Sydney conference highlights business opportunities in Vietnam
A conference has been held in Sydney, Australia to highlight opportunit ies and challenges in the Vietnamese market, drawing representatives from more than 100 enterprises and organisations.
Vietnamese Ambassador to Australia Luong Thanh Nghi addressing the event (Photo: VNA)
Sydney (VNA)♏ – A conference has been held in Sydney, Australia to highlight opportunities and challenges in the Vietnamese market, drawing representatives from more than 100 enterprises and organisations interested in Vietnam.
Addressing the event, Vietnamese Ambassador to Australia Luong Thanh Nghi briefed participants on the socio-economic development of Vietnam, as well as the country’s important achievements during 30 years of renewal.
Vietnam has become a middle-income country, with an average annual growth of over 6 percent in many years and people’s improved living conditions, he noted, adding tha t the country is also integrating into the world intensively and extensively.
However, he also pointed out a number of challenges facing the country amidst the complicated world situation and slow global economic recovery.
In the coming time, Vietnam will focus on reforming the economy, restructuring State-owned enterprises and creating favourable conditions for foreign investors, he affirmed.
The a mbassador highlighted the effectively developing ties between Vietnam and Australia in all fields, noting that Vietnam is the fastest growing trade partner of Australia among ASEAN countries.
Participants at the event also discussed opportunities for Australian firms in Vietnam as well as their experience in the market. They noted Vietnam’s great economic potential thanks to its strategic location, improv ing investment environment and young workforce as well as the country’s signing of many free trade agreements, including that with the EU and the Trans-Pacific Partnership.
On the occasion, the Australia - Vietnam Young Leadership Dialogue (AVYLD) officially became operational as an initiative of some Vietnamese - Australian youngsters, aiming to strengthen the mutual understanding between the two countries’ people, particularly the youth.
The non-profit forum is supported by the Australian Government through the Australia-ASEAN Council and other partners. The first dialogue is slated for May 2017.-VNA
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The Vietnam National Administration of Tourism (VNAT) and the Vietnamese Embassy in Australia launched a programme in Sydney on October 4 to promote Vietnam’s tourism in the host country.
Australia initiated an investigation on the alleged dumping and subsidisation of galvanised steel imported from India, Malaysia and Vietnam on October 7.
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PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
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.
Vietnamese Ambassador to Australia Luong Thanh Nghi addressing the event (Photo: VNA)
