Vietnam seeks to intensify trade and investment ties with Australia

Vietnamese Ambassador to Australia Nguyen Tat Thanh paid a working visit to Victoria State to conduct activities to promote trade and investment cooperation between Vietnam and Australia. During the trip from November 18-20, the ambassador met with leaders of the Melbourne Chamber of Commerce, Australian Trade and Investment Commission (Austrade), RMIT University, LinFox Group, the Vietnamese Entrepreneurs’ Association in Australia, and Vietnamese community in Victoria.

Working with Australian partners, Ambassador Thanh underlined that the Vietnamese economy has a high level of openness, especially when new generation free trade agreements such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has become operational and the Regional Comprehensive Economic Partnership (RCEP) is to take effect.

Over the past two years, despite impacts from COVID-19, positive signs have been seen in Vietnam’s exports to Australia, especially farm produce. Specifically, exports of fruits and vegetables rose 27.65 percent.


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