Sydney Build Expo is Australia’s largest annual construction and design trade show, backed by the Mayor of Sydney and Premier of New South Wales. The expo offers a valuable platform for Vietnamese firms to explore market trends, connect with distributors and contractors, and promote their products on the global stage.
Prime Minister Pham Minh Chinh chaired a welcome ceremony on June 4 morning for his Australian counterpart Anthony Albanese, who is paying an official visit to Vietnam on June 3-4.
A Vietnam-Australia trade and tourism promotion conference was held by Vietnam Airlines, Thien Minh Group and Vinpearl JSC in Sydney on April 19, drawing a large number of Australian businesses and travel firms from different Australian localities.
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.
The Vietnam-Australia trade posted growth in 2021 despite the impact of COVID-19, Director of the Asia-Africa Market Department under the Ministry of Industry and Trade (MoIT) Le Hoang Oanh has said.
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.
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.
SunRice CEO Rob Gordon, head of Australia’s largest rice supplier, has announced that Australia is suffering a massive shortage of domestic rice supplies and would be forced to rely on imported Vietnamese rice in the lead up to Christmas 2020.
Vietnam had a trade deficit of more than 1 billion USD with Australia last year, one year after the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) came into effect.
Vietnamese enterprises need to take advantage of tariff reductions under the Comprehensive and Progressive Agreement for Trans Pacific Partnership (CPTPP) to increase exports to Australia.
Bilateral trade between Vietnam and Australia is poised to grow thanks to lower tariffs under free trade agreements, according to Vo Tan Thanh, Vice Chairman of the Vietnam Chamber of Commerce and Industry (VCCI).
National Assembly Chairwoman Nguyen Thi Kim Ngan has expressed wish to further strengthen ties with Australia within bilateral cooperation framework as well as at regional and global forums.
