Vorarlberg enterprises (Austria) are optimistic about Vietnam's market potential

Ambassador Vu Le Thai Hoang meets State Parliament President Harald Sonderegger.

Vorarlberg boasts Austria's most dynamic economy, with advanced technology and an increasing number of businesses investing in Vietnam for the long term.

During the meetings, Ambassador Vu Le Thai Hoang introduced Vietnam's socio-economic development, the robust reforms underway, and the country's development orientation towards 2045, with a focus on science, technology, innovation, and high-quality human resources.

The Ambassador emphasised that Vietnam's stable political foundation, its network of free trade agreements, and deep economic integration create favourable conditions for Austrian businesses to expand investments, business operations, and regional market connections.

In discussions with State Parliament President Harald Sonderegger, both parties explored ways to enhance economic cooperation, education, vocational training (particularly in nursing), and technology. They assessed the trust and successful cooperation models of Austrian enterprises in Vietnam as a foundation for expanding connections, especially supporting Vorarlberg's small and medium enterprises in exploring the market, production partners, and supply sources in Vietnam. Implementing cooperation programs with tangible results is essential for deepening Vietnam-Austria relations in general and Vietnam-Vorarlberg ties in particular, with the 55th anniversary of diplomatic relations in 2027 in mind.

Ambassador Vu Le Thai Hoang meets State Economic Chamber President Karlheinz Kopf.

In the meeting with State Economic Chamber President Karlheinz Kopf, both parties discussed vocational training cooperation aligned with business needs. The model that integrates training institutions and businesses is identified as a promising direction for cooperation, helping meet workforce demands and enhancing production connectivity between the two sides.

Both sides highly valued the investment promotion program by Advantage Austria's office, scheduled in Vietnam from October 6–9, 2026, focusing on railway infrastructure, smart transportation, urban and maritime technology in Hanoi, Ho Chi Minh City, and Hai Phong.

Ambassador Vu Le Thai Hoang meets Doppelmayr Group leaders.

At Doppelmayr Group, a global leader in designing, manufacturing, and installing cable car systems for tourism, urban transport, and cargo, the Ambassador met with CEO Gerhard Gassner.

The group's leadership praised Vietnam's positive growth rate and market potential – Doppelmayr's number one market in Southeast Asia – as well as the capabilities and professionalism of Vietnamese engineers. Doppelmayr is successfully collaborating with Vietnamese partners, including Sun Group and Vin Group, to implement numerous cable car projects at Vietnam's renowned tourist destinations.

Ambassador Vu Le Thai Hoang visits ÖBB Railway Company.

Ambassador Vu Le Thai Hoang visits DREWES Logistics.

During the visit, the Ambassador also toured Künz, ÖBB Terminal Wolfurt, and DREWES Logistics, which are investing and operating effectively in Vietnam's logistics sector. Business leaders appreciated the government's efforts to improve the investment environment and the quality of Vietnam's human resources, expressing optimism about the market's vast potential and committing to long-term investment.

The visit contributed to strengthening local diplomacy, opening up markets, and connecting investments between Vietnam and Vorarlberg in particular, and Austria in general. It aims to boost high-quality, high-tech Austrian investments in Vietnam, thereby fostering deeper, more substantive bilateral relations in the lead-up to the 55th anniversary of diplomatic relations in 2027.

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