Despite the COVID-19 pandemic’s impact on global trade, Vietnam’s exports to Australia grew 62.08 percent year-on-year in January to almost 391 million USD, data shows.
Timber and wood products are among Vietnamese items enjoying stable groth in exports to Australia (Photo: VNA)
Sydney (VNA) - Despite the COVID-19pandemic’s impact on global trade, Vietnam’s exports to Australia grew 62.08percent year-on-year in January to almost 391 million USD, data shows.
Bilateral trade increased 39.92 percent againstJanuary 2020 to approximately 873 million USD, according to the GeneralDepartment of Vietnam Customs.
Aside from stable export growth of items such astimber, wooden products, toys, plastic products, electrical wiring and cables,textiles-garment, and footwear, Vietnam’s agricultural and aquatic products arealso gradually winning over consumers in Australia, one of the world’s mostdemanding markets.
January’s aquatic exports to the market shot up106.09 percent year-on-year while shipments of farm produce rose 37.16 percent.
The Vietnamese trade office in Australia said thatthanks to increasing cooperation between the two governments, bilateral investmentand trade links have also improved considerably.
It noted that, in 2020, there was a surge in thenumber of Australian businesses seeking Vietnamese partners via the tradeoffice. Most highly value the quality of Vietnamese products and wish to expandtheir market and diversify supply sources.
Under guidance from the Ministry of Industry andTrade, the trade office will step up its action plan to further supportbilateral trade in the time ahead, it added./.
An international workshop on sustainable cooperation between Vietnam and Australia regarding techniques in mineral exploration and processing in the north of Vietnam was held in Hanoi on November 16.
Vietnamese businesses in Australia have made significant contributions to the growth of Vietnam-Australia trade in 2020, Vietnamese Ambassador to Australia Nguyen Tat Thanh said at a ceremony to review activities of the Vietnamese Entrepreneurs Association in Sydney (VEAS) on December 5.
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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.
Timber and wood products are among Vietnamese items enjoying stable groth in exports to Australia (Photo: VNA) 
