At the talk, Minister Son affirmed that Vietnam attaches importance to strengthening its traditional friendship and multifaceted cooperation with Austria. Currently, Austria is among the 10 largest trading partners of Vietnam in the European Union (E.U.) with two-way trade turnover in 2021 reaching nearly USD 3.5 billion. Connections in science - technology, culture and development cooperation between the two countries continue to record positive progress.

Vietnamese FM Bui Thanh Son at the talk (Photo: VNA)

In order to make the Vietnam-Austria cooperation more dynamic, practical and effective in the coming time, the two sides agreed to maintain delegation exchanges and meetings at all levels, and coordinate in organizing activities to celebrate the 50th anniversary of diplomatic relations. They will also strengthen trade-investment promotion activities, and expand cooperation in fields of Austria’s strengths and Vietnam’s needs such as renewable energy, climate change response, waste treatment and processing industry.

The two sides agreed to closely coordinate to successfully organize the upcoming session of the Vietnam-Austria Joint Committee on Economic-Trade Cooperation, while taking advantage of opportunities and benefits brought by the E.U.-Vietnam Free Trade Agreement (EVFTA).

Vietnamese Minister of Foreign Affairs Bui Thanh Son suggested that the Austrian Government raise a voice to urge the Austrian Parliament to early ratify the E.U.-Vietnam Investment Protection Agreement (EVIPA).

The two sides affirmed to continue to work closely and support each other at multilateral forums and organizations such as the United Nations, the Asia-Europe Meeting (ASEM) and ASEAN-E.U.

Translated by Chung Anh