Bilateral trade between Vietnam and Australia is growing strongly, reaching 1.38 billion USD in the first quarter of 2022, a surge of 32.36 percent against the same period last year, according to the General Department of Vietnam Customs.
Rubber processing at Dau Tieng plantation in the southern province of Binh Duong. (Photo: VNA)
Sydney (VNA) – Bilateral trade between Vietnam andAustralia is growing strongly, reaching 1.38 billion USD in the first quarterof 2022, a surge of 32.36 percent against the same period last year, accordingto the General Department of Vietnam Customs.
A sharp increase was seen in Vietnam’s export of various agriculturaland industrial products to Australia, for example coffee (84 percent), aquaticproducts (51 percent), rubber (41 percent), and electric cable (26 percent).Notably, the shipments of iron and steel skyrocketed by more than 500 percent yearon year.
Australia is emerging as a supplier of much-needed materialsfor Vietnam, including coal, iron ore, metal, cotton, wheat and cattle feed,enabling the latter to boost production.
The Vietnamese Trade Office in Australia has regularlyupdated information on Australian importers and products’ current prices on itsown e-commerce mobile app Viet-Aus to help Vietnamese firms seek partnershipmore easily.
Last year, the two-way trade hit a record high of 12.4billion USD, up over 49 percent year-on-year. The same year, the two countries finalisedthe signing of the Australia-Vietnam Enhanced Economic Engagement Strategy tosupport their ambition of becoming each other’s top trade partner and doublingbilateral investment./.
Health Careers International (HCI) Group of Australia on March 31 signed cooperation agreements with strategic partners in Vietnam on promoting the training of public health workers.
Vietnam hopes to establish long-term stable trade and investment ties with Australia and receive technology in sustainable coal mining and processing from Australia, said Minister of Industry and Trade Nguyen Hong Dien.
The governments of Vietnam and Australia are promoting bilateral comprehensive cooperation in various fields, towards the 50th anniversary of the diplomatic ties in February 2023, Vietnamese Ambassador to Australia Nguyen Tat Thanh has said.
The Australian Embassy in Vietnam and Vietnam’s Ministry of Labour, Invalids and Social Affairs (MOLISA) on April 14 launched Australia’s next phase of support for Vietnam’s vocational education and training (VET).
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
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.
Rubber processing at Dau Tieng plantation in the southern province of Binh Duong. (Photo: VNA)
