Operations Officer (COO) Ingolf Schroeder on March 23.
Prime Minister Nguyen Xuan Phuc receives Austrian Ambassador, AT&S executive
Prime Minister Nguyen Xuan Phuc (R) hosts a reception for Austrian Ambassador to Viet Nam Thomas Schuller-Gotzburg. (Photo: VNA)

Speaking highly of the Viet Nam visit by Schroeder and AT&S staff to study investment possibility in the country, PM Phuc informed his guests that despite COVID-19, Viet Nam recorded a GDP growth of 2.91 percent last year, which is a major success of the country.

Viet Nam continues to attract foreign direct investment projects, the Government leader said, noting his welcome of the Austrian manufacturer’s intention to invest in the country.

Ambassador Schuller-Gotzburg congratulated Viet Nam on the successful organisation of the 13th National Party Congress, adding that as the two nations will celebrate the 50th founding anniversary of diplomatic ties next year, he hoped that COVID-19 will be brought under control so that the sides can resume exchanges across multiple spheres.

He also expressed his belief that AT&S’ planned project in Viet Nam, which is a major one with an investment of about 1.5 billion EUR (1.78 billion USD) and expected to employ 6,000 workers, will be in line with Viet Nam’s policy of drawing high tech investment.

Austria is paying heed to the project as Viet Nam is among the world's leading destinations for FDI, the diplomat said.

For his part, Schroeder thanked the Vietnamese government and localities for facilitating the visit, which he said is important for the company to make a decision on investment. He said the company is confident that it will be able to build a manufacturing plant in Viet Nam in a short time, meeting increasing demand in the sector. Therefore, it is planning to build two plants in the first phase, he said.

The Austrian firm hopes to receive support from the Vietnamese Government for the fruitful implementation of the project, especially the recruitment of at least 1,500 engineers, according to the AT&S executive.

In reply, PM Phuc said that many FDI projects in Viet Nam have reaped success, citing for example Intel and Samsung. He affirmed that the Vietnamese Government has always offered the best conditions for foreign investors through investment incentives, especially for hi-tech projects.

The PM said both the northern province of Thai Nguyen and the southern economic hub of HCM City has good infrastructure, from transport to electricity, water and gas supply, which can meet the needs of investors.

He voiced his belief that Viet Nam is the best choice for foreign investors, and hoped that AT&S will soon finalise its investment decision.

The Vietnamese Government leader also stressed that the Viet Nam-Austria relations have been flourishing, and the two nations have optimal conditions for successful cooperation.

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(Source: VNA)