Australia grants Vietnam 24 million USD for transport development
The Ministry of Transport and the Australian Government on February 9 signed an agreement to launch Aus4Transport, a 24 million USD programme for the development of transport projects in Vietnam.
Hanoi (VNA) - The Ministry of Transport and the AustralianGovernment on February 9 signed an agreement to launch Aus4Transport, a 24million USD programme for the development of transport projects in Vietnam.
The programme will provide funding and expertise to developnew transport projects from the concept stage to the beginning of construction.
Speaking at the signing ceremony, Australian Ambassador to VietnamCraig Chittick said Australia had a long history of helping develop Vietnam’stransport sector.
“Since the 1990s, Australia has supported Vietnam to developthe infrastructure that has underpinned the country’s remarkable economictransformation,” he said.
One example is the My Thuan Bridge, the first cable-stayedbridge in Vietnam, which crosses the Tien River and connects Tien Giang and VinhLong provinces. It was opened in 2001 and has helped improve connectivity for20 million people in Mekong Delta to HCM City.
Additionally, the Cao Lanh Bridge in Dong Thap province isexpected to open for traffic this year, helping reduce travel time from LongXuyen province to HCM City.
The ambassador said that Aus4Transport marked a new era inAustralia’ assistance and they wanted to work with Vietnam to ensure itsprojects attract international finance and to implement them faster.
Transport Minister Nguyen Van The said Vietnam appreciatedAustralia’s assistance which helped create milestones in the country’s transportinfrastructure and development and also improve technical expertise ofVietnamese staff.
The minister added that Vietnam wants engagement from theprivate sector and foreign investors in transport projects.
Aus4Transport will run from 2018 to 2022 and aims to developfive new major road projects. It is expected that the programme’s impacts willextend far beyond these projects by demonstrating new models and policies thatcan improve value for money for Vietnam’s transport investments.-VNA
Vietnam’s Ministry of Finance (MoF) and The Treasury of Australia will step up financial cooperation as per stipulated in a Memorandum of Understanding (MoU) inked by Minister Dinh Tien Dung and Treasurer Scott John Morrison.
Vietnam prioritises developing cooperation and friendship with countries, while further deepening relations with its key partners, including Australia, National Assembly (NA) Chairwoman Nguyen Thi Kim Ngan has affirmed.
National Assembly Chairwoman Nguyen Thi Kim Ngan met with leaders from Western Australia to seek cooperation opportunities in various fields of mutual interests such as mining, renewable energy, liquefied petroleum gas, education-training, tourism, seaport and agriculture.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
At the signing ceremony (Photo VNA) 
