Vietnam Today

The joint statements comprise one on deepening the Vietnam-Australia comprehensive strategic partnership, one on economic resilience cooperation, and another on the enhancement of science, technology and innovation connectivity.

During his meeting with Governor-General of Australia Sam Mostyn in Canberra on August 11, General Secretary of the Communist Party of Vietnam and State President To Lam set a target to reach a bilateral trade turnover of $20 billion and to significantly increase two-way investment.

At their talks in Canberra on August 11, the two leaders set a target of $20 billion in two-way trade and called for stronger supply chain links, quality investment, and closer cooperation in the green and digital economies, new energy, and future industries.

Vietnam's General Secretary and President To Lam proposed that bilateral cooperation shift toward long-term programs in innovation, science and technology, human resource development, green finance, high-quality infrastructure, strategic supply chains, education, and research.

General Secretary of the Communist Party of Vietnam and State President To Lam urged the two countries to transition from cooperation to co-creation, from technology transfer to joint research and development, and from connecting individual organizations to linking their two entire innovation ecosystems.

By 2025, 67 pharmaceutical companies exported drugs and raw materials totaling approximately $312 million, placing Vietnam fourth in Southeast Asia for pharmaceutical exports