PM: Vietnam welcomes Australian business and investment
Two-way trade hit $15.7 billion in 2022.
Vietnam welcomes Australian enterprises and major investment funds to invest in the country in areas such as renewable energy, infrastructure, banking and finance, education, high-tech agriculture, digital transformation, aviation, and tourism, Prime Minister Pham Minh Chinh has said.
He made the statement during a meeting with Australian Governor-General David Hurley in Hanoi on April 4.
The Prime Minister proposed that Australia create more favorable conditions for Vietnam’s agro-aquatic products to enter the country, to achieve more balanced trade between the two countries.
For his part, Governor-General Hurley said the two economies are highly supplementary to each other. Australia is in the process of expanding and diversifying its trade partners, with priority given to countries in the region, he said.
Both sides need to propel cooperation in other areas such as education, tourism, agriculture, and people-to-people exchanges, he said.
As direct flights between the two countries have been resumed, with 17 flights a week, they agreed to share experience in tourism development, particularly community, green, study, and health tourism.
Two-way trade reached $15.7 billion last year, making Australia the seventh-largest trade partner of Vietnam and Vietnam the tenth-largest trade partner of Australia.
