At the talks (Source: VNA) Hanoi (VNA) – Vietnam and Australia on August 23 agreed to raise bilateral trade from nearly 7.8 billion USD in 2018 to 10 billion USD next year. The consensus was reached during the talks in Hanoi between Prime Minister Nguyen Xuan Phuc and his Australian counterpart Scott Morrison, who is paying an official visit to Vietnam from August 22-24. The two leaders said although Australia’s investment in Vietnam is remarkable, with nearly 500 projects and combined investment capital exceeding 200 billion USD, the countries still hold a lot of potential and strength in this regard. The two sides, therefore, concurred to build an enhanced economic engagement strategy with the aim of becoming top ten trade partners and doubling investment. They will also push ahead with the first ministerial-level Vietnam-Australia economic partnership meeting to further boost the bilateral relations in trade, investment and development cooperation. The … [Read more...] about Vietnam, Australia target 10 billion USD in trade in 2020
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Vietnam, Australia look to harvest CPTPP fruit
Julianne Cowley, Australian Consul-General in Ho Chi Minh City What do you think are the highlights of Vietnam-Australia bilateral cooperation over the last 45 years and in the one plus year of their strategic partnership? Since the establishment of diplomatic relations in February 1973, Australia and Vietnam have developed strong links that continue to grow via personal ties through business, education, tourism and volunteering. The signing of the Strategic Partnership Agreement in March 2018 recognized the strength of the Australia-Vietnam bilateral relationship, and has served as a platform for the further deepening of our two-way ties. Vietnam is one of Australia’s fastest growing trade partners, with two-way trade growing by an average of 12 percent per year. Much of this trade is in resource inputs into Vietnam’s manufacturing and agriculture sectors - the majority of Vietnamese banh mi and wheat noodles are made with Australian wheat, and Vietnam is the second … [Read more...] about Vietnam, Australia look to harvest CPTPP fruit
PM Phuc expects stronger Vietnam-Australia cooperation
Prime Minister Nguyen Xuan Phuc (R) and Australian Minister of Foreign Affairs Marise Payne. Prime Minister Nguyen Xuan Phuc gave a reception to visiting Australian Minister of Foreign Affairs Marise Payne in Hanoi on June 13, during which he congratulated the latter on her reappointment as Minister for Foreign Affairs cum Minister for Women of Australia. Phuc glowingly spoke of Payne’s role in and significant contributions to fostering the Vietnam-Australia strategic partnership over the past years in both positions as the Minister for Foreign Affairs at present and the Minister for Defence in the past. He welcomed Payne for selecting Vietnam as one of the first countries to visit right in the second week of her new working tenure. The government leader said Vietnam-Australia ties have grown steadily, adding that Australia has annually trained close to 30,000 Vietnamese students. Last year’s two-way trade hit US$7.7 billion, a year-on-year increase … [Read more...] about PM Phuc expects stronger Vietnam-Australia cooperation
Vietnam, Australia seek cooperation on human resources development for tourism
The Australian Trade and Investment Commission (Austrade) is delighted to welcome representatives of nine leading Australian institutions in tourism and hospitality to Vietnam for the ‘Vietnam-Australia Tourism and Hospitality Education and Training Showcase’ program. The program combines a series of activities, including governmental meetings to foster bilateral relationship between the two countries, a panel discussion for both Vietnamese and Australian organizations to exchange expertise and explore partnership, a showcase and one-on-one business matching sessions. At the event “Australia is proud to share with Vietnam our world-class expertise/excellence in education and training of high-quality human resources in tourism and hospitality for the fast but sustainable growth of Vietnam’s tourism,” said Ms. Yvonne Chan, Australian Senior Trade Commissioner. According to UN World Tourism Organization, in 2017 Vietnam ranked in the … [Read more...] about Vietnam, Australia seek cooperation on human resources development for tourism
Vietnam-Australia relations now at best level ever: PM Phuc
Prime Minister Nguyen Xuan Phuc (R) and Australian Senate President Scott Ryan at their meeting in Hanoi on January 21 (Photo: VNA) Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc received Australian Senate President Scott Ryan in Hanoi on January 21, saying that Vietnam-Australia relations are now at the best level ever. Welcoming his guest’s official visit to Vietnam, PM Phuc expressed his belief that the trip will help consolidate the two countries’ strategic partnership as well as connections between the two parliaments. He said the Vietnamese Government will work closely with its Australian counterpart to realise the joint statement on the establishment of the strategic partnership. The two sides will effectively maintain existing cooperation mechanisms and promote the implementation of new ones within the framework of the strategic partnership, including meetings between their foreign ministers, defence ministers, and ministers in charge of economic … [Read more...] about Vietnam-Australia relations now at best level ever: PM Phuc