Sydney (VNA) – Moreand more Vietnamese enterprises have invested in housing and commercialproperty in Australia, said Vietnamese Consul General to Sydney Trinh Duc Haiat a workshop held by the Vietnamese Entrepreneurs Association (VEAS) in Sydneyon November 3.

He cited Vietnam’s investmentcapital in real estate in Australia amounted to 1.7 billion AUD (1.2 billionUSD) in the first eight months of this year.

Since Vietnamand Australiaestablished a strategic partnership in March 2018, the bilateral ties have developedoutstandingly across fields, Hai noted. 

As of August 2018, Australia ranked third among countries andterritories investing in Vietnam,he said.

The workshop, which gathered morethan 100 representatives of Vietnamese and Australian firms operating in realestate, offered an insight into the property market in Australia, as well asnecessary procedures for foreign investment.

Experts said Vietnameseenterprises have big opportunities to invest in Australia’s real estate as themarket has seen stable development for many years.

Established in February 2018, the VEAS plays a role in connecting and promoting thecapacity of Vietnamese businesses in Sydney, thereby contributing to thedevelopment of Australia-Vietnam economic cooperation.-VNA