NA Chairwoman invites Australian investment in mining, shipbuilding
National Assembly Chairwoman Nguyen Thi Kim Ngan welcomed mining group Alcoa and ship-builder Austal to invest in Vietnam during her meeting with the two companies’ executives in Perth on December 1.
NA Chairwoman Nguyen Thi Kim Ngan receives President of the Alcoa Group, Garret Dixon (Source: VNA)
Perth (VNA) – National Assembly Chairwoman Nguyen Thi Kim Ngan welcomed mininggroup Alcoa and ship-builder Austal to invest in Vietnam during her meeting withthe two companies’ executives in Perth on December 1.
Ngan,who is on an official visit to Australia, appreciated Alcoa group’s intention toinvest in the bauxite and aluminium industry in Vietnam.
Vietnamhas huge bauxite reserves and several bauxite exploiting projects, she said, notingthat the country sets high criteria for projects in the field in terms ofenvironmental protection and technology application.
TheVietnamese National Assembly is committed to creating the best possiblefavourable conditions for foreign investors, including those from Australia, todo successful and long-term business in Vietnam, Ngan said, adding that shewill convey Alcoa’s proposal to the Vietnamese Government.
Shealso extended thanks to leaders of the Austal Company for their wish to runbusiness in Vietnam, underlining that Vietnam is a coastal country with hugeshipbuilding development potential and skilled workforce.
Thecompany can either build a new shipbuilding facility or buy the existing oneswith available infrastructure facilities and skilled workers, she suggested,adding that Vietnam is restructuring state-owned enterprises, including thosein the shipbuilding sector.
Leadersof the Austal Company asked the Vietnamese NA leader to help the company studythe investment environment in the country. They said once decision is made on Vietnam,the company may start its investment project in March or April, 2018.
Thecompany said they will consider Ngan’s suggestion on buying existingshipbuilding facilities in Vietnam.-VNA
National Assembly Chairwoman Nguyen Thi Kim Ngan has expressed wish to further strengthen ties with Australia within bilateral cooperation framework as well as at regional and global forums.
National Assembly Chairwoman Nguyen Thi Kim Ngan met with leaders from Western Australia to seek cooperation opportunities in various fields of mutual interests such as mining, renewable energy, liquefied petroleum gas, education-training, tourism, seaport and agriculture.
Vietnam opens widely the door for and vows to stand side by side with Australian enterprises during the process of doing business and investing in the country, said NA Chairwoman Nguyen Thi Kim Ngan.
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.
NA Chairwoman Nguyen Thi Kim Ngan receives President of the Alcoa Group, Garret Dixon (Source: VNA) 
