Forum promotes Vietnam-Australia trade, investment collaboration
The Australian Trade and Investment Commission (Austrade) in Vietnam, in collaboration with the Foreign Investment Agency (FIA) of Vietnam, held a 2023 Australia Investment Forum in Ho Chi Minh City on September 8 to boost trade and investment cooperation between the two countries.
Delegates to 2023 Australia Investment Forum (Photo: Australian Embassy in Vietnam)
HCM City (VNA) - The Australian Trade and Investment Commission(Austrade) in Vietnam, in collaboration with the Foreign Investment Agency (FIA)of Vietnam, held a 2023 Australia Investment Forum in Ho Chi Minh City onSeptember 8 to boost trade and investment cooperation between the twocountries.
The forum, a subsequent event of the 2023 Australia-VietnamInvestment Forum held in Hanoi on April 17, is among the activities to celebrate the50th anniversary of the bilateral diplomaticties.
Stressing the bilateral relations are developing strongly inall fields, Australian Consul General in the city Sarah Hooper said that the Vietnam visits by her country’s leading officials this year have demonstratedthe importance it has attached to its strategic partnership with Vietnam aswell as its commitment to realising the intention to upgrade the ties to acomprehensive strategic partnership.
Vietnam is a very important economic partner for Australiaand both are aiming to double two-way investment and become each other'sleading trading partner.
“With an open economy, multiple FTAs and strong culturallinks with Asia, we see enormous potential to expand our trade and investmentrelationship and there are real opportunities in Australia for Vietnameseinvestors who take the time to get to know the market and to invest theirbusiness in Australia which link to their supply chains in Vietnam and ininternational markets,” she said.
FIA deputy head Vu Van Chung said that there remains anample room to further develop the complementary economic cooperation betweenVietnam and Australia.
The Ministry of Planning and Investment is committed toworking closely with Australian authorities to provide information and supportthe investment process of Vietnamese businesses in Australia in the comingtime, thus contributing to promoting bilateral economic collaboration.
At the forum, over 100 participating Vietnamese enterpriseswere provided with information about foreign direct investment policies,opportunities in the global value chain, market challenges, and Australianstates’ incentives.
Currently, there are 93 investment projects worth about 586million USD of Vietnamese enterprises in Australia, ranking 11th out of the 80countries and territories receiving the Southeast Asian country’s investments./.
Foreign Minister Bui Thanh Son and his visiting Australian counterpart Penny Wong on August 22 co-chaired the fifth Vietnam-Australia Foreign Ministers’ Meeting in Hanoi.
Secretary of the Party Committee of Ho Chi Minh City Nguyen Van Nen on August 23 hosted a reception for Australian Minister for Foreign Affairs Penny Wong, who is on a working visit to the southern metropolis.
The Australian Government’s funding scheme – Innovation Partnership Grants under the Aus4Innovation programme - will provide 2 million AUD (1.3 million USD) for the fourth funding round to capitalise tech-based innovation in Vietnam’s agriculture sector.
The Vietnamese Consulate General in Sydney and the University of Sydney co-organised a symposium on Australia - Vietnam innovation on August 29 in both in-person and online format, on the occasion of the 50th anniversary of bilateral diplomatic ties this year.
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.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Delegates to 2023 Australia Investment Forum (Photo: Australian Embassy in Vietnam) 
