Vietnamese dragon fruit was licensed to enter the Australian market in 2017 According to the Vietnamese Trade Office in Australia, trade between Vietnam and Australia has grown strongly in recent years and reached US$6.46 billion in 2017, up 22.1 percent compared with 2016. This included US$3.3 billion worth of Vietnamese exports to Australia, up 15.1 percent, and US$3.1 billion worth of imports from this market, up 30.5 percent. The strong growth in Vietnamese exports to Australia in 2017 included such goods as cameras, video cameras and components, up 329.4 percent; crude oil, 69 percent; transport means and spare parts, 62 percent; steel and iron, 61.7 percent. Also in 2017, Australian companies were licensed to import Vietnamese dragon fruit for the first time, promising further increases in agricultural exports to this market. Vietnamese imports from Australia also grew strongly in 2017, with liquefied petroleum gas up 3,068.6 percent; scrap metals, 180.2 percent; ores and … [Read more...] about Expanding Vietnam-Australia trade relations
Vietnam australia business development
Experts: Vietnam-Australia trade set to grow
Speaking at a conference on Vietnam-Australia relations on June 5, Thanh said that Australia would remove 90 percent of its import tariffs from the Association of Southeast Asian Nations (ASEAN) and New Zealand within 2018, and the remaining 10 percent in 2020, in accordance with the ASEAN-Australia-New Zealand Free Trade Agreement. Delegates at the Australia - Vietnam Trade and Investment Conference In addition, the upcoming Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) would help promote trade between Vietnam and Australia. Thanh said that the two countries have had a close business partnership for 45 years and have seen great developments in trade, investment and tourism. Australia is Vietnam’s eighth biggest trade partner and has invested around 400 projects valued at 1.8 billion USD into the country, ranking 19th among 126 countries and territories investing in Vietnam. Vietnamese companies are also investing in several … [Read more...] about Experts: Vietnam-Australia trade set to grow
Australian FM talks about Vietnam-Australia relationship ahead of visit
The following is the full text of the interview: Q1: Vietnam and Australia have officially upgraded their relationship to “Strategic Partner” in March 2018 during the visit of our Prime Minister Nguyen Xuan Phuc to Australia and this week, Vietnam welcomed the official visit made by His Excellency General the Honourable Sir Peter Cosgrove and Her Excellency Lady Cosgrove. What do you think about the development of cooperation between two countries? I am delighted to be visiting Vietnam during the 45th anniversary year of diplomatic relations between Australia and Vietnam, for my third visit as Foreign Minister. Australian Foreign Minister Julie Bishop. Photo: twitter.com This busy schedule of high-level bilateral visits reflects the recent elevation of the bilateral relationship to a Strategic Partnership, signed during Prime Minister Phuc’s guest-of-government visit to Australia in March. This means our two nations have recognised and laid the … [Read more...] about Australian FM talks about Vietnam-Australia relationship ahead of visit
Vietnam, Australia promote sustainable energy cooperation
The Australian business delegation includes leading engineering, procurement and construction contractors, technical and equipment suppliers, coal suppliers and end-to-end project management and commercial consulting companies. “Australia’s trade and investment relationship with Vietnam has been the fastest growing of all ASEAN economies over the past decade, with two-way trade and investment now standing at USD11.8 billion. Energy is one of the key sectors driving our bilateral trade. Vietnam is Australia's fifteenth largest trading partner, and Australia is Vietnam's seventh largest trading partner”, said Mr Shannon Leahy, Trade Commissioner, at the Australian Embassy.Photo: Australian Trade and Investment Commission (Austrade) - VietnamThe visiting delegates will showcase Australia’s expertise and capability in coal (including clean coal), infrastructure, consultancy, project management and technology, and innovation including in renewable energy, while … [Read more...] about Vietnam, Australia promote sustainable energy cooperation
Vietnam, Australia seek to create hi tech agricultural value chain
A workshop was held in the Mekong Delta province of An Giang on April 2 to discuss the development of hi-tech agricultural value chains between Vietnam and Australia. The provincial Department of Agriculture and Development and the Vietnam-Australia business association signed a memorandum of understanding on cooperation - Source: tuyengiaoangiang.vn Director of the provincial Department of Agriculture and Rural Development Tran Anh Thu said the event allowed local enterprises to learn about technical barriers and how to control the quality of farm produce exported to Australia and other markets in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). The workshop helped to promote local agricultural products and opened up investment opportunities for local and Australian businesses, he added. Professor Scott Murray from Canberra University introduced the value chain research model, the development path of Vietnam, and the benefits of the CPTPP … [Read more...] about Vietnam, Australia seek to create hi tech agricultural value chain