Vietnam, Australia target doubling bilateral investment in the next 2-3 years

Prime Minister Pham Minh Chinh and visiting President of the Australian Senate Sue Lines agreed to boost economic cooperation for greater effectiveness, focusing on fostering investment and trade promotion towards a trade turnover of $20 billion  and doubling bilateral investment within the next 2-3 years, the Government News has reported.

During their meeting in Hanoi on August 27, the two leaders  also agreed to promote cooperation in new and promising areas such as green economy, digital economy, circular economy, digital transformation, science - technology and innovation.

PM Chinh thanked Australia for implementing many practical and effective cooperation projects that support Vietnam in many fields, including capacity building, science and technology, innovation, and climate change.

The Vietnamese government leader proposed the two countries to proactively coordinate in implementing high-level agreements reached, towards further deepening cooperation to be commensurate with the framework of the Comprehensive Strategic Partnership.

The President of the Australian Senate stressed that Vietnam is a crucial partner of Australia, and that the Australian government and parliament highly prioritize relations with Vietnam in its foreign policy on the region.