Vietnam and Austria seek to deepen financial cooperation and investment

Photo: State Secretary Barbara Eibinger-Miedl met a delegation from the Vietnamese Ministry of Finance (MoF) and emphasized the significance of strengthening economic and financial cooperation between Vietnam and Austria. Deputy Minister Chi praised the outcomes of past financial collaboration between the two nations, especially projects in healthcare, vocational training, fire prevention and firefighting, and railway transport funded by Austrian loans.

Both countries agreed to deepen their financial relations by maintaining close coordination to implement the new Framework Agreement on Financial Cooperation, which came into effect on August 1, 2025. Vietnam aims to maintain a flexible fiscal policy to promote growth while controlling inflation, with a goal of at least 10% average annual GDP growth from 2026 to 2030.

This growth is expected to be driven by socioeconomic infrastructure, digital transformation, green development, innovation, and high technology. A comprehensive financial market reform scheme, simplified legal framework for accessing official development assistance loans, and a focus on smart infrastructure, sustainable development management, renewable energy, and high-quality healthcare projects will facilitate foreign financing.

Austria is encouraged to continue providing concessional credit packages, particularly for smart infrastructure, sustainable development management, renewable energy, and high-quality healthcare projects. Vietnam also seeks stronger professional exchanges on public debt management, digital technologies for cash-flow forecasting, and public-private partnership models.

Austria is ready to share its experience in developing a regulatory framework that balances risk management and innovation, as well as guidance on financing procedures and conditions.