Austrian Ambassador to Vietnam Hans-Peter Glanzer said Austria was one of the first countries to establish diplomatic ties with Vietnam back in 1972. Since then, relations have developed in an excellent way in various fields, be it political, economic or academic. “Vietnam is our largest trading partner in the ASEAN region and Austria is between the fifth and seventh most important export market for Vietnam in Europe,” said the Ambassador. “The visit of President Vo Van Thuong to Austria is of great importance and significance because the visit will help further strengthen our bilateral relations. For example, in the economic field, there's definitely more room for Austrian investments in Vietnam.