Vietnam, Australia strengthen trade, investment cooperation

HCMC – Officials from Vietnam and Australia have highlighted the significant potential for enhancing bilateral trade and investment, particularly through the free trade agreements (FTA) to which the two nations are signatories. Sarah Hooper, Australian consul general in HCMC, said that Vietnam and Australia have a strong foundation for business cooperation, built on their long-standing ties and mutual desire to strengthen their partnership. Her remarks were made during a roundtable discussion on trade and investment promotion between the two countries held in HCMC on September 6. The event, attended by senior officials and business executives, was aimed to share experiences, deepen understanding of trade and investment opportunities, and enhance awareness of FTAs for companies in both Vietnam and Australia. In 2022, Australia was Vietnam’s seventh largest trading partner, while Vietnam ranked tenth among Australia’s leading partners in trade.