Hanoi firms hope to tighten trade, investment links with Australian partners
Hanoi businesses had a chance to explore the market, seek cooperation and business opportunities, and advertise their brands to companies of Australia at a trade and investment promotion conference held in Sydney on October 12.
The "Hanoi - Vietnam" pavilion at Home Show, a major furniture exhibition of Australia that is taking place from October 13 to 15. (Photo: VNA)
Sydney (VNA) – Hanoi businesses had a chance toexplore the market, seek cooperation and business opportunities, and advertisetheir brands to companies of Australia at a trade and investment promotion conferenceheld in Sydney on October 12.
Addressing the event, Nguyen Thu Huong, Trade Counsellor atthe Vietnamese Trade Office in Australia, underlined the unceasing growth of Vietnam- Australia relations, which has created favourable conditions for the countries to further develop economic ties.
The Australian Government identified Vietnam as the centreduring the making of its strategy on relations with Southeast Asia. Another criticallyimportant factor is the increasingly enhanced trust in Vietnamese brands thanksto businesses’ efforts and authorities' brand building programmes, she noted.
Tran Thi Thanh Hoa, head of the export,import, and foreign markets and entrepreneurs division at the Hanoi Departmentof Industry and Trade, introduced local businesses’ potential for investmentand trade partnerships.
Highlighting the capital city’s advantages in interiorfurniture production, she expressed her hope that businesses of both sides willstep up connections after the promotion event.
Luke Magee, President of Parramatta city’s Chamber ofCommerce, pledged to assist enterprises in his city and Australia to learn moreabout potential and opportunities for cooperation with Hanoi and Vietnamesefirms.
Meanwhile, Schon Condon, Managing Principal of Condon Advisory Group, highlyvalued the potential and advantages of businesses of Hanoi and Vietnam. He perceivedthat both sides hold numerous chances to work with and learn from each other’sexperience.
At the conference, representatives of Hanoi enterprisesintroduced their firms and demand for goods trading. Australian companies alsoshowed their interest in and willingness to partner with the Vietnamese side./.
The Ministry of Transport has approved the document for a study project on the upgrade of the northern region’s inland waterway infrastructure under Aus4Transport, a technical assistance programme for Vietnam’s transport sector using non-refundable aid from the Australian Government.
The Australian Trade and Investment Commission (Austrade) recently organised a roadshow in the central province of Khanh Hoa to unlock Vietnam – Australia cooperation opportunities in the fields of education and trade.
The Ministry of Transport said it has approved adjustments to the project reviewing, evaluating and recommending the results of research on planning for international airports of Da Nang, Cam Ranh and Phu Quoc for the 2021-2030 period with a vision toward 2050, and the planning scheme for Con Dao airport for the 2021-2030 period.
A delegation from Ho Chi Minh City People’s Council led by Vice Chairman Nguyen Van Dung is on a working visit to Australia and New Zealand, aiming to strengthen cooperation between the city and localities of the two countries.
Hanoi’s Industry and Trade Department and the Vietnamese Consulate General in Sydney have collaborated to open the “Hanoi- Vietnam” pavilion at Sydney Home Show – Australia’s largest home improvement expo from October 13-15.
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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.
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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.
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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.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The "Hanoi - Vietnam" pavilion at Home Show, a major furniture exhibition of Australia that is taking place from October 13 to 15. (Photo: VNA) 
