Australian minister impressed by Vietnam’s economic growth
Australian Minister for Trade and Tourism Don Farrell expressed his deep impression on Vietnam’s economic growth as well as the way the country has improved living standards of people, during his visit to the Southeast Asian nation from April 16-20.
Prime Minister Pham Minh Chinh (R) and Australian Minister for Trade and Tourism Don Farrell (Photo: VNA)
Hanoi (VNA) – Australian Minister for Tradeand Tourism Don Farrell expressed his deep impression on Vietnam’s economicgrowth as well as the way the country has improved living standards of people, during his visit to the Southeast Asian nation from April 16-20.
In an interview granted to the press, the ministernoted that there's been "a wonderful relationship between Australia and Vietnamover the last 50 years” and Australia wants to work with Vietnam to continue theimprovement in living standards so that Vietnam can beat the goal of being afully developed country by 2045.
“There's lots of ways in which Australia and Vietnamcould work together,” he said, suggesting the two countries cooperate ineducation, tourism, mining, hydrogen, and particularly energy transition.
Regarding the bilateral trade, Farrell said it isdriven by free trade agreements (FTAs), including the Comprehensive and ProgressiveAgreement for Trans-Pacific Partnership (CPTPP).
“We believe the very high standards that Vietnam hascommitted to will continue to ensure a strong, robust and prosperous tradingrelationship between Australia and Vietnam. We're also working very closelywith Vietnam on the Indo-Pacific economic framework. And that gives us anopportunity to jointly have an agreement with lots of other countries in thisregion,” the official said.
Australian Minister for Trade and Tourism Don Farrell (Photo: VNA)
“We think that there are many opportunities whereAustralia and Vietnam can build on the relationship that we've got already toimprove the prosperity of both of our nations.”
The minister said to encourage Vietnamese andAustralian businesses to invest in the respective markets, commitments andagreements must be put into place, and words must be translated into “practicaloutcomes.
Asked about potential for tourism cooperation between thetwo countries, Farrell said during the pre-pandemic time, about 400,000Australians visited Vietnam, and about 120,000 Vietnamese came to Australia forholidays.
“We want to get back to those levels and to exceedthem. So the first thing we need to do is get more airlines flying between ourtwo countries,” he pointed out.
“There's a lot of demand by Vietnamese to come toAustralia, but particularly, there's a lot of demand by Australians to come toVietnam. We've got to encourage that. We've got to push down the price oftravel.”
Three Vietnamese carriers, namely Vietnam Airlines,Bamboo Airways, and Vietjet Air, have operated flights to Australia. Meanwhile,Australia’s Jetstar Airways has launched direct air routes between Melbourne/Sydney and Ho Chi Minh City./.
Vietnam and Australia need to develop bilateral trade in a more balanced way by promoting the export of Vietnamese products to the Southwest Pacific nation, Prime Minister Pham Minh Chinh said while receiving Australian Minister for Trade and Tourism Don Farrell in Hanoi on April 17.
A Vietnam-Australia trade and tourism promotion conference was held by Vietnam Airlines, Thien Minh Group and Vinpearl JSC in Sydney on April 19, drawing a large number of Australian businesses and travel firms from different Australian localities.
During his first official visit to Vietnam, on the occasion of the 50th anniversary of diplomatic relations between Vietnam and Australia, Senator Don Farrell, Minister for Trade and Tourism and Special Minister for State, joined Australia’s Ambassador to Vietnam Andrew Goledzinowski in congratulating Vietjet on the inauguration of direct routes connecting Vietnam and Australia.
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Prime Minister Pham Minh Chinh (R) and Australian Minister for Trade and Tourism Don Farrell (Photo: VNA) 
Australian Minister for Trade and Tourism Don Farrell (Photo: VNA) 
