Vietnam and Austria Enhance Cybersecurity Cooperation Amid Rising Threats

• •Vietnam experienced over 13,000 cyberattacks in 2024, with significant financial losses.
• •Ransomware attacks surged in 2025, impacting thousands of businesses, including SMEs.
• •The Austria-Vietnam Cybersecurity Forum aims to enhance collaboration and institutional capacity.

On May 5, 2026, the Austria-Vietnam Cybersecurity Forum was held in Vienna, focusing on collaboration to combat increasing cyber threats. Vietnam reported over 13,000 cyberattacks in 2024, causing damages exceeding $800 million, with ransomware incidents affecting more than 3,000 businesses in 2025. The forum, co-organized by the Vietnamese Embassy, Austrian Federal Economic Chamber, and FPT Corporation, aimed to strengthen institutional capacities and foster new business opportunities. As of January 2026, Vietnam has over 85.6 million internet users, highlighting the urgent need for enhanced cybersecurity measures. Vietnamese Ambassador Vu Le Thai Hoang emphasized that cybersecurity is essential for national resilience and economic stability. The event also showcased Austria's expertise in cybersecurity, particularly through the Austrian Institute of Technology. Both nations aim to move from dialogue to actionable steps in addressing cyber threats.