HCMC – Vietnam and Austria have signed a financial cooperation framework agreement worth €150 million to support development projects in Vietnam from 2025 to 2030.
Deputy Finance Minister Nguyen Duc Chi and Austria’s State Secretary of Finance Barbara Eibinger-Miedl signed the deal on June 23, the Vietnam News Agency reported.
The agreement includes €100 million in loans with conditions and €50 million in unconditional financing. It provides a legal basis for the two sides to negotiate future loan agreements and related procedures.
Austria said the agreement reflects its commitment to supporting Vietnam’s socio-economic development. Both sides agreed to coordinate at the technical level to identify and implement specific projects.
Vietnam has so far used Austrian government loans to fund 32 projects with a total value of around €370 million.
Austrian companies have 49 active investment projects in Vietnam, with total registered capital exceeding US$150 million. Vietnamese firms have invested in two projects in Austria.
Around 60 Austrian companies are operating in Vietnam. In 2024, Austrian exports to Vietnam rose by 25%, while imports from Vietnam increased by 9%.
The two countries are seeking further cooperation in green technology and infrastructure, areas where Austrian firms have expertise and Vietnam is seeing strong growth.
