Since the establishment of diplomatic ties on February 26, 1973, the two countries have built a strong and enduring relationship with diverse and increasing interests, which unceasingly grows stronger and stronger. Vietnam is currently considered one of Australia's most important bilateral partners. In March 2018, the two nations officially upgraded their ties to a Strategic Partnership level, opening a new page in bilateral relations.
Vietnamese Foreign Minister Bui Thanh Son said that "After five decades of development with both opportunities and challenges, facing the constant fluctuation of international situations, Vietnam and Australia have today become reliable partners in both bilateral and multilateral frameworks."
In recent years, bilateral cooperation has expanded rapidly, covering various fields from security, defense, trade and investment to education, tourism and innovation. This development is evidence of the strong commitment of the two countries through high-level visits.
"The 350,000-strong Vietnamese community in Australia is an indispensable bridge in promoting friendship and understanding between the two peoples. Over the past years, their contributions have been widely recognized in many fields in Australia," Vietnamese Ambassador to Australia Nguyen Tat Thanh said.
Australia has also supported Vietnam's COVID-19 prevention and control, particularly through the supply of over 26.4 million vaccine doses, including 14.4 million doses for children. This makes Australia the Southeast Asian nation's second biggest vaccine supplier, after the U.S.
"I think I can say very confidently that at no time in history has our relationship been stronger or better than it is today. It's built on a very strong feeling of mutual trust and on practical cooperation across so many fields over so many years," stated Australian Ambassador Andrew Goledzinowski.
The two countries have become increasingly important trade partners of each other, especially after their senior leaders agreed to upgrade their relations to a Strategic Partnership in March 2018 and adopted the Enhanced Economic Engagement Strategy in November 2021.
Notably, while Australia has become one of the seven largest trade partners of Vietnam, the Southeast Asian nation is also Australia's 10th largest trader. This is one of the important foundations for the two to upgrade their ties to a Comprehensive Strategic Partnership at an appropriate time in the near future.
Prof. Carl Thayer, an expert on Vietnamese studies from the University of New South Wales (UNSW), said, "The bilateral relationship has geo-strategic convergence. It is based on many different pillars, but trade and investment have always been among the top priorities."
Statistics show that two-way trade recorded a year-on-year rise of 26.9% to 15.7 billion USD last year, of which USD 5.6 billion came from Vietnam's exports, and USD 10.1 billion from its imports, up 26.2% and 27.3%, respectively.
Moreover, Vietnam and Australia share many economic cooperation frameworks, in which the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) strongly supports bilateral trade and investment relations.
Not only trade, CPTPP is a lever to increase investment between the two countries. By the end of 2021, Australia had invested nearly USD 2 billion in around 550 projects in Vietnam, ranking 19th among countries and territories pouring capital into Vietnam.
Ambassador Goledzinowski recalled that during the official visit to Australia from November 30 – December 3, 2022, by National Assembly Chairman Vuong Dinh Hue, leaders of the two sides unanimously supported the two countries in upgrading their relationship to a comprehensive strategic partnership at a suitable time. The upgrade of the relationship to a new height will be an important driving force for bilateral cooperation in various fields such as climate change, energy transition and high technology.
"I think this is a very positive sign. As you probably know, until recently, there were only three countries that had that level of relationship with Vietnam. Those were China, Russia, and India. And then in December, (the Republic of) Korea was included in that list. If we can be the next country, we'll be very happy," Ambassador Andrew Goledzinowski said.
- Vietnam supports ASEAN-Australia elevation to comprehensive strategic partnership
- Vietjet, French technology firm set up long-term strategic partnership
- Vietnam’s budget airline inks strategic partnership deal with French tech group following $10bn joint venture
- Vietjet and Safran sign $10-billion strategic partnership agreement
- Australia makes new strategic pact with South-East Asian nations at ASEAN summit
- Interview | Australia eyes big boost in business with India - senior trade official Catherine Gallagher
- Ba Ria-Vung Tau deemed attractive destination for bolstering Vietnam-Australia economic ties
- Vietjet, Safran ink a long-term strategic partnership agreement
- Vietnam, Russia eye stronger ties in education, training
- PM stresses significance of Việt Nam-Russia strategic partnership
- PM’s official visit to deepen Vietnam-France strategic partnership
- The Pop Innovations of a 50-Year-Old Soundtrack
- China celebrates 50 years of being in the UN -- and it's determined to keep Taiwan out
- Defence cooperation – a pillar of Vietnam-France strategic partnership
- Headworks International Announces Strategic Partnership in Ireland With Glan Agua
- 'The Graduate' 50 Years After Its Oscar Win
- Celebrating 50 years since first satellite launch
- The First Commercial Video Game: How It Looked 50 Years Ago
- The unlikely bunch in a tiny West Australian town who sent man to the Moon 50 years ago
- 'One small step' still inspires 50 years on from Moon landing
Vietnam, Australia eye comprehensive strategic partnership after 50 years of relations have 840 words, post on en.qdnd.vn at March 22, 2023. This is cached page on Talk Vietnam. If you want remove this page, please contact us.