Hanoi (VNA) – Australia is apromising market of Vietnam as the country spends 600 billion USD each year onimports.
Trade between Vietnam and Australia inrecent years has risen by nearly 10 percent a year on average. Australia is theeighth biggest export partner and the 12th biggest import partner ofVietnam. Vietnam is also the 14th largest trade partner of Australiain terms of both imports and exports.
Each year, Australia imports about 1.7-2billion USD worth of vegetables, while Vietnam imports 20 billion USD of theproducts.
Vietnam ships 173 million USD worth ofgarment and textile products to Australia, accounting for only 1.9 percent ofthe country’s total imports of the products.
In recent years, the number of Vietnameseproducts exported to Australia has increased, with the introduction of many newkinds of farm produce such as litchi, mango and dragon fruit. In 2019,Vietnamese longan will continue to be sold in Australia.
The 24 million-strong market has high foodsafety standards, requiring Vietnamese farms to ensure higher product quality,change their methods and choose the most suitable products.
Vietnamese tra fish is one success story.Currently, Vietnam has 98 percent of market share in Australia. After years ofstruggling in European and American markets, Vietnamese firms have paid muchattention to developing varieties, material regions, harvesting and processingprocedures, and defining market segments.
At the same time, domestic businesses havebeen advised to research the Australian market and learn preferential policiesfor Vietnamese exporters as stated in the ASEAN-Australia-NewZealand Free Trade Area.-VNA
Two-way trade between Vietnam and Australia surged by 58.9 percent year on year in the first month of 2018 to reach 595 million USD, according to statistics of the Vietnam Customs.
Minister for Trade and Industry of New South Wales Niall Blair said the Australian state wants to step up cooperation with Vietnam in energy, minerals (coal), gas, food and agriculture during his meeting with Vietnamese Minister of Industry and Trade Tran Tuan Anh.
An official from the Ministry of Industry and Trade of Vietnam has said that Australia is a potential market for Vietnamese textiles with the introduction of CPTPP.
Kymdan latex mattress exported to Australia has been approved as an Osteopathy Australia endorsed product, which can support treatment in the field of osteopathy.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
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.
Illustrative image (Source: VNA) 
