Vietnam looks to foster exports to Australia: diplomat
Vietnam needs to devise more measures to improve the quality of farm produce in order to meet technical standards of Australia, towards promoting export to the nation.
Vietnamese Ambassador to Australia Luong Thanh Nghi (Photo: VNA)
Hanoi (VNA) – Vietnam needs to devise morꦕe measures to imꦦprove the quality of farm produce in order to meet technical standards of Australia, towards promoting export to the nation, a Vietnamese diplomat has stressed.
In an interview with Vietnam News Agency reporters on the sidelines of the ongoing 29th Diplomatic Conference in Hanoi, Vietnamese Ambassador to Australia Luong Thanh Nghi highlighted strong development in the bilateral ties in recent years, especially after the two nations established a comprehensive partnership in 2009, which was agreed to lift to the next level six years later.
Economic, trade and investment collaboration between the two countries has recorded fruitful outcomes, with an annual increase of over 10 percent in two-way trade turnover since the ASEAN-Australia-New Zealand Free Trade Agreement ( AANZFTA ), which both countries are parties, became effective in 2010.
At present, almost goods of Vietnam exporting to Australia and vice versa are enjoyed zero tariff.
Vietnam’s export turnover to Australia increases between 5 billion USD and 7 billion USD per year, with crude oil, frozen aquatic products, coffee and pepper being Vietnam’s key exports to Australia.
Vietnam shipped lychees to Australia from 2015, while beginning to sell Cat Chu and Hoa Loc mangos in the country in August this year.
These are positive signals for Vietnamese farmers because their products can make inroads into one of the most choosy markets in the world, Nghi said, adding that this will pave the way for Vietnamese fruits and vegetables to other markets such as the US, Japan and New Zealand.
However, the ambassador pointed out difficulties concerning quarantine and food safety facing to Vietnam, saying that Vietnamese agencies, businesses, farmers, and scientists need to take initiatives in agricultural production in order to better the quality of goods to meet requirements of foreign markets.-VNA
The Australian government will provide 1 million AUD (720,000 USD) in annual aid for Vietnamese and Australian scientists to carry out joint medical and health care research projects.
Vietnamese and Australian businesses explored trade and investment opportunities that will be created by the Trans-Pacific Partnership (TPP) Agreement during a forum held in Sydney on February 1.
Vietnamese and Australian scientists gathered together at a workshop in Hanoi on July 19 to discuss the probability to promote links between the two countries in medical technology transfer.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
Vietnamese Ambassador to Australia Luong Thanh Nghi (Photo: VNA)
