Australia, Vietnam strive to finalise enhanced economic cooperation strategy
Officials of Australia and Vietnam are working hard to be able to finalise the Enhanced Economic Engagement Strategy, which aims to beef up the bilateral economic ties, in late September, according to Australian Minister for Trade, Tourism and Investment Dan Tehan.
A wind power field in Quang Tri province - Illustrative image (Photo: VNA)
Sydney (VNA) - Officials of Australia and Vietnam are working hard to be able to finalise the Enhanced Economic Engagement Strategy,which aims to beef up the bilateral economic ties, in late September, accordingto Australian Minister for Trade, Tourism and Investment Dan Tehan.
Talking to international journalists during an online conference on September6, Tehan highlighted a bright prospect for economic-trade cooperation betweenthe two countries, saying that Australian and Vietnamese economies arecomplementary.
The trade bondbetween the two nations is constantly growing with many opportunities openingup, he said.
Australia sees great prospects for cooperation with Vietnam in the fields oftraditional, renewable and clean energy, vocational education and training, andimport and export of agricultural products, he went on.
People-to-people diplomacy between Australia and Vietnam has been constantlyexpanded and consolidated, significantly contributing to promoting their bilateralrelations, the minister noted.
Australian Prime Minister Scott Morrison is very interested in and looksforward to seeing new developments in the Australia – Vietnam relationship, headded./.
A conference to promote cooperation in information and technology between Vietnam and Australia took place virtually from August 10-12, attracting the participation of IT firms from both countries.
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Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
A wind power field in Quang Tri province - Illustrative image (Photo: VNA) 
