Vietnamese, Australian businesses seek to enhance bilateral cooperation
A Vietnam-Australia business forum was held in Sydney on June 27 to help Vietnamese enterprises know more about the Australian market and connect them with businesses in this Oceania country.
Vietnamese agricultural products are becoming more popular in Australia. (Photo: VNA)
Sydney (VNA) – A Vietnam-Australia business forum was held in Sydney on June 27 to help Vietnamese enterprises know more about the Australi🍸an market and con🔜nect them with businesses in this Oceania country.
The event was jointly organised by the Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade (MoIT) in coordination with the Consulate General of Vietnam and the Vietnam Trade Office in Sydney as part of activities to mark the 50th anniversary of bilateral diplomatic ties.
Speaking at the forum, Vietnamese Consul General in New South Wales, Queensland and South Australia Nguyen Dang Thang said that based on the fruitfully growing bilateral relationship, Vietnamese and Australian businesses will⛄ intensify 🌌their exchange of knowledge and experience to find suitable partners. Vietnamese firms can explore new business opportunities in a vibrant market like Australia, he noted.
According to Le Hong Minh, director of Vietrade’s Investment Promotion Centre for Industry and Trade, Vietnam and Australia have complementary economies as the former boasts an abundant labour force while the latter is rich in resources, with a high level of technology, especially in the field of education. This will create favourable conditions for businesses of both sides to strengthen cooperation, Minh noted. According to the 2022 statistics, Australia is Vietnam's 7th largest trading partner, with bilateral trade reaching 15.7 billion USD. With such potential, the bilateral trade will grow 5-10% next year, Minh forecast. Addressing the event, Francis Wong, chairman of the South Australia - Vietnam Business Council said that Vietnam's economy is growing well despite the impact of the COVID-19 pandemic. Many Australian companies are considering Vietnam a hub of the Association of Southeast Asian Nations (ASEAN) and the Asian region, a destination for their investments and partnerships. Most of the participants at the forum hailed the great potential for trade between Australia and Vietnam, saying it brings great advantages and opportunities to businesses of both countries./.
The upcoming visit to Vietnam by Australian Prime Minister Anthony Albanese will create momentum for bilateral cooperation in such potential areas as culture, investment, labour and people-to-people exchanges, Vietnamese Ambassador to Australia Nguyen Tat Thanh has said.
Vietnam is a very important economic partner of Australia, Australian Ambassador to Vietnam Andrew Goledzinowski told the press ahead of Australian Prime Minister Anthony Albanese’s visit to Vietnam from June 3-4.
Prime Minister Pham Minh Chinh and his Australian counterpart Anthony Albanese agreed to elevate their countries’ relations to a new level in the future during their talks in Hanoi on June 4 morning.
The official Vietnam visit by Australian Prime Minister Anthony Albanese has been a success, a sign that bilateral relationship will continue to flourish in the future, said co-founder of the Australia-Vietnam Policy Institute Layton Pike.
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.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
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.
Vietnamese agricultural products are becoming more popular in Australia. (Photo: VNA) 
