Many of us in Australia may have Vietnamese friends and enjoy wonderful delicate Vietnamese cuisine, but many may not be aware of the growing two way trade that continues to provide business and investment opportunities for Australia and Vietnam. That is why I am excited about going to Vietnam and include it as one of the Asian countries to promote Australia – NSW – Vietnam business and investment opportunities, joining a NSW government roadshow mission.

Source from: https://www.austrade.gov.au/Australian/Export/Export-markets/Countries/Vietnam/Doing-business

…”Total two-way trade between Australia and Vietnam in 2014-15 was around A$10.2 billion. While the global economic slowdown presented challenges, the long term outlook for Australia-Vietnam trade and business relationships remains positive. There are many opportunities in industries for both countries such as:

• food and beverage
• agribusiness
• education and training (VET, skills development, research)
• healthcare and medical
• mining and resources
• infrastructure, building and construction
• aviation
• defence
• machinery and services
• ICT
• tourism.

Vietnam proactively participates in various free trade agreements like ASEAN Australia New Zealand Free Trade Agreement, ASEAN Economic Community, and the EU-Vietnam FTA. It is also a party to Regional Comprehensive Economic Partnership negotiations. The FTAs have further boosted international trade and foreign investment into Vietnam.’