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 US$2 billion, 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 sides will step up two-way connectivity, expand collaboration in energy security and seize digital opportunities, including digital economy and e-government. … [Read more...] about Vietnam, Australia target US$10 billion in trade in 2020
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Vietnam, Australia aim for US$10 billion trade target next year
PM Nguyen Xuan Phuc (R) and his Australian counterpart Scott Morrison speak at a press briefing announcing the outcomes of their talks. At the talks, PM Phuc said he believes that Morrison’s first official visit to Vietnam in his capacity as Prime Minister of Australia will make considerable contributions to fostering the friendship and the strategic partnership between the two nations. PM Morrison, in turn, hailed the tremendous achievements Vietnam has recorded in national construction and development which, he said, have helped to raise its role and position in the region and the world, especially within ASEAN and the UN. He also affirmed Australia’s recognition of great importance to promoting ties with Vietnam – its key strategic partner in ASEAN and the region. The two leaders were appreciative of last year’s two-way trade turnover of US$7.8 billion, stating that despite Australia’s huge investment in Vietnam with close to 500 … [Read more...] about Vietnam, Australia aim for US$10 billion trade target next year
Vietnam, Australia target 10 billion USD in trade in 2020
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
TikTok kicks off tourism promotion campaign in Vietnam
An aerial view of Ba Na Hills in the central coastal city of Da Nang (Source: VNA) Hanoi (VNA) – The Vietnam National Administration of Tourism’s Tourism Magazine and TikTok Vietnam officially began promoting Vietnam’s famous tourist spots and special tours on the video app TikTok on June 13. The marketing programme has a very ambitious goal of producing and screening 30,000 short videos on the TikTok platform with a target of 100 million views. Videos will be featured under the brand hashtag of #HelloVietnam. The first video in the series will be about Da Nang, and it is scheduled to be launched on June 15 under the hashtag #HelloDanang. #HelloVietnam is part of the global tourism promotion campaign #TikTokTravel launched by TikTok to honour stunning tourism sites worldwide as well as nudge different cultures closer to each other. The two sides have also started cooperation on developing marketing strategy as well as working on promotion campaigns in target … [Read more...] about TikTok kicks off tourism promotion campaign in Vietnam
Vietnam’s marine development strategy introduced in Malaysia
Illustrative photo (Source: VNA) Kuala Lumpur (VNA) – The Vietnam Embassy in Malaysia introduced the country’s strategy for the sustainable development of its sea-based economy at the Maritime Institute of Malaysia (MIMA) on March 19. The event attracted representatives from Malaysian ministries of foreign affairs, defence, transport, universities, and research institutes, as well as diplomatic corps from the US and Australia. Vietnamese Ambassador Vu Hai Dang presented his home country’s marine potential and the process of building its sea strategy. He briefed key points of Resolution No 36-NQ/TW on sustainable marine economy growth strategy by 2030, with a vision toward 2045. Participants raised questions revolving around investment opportunities for Malaysia in Vietnam’s sea tourism and coastal infrastructure development projects. After the event, MIMA Director General Chin Yoon Chin praised the embassy’s efforts in boosting academic cooperation … [Read more...] about Vietnam’s marine development strategy introduced in Malaysia