Vietnam-Australia trade up over 33% in nine months
Trade between Vietnam and Australia rose 33.4% to nearly 12 billion USD in the first nine months of this year after reaching a record in 2021, according to the Vietnam Trade Office in Australia.
Sydney (VNA) – Trade between Vietnam and Australiarose 33.4% to nearly 12 billion USD in the first nine months of this year afterreaching a record in 2021, according to the Vietnam Trade Office in Australia.
In the period, export revenue generated in the Australianmarket hit 4.2 billion USD, up nearly 34%, while Vietnam’s total exports increased 17.2%.
Notably, strong growth was seen in the export of many products, includingfootwear (30.83%), garment (29.8%), seafood (52%), steel (205%), wood andfurniture (26%), and coffee (102%).
In the first eight months of this year, Vietnam was the 10th biggest trade partner of Australia, while Australia is the seventh greatest ofVietnam.
Nguyen Phu Hoa, head of the Vietnam Trade Office inAustralia, said that along with implementing the Government’s policies on economiccooperation with Australia, the office has given timely support to domesticfirms during the recent tough time of COVID-19.
The office has provided information on the construction material demands ofAustralia to Vietnamese exporters, contributing to forming supply chainsbetween the two countries. Meanwhile, it has helped promote the trademark ofVietnamese farm produce and aquatic products in the market, while working hardto protect the interest of Vietnamese businesses.
Hoa said that although trade targets for this year has been achieved, there are still many challenges in the rest of the year.
The office is applying drastic measures to further promotetrade between the two countries. A campaign to encouragethe Vietnamese community in the country to prioritise Vietnamese products willbe launched, Hoa added.
The official also stressed the need to improve the efficiency of logistics services toshorten the delivery time.
He also advised Vietnamese exporters of farm produce tocontinue to ensure the uniformity of product quality, while coordinating withthe office to promote trademark building and select exclusive distributors,thus expanding market share in a stable manner./.
Vietnamese Foreign Minister Bui Thanh Son paid a courtesy visit to Australian Prime Minister Anthony Albanese on September 12 on the occasion of his official visit to Australia to co-chair the 4th Vietnam - Australia Foreign Ministers' Meeting.
Vietnamese Minister of Foreign Affairs Bui Thanh Son and her Australian counterpart Penny Wong co-chaired the fourth Vietnam-Australia Foreign Ministers’ Meeting in Canberra on September 12.
The new President of the Australian Senate, Sue Lines, affirmed that Australia always attaches importance to its relations with Vietnam while receiving Ambassador Nguyen Tat Thanh on September 27.
Trade revenue between Vietnam and Australia approximated 11 billion USD in the first eight months of 2022, up over 37% from a year earlier, statistics show.
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.
Illustrative image (Photo: VNA) 
