HCM City, Western Australia look to boost trade ties
Vice Chairman of the Ho Chi Minh City People's Committee Vo Van Hoan has called on Western Australia's businesses to invest in strong fields such as food processing industry, agricultural biotechnology, and education- training in the southern hub.
Participants take a group photo at the reception (Photo: VNA)
HCMCity (VNA) – Vice Chairman of the Ho Chi Minh City People's Committee VoVan Hoan has called on Western Australia's businesses to invest in strong fields such as food processing industry, agricultural biotechnology,and education- training in the southern hub.
Duringhis reception on March 7 for Deputy Premier of Western Australia Roger Cook Mla, who is on aworking visit to the city, Hoan said the visit is a meaningful activity in theyear when the two countries celebrate the 50th founding anniversary ofthe diplomatic ties, contributing to further promoting cooperation between HCM City and the Australian state, and strengthening the bilateral relations as well.
The strong development of bilateral relations hascreated favourable conditions for cooperation between the localities of the twonations, the city leadre stressed.
Western Australia is the fourth state of Australia afterVictoria, Queensland and New South Wales to open a trade and investmentrepresentative office in the locality, Hoan said, adding that the move has contributedto creating new connections between the two sides, especially in trade,investment, tourism, education, innovation and entrepreneurship.
For his part, Mla said Western Australia iseager to strengthen cooperation with HCM City in the fields of energy,tourism, creativity, culture, and education – training.
He affirmed that the operation of its trade and investmentrepresentative office is a specific measure to promote trade cooperationbetween the Vietnamese and Australian localities.
According to the official, there are over 12,000Vietnamese people living in Western Australia. The Vietnamese community hasmade many contributions to the development of the state.
At the local level, Western Australia hassigned a memorandum of understanding on cooperation with the southern provinceof Ba Ria Vung Tau in 2021.
Australia has so far run nearly 800 projects with a total investment of over900 million USD in HCM City, ranking 19th among 117 countries andterritories investing in the southern hub. Two-way trade between HCM City andAustralia reached more than 1.4 billion USD last year./.
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Participants take a group photo at the reception (Photo: VNA) 
