Business forum to seek cooperation opportunities with Australia
A Vietnam-Australia business forum is to take place next week to support enterprises of the two countries to seek cooperation opportunities and technology transfer in clean energy, hi-tech agriculture and digital transformation applications.
Hanoi (VNA) – A Vietnam-Australia business forum is to take place next week to support enterprises of the two countries toseek cooperation opportunities and technology transfer in clean energy, hi-techagriculture and digital transformation applications.
The “Vietnam – Australia Business Cooperation Forum: TechnologyTransfer and Business Opportunities between Innovation Ecosystems in Australiaand Vietnam” will be organised by the Australian Department of Foreign Affairsand Trade (DFAT) in collaboration with the Ministry of Science and Technology(MOST), University of Technology Sydney (UTS), Saigon Innovation Hub (SIHUB), and Ho Chi Minh City University of Technology on June 16.
It is supported by the Australia-Vietnam Enhanced EconomicEngagement Grant (AVEG) under which the Government of Australia is committed toproviding close to 2 million USD to assist small businesses in Vietnam,starting mid-2021.
The forum, to be held both in person in HCM City andon virtual platforms, expects to see the presence of leaders of Vietnam and Australiaas well as experts and business representatives from both sides.
The “Vietnam – Australia Business Cooperation Forum: Technology Transfer and Business Opportunities between Innovation Ecosystems in Australia and Vietnam” will take place on June 16. (Photo: VNA)
Discussions will focus on the application of digitaltransformation in search and rescue, climate change response, health care, benefit-sharingscheme in energy projects, preservation of agricultural and aquatic productsusing solar power, agricultural product traceability using Blockchain, Internetof Things (IoT)-based smart farming solutions, biomethane production fromagricultural residues, energy efficiency, and others.
Last November, Vietnam and Australia adopted the EnhancedEconomic Engagement Strategy, with the aim of becoming top-ten trading partnersand doubling two-way investment.
According to the DFAT, the Vietnam-Australia trade expanded8.6 percent annually over the past two decades. In 2020, Australia’s investmentinto Vietnam reached 1.38 billion AUD (966 million USD), accounting for 0.51percent of the latter’s total FDI.
Australia provided ODA loans worth 78.9 million AUD toVietnam from 2020 – 2021./.
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) helps promote Vietnam-Australia cooperation in terms of trade and investment, the Cong Thuong (Industry and Trade) newspaper said, citing Vietnamese Ambassador to Australia Nguyen Tat Thanh.
The Vietnamese Embassy in Australia, the People’s Committee of Binh Duong province and the Victoria state government jointly held a Vietnamese business forum on May 24, aiming to introduce the potential and investment opportunities in the southern Vietnam province.
The Australian-funded Gender Responsive Equitable Agriculture and Tourism (GREAT) programme hosted a symposium, Engaging Women in Markets – Scaling up Local Successes Nationwide, in Hanoi on May 27.
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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.
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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.
Illustrative photo. (Source: VNA)
The “Vietnam – Australia Business Cooperation Forum: Technology Transfer and Business Opportunities between Innovation Ecosystems in Australia and Vietnam” will take place on June 16. (Photo: VNA)
