Vietnam, Australia eye closer ties in economy, trade, investment
Deputy Prime Minister Pham Binh Minh wished that Vietnam will become one of Australia’s ten largest trade partners and vice versa at a reception for visiting Australian Minister of Trade, Tourism and Investment Dan Tehan in Hanoi on July 13.
Deputy Prime Minister Pham Binh Minh suggests Australia give Vietnamese passion fruit access to its market in his reception for visiting Australian Minister of Trade, Tourism and Investment Dan Tehan in Hanoi on July 13. (Photo: VNA)
Hanoi (VNA) – Deputy Prime Minister Pham BinhMinh wished that Vietnam will become one of Australia’s ten largest trade partnersand vice versa at a reception for visiting Australian Minister of Trade,Tourism and Investment Dan Tehan in Hanoi on July 13.
Welcoming Tehan, Minh spoke highly of Australia’sresponse to COVID-19 and its adaptation to the “new normal,” resulting ineconomic recovery and heightened position at the international stage.
He expressed his delight at the strong development of theVietnam-Australia strategic partnership in multiple fields, particularly economy,trade and investment - the focus of the bilateral strategic partnership.
He cited that two-way trade rocketed by more than 40 percent year on year inthe first half of 2021.
Deputy Prime Minister Pham Binh Minh (right) hosts a reception for visiting Australian Minister of Trade, Tourism and Investment Dan Tehan in Hanoi on July 13. (Photo: VNA)
Given that both countries are signatories to theComprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)and the Regional Comprehensive Economic Partnership (RCEP), he hoped thatVietnam and Australia will be among ten largest trade partners of each other.
The Deputy PM suggested Australia give Vietnamese shrimpballs and passion fruit access to its market while showing Vietnam’s interestin importing ore, coal, iron and steel, and rare earth from the country.
He also appreciated Australia’s role in the Asia-Pacificregion and its stance in maintaining the regional peace, security andstability, particularly in the East Sea, in line with international law and theUN Convention on the Law of the Sea (UNCLOS) 1982.
He moved on to thank the Government of Australia for supportingVietnam in its roles as ASEAN Chair 2020 and a non-permanent member of the UNSecurity Council and pledging to provide the Southeast Asian nation with 40million AUD (29.9 million USD) and 1.5 million doses of COVID-19 vaccine AstraZeneca to aid its COVID-19 fight. He hoped for Australia’s continued supportfor COVAX vaccine-sharing facility and for poor and developing countries toaccess COVID-19 vaccine supply.
Also pleased to see the growing bilateral ties, MinisterTehan said Australia is committed to cooperating with Vietnam in tacklingchallenges from the pandemic.
He asked the Government of Vietnam to back the Australia-VietnamEnhanced Economic Engagement Strategy (EEES) and continue fostering thebilateral trade and investment relations, with the focus placed on foodsecurity, water resources and high technology.
Tehan is on his first visit to Vietnam, one of the destinationsduring his two-week tour of five countries, also including Singapore, theRepublic of Korea, Japan and the US. These are Australia’s important partners,accounting for around one fourth of its goods and service export turnover./.
Representatives of the agriculture sector of Vietnam and Australia have agreed to accelerate work to allow the import of more farm produce of each other at the recent third Vietnam – Australia agriculture forum.
The Government of Australia is helping to strengthen trade opportunities with Vietnam through a pilot progamme, according to Australia’s Minister for Trade, Tourism and Investment Dan Tehan.
Australia plans to push up its import of frozen ginger products from Vietnam, with their value estimated to exceed 100 billion VND (4.35 million USD) this year, according to the Vietnamese trade office in the country.
Australian Minister for Foreign Affairs Marise Payne has affirmed Australia’s position which is guided by principled support for international law and the 1982 United Nations Convention on the Law of the Sea (UNCLOS).
A project to improve the knowledge and capacity of Vietnamese businesses in hi-tech agriculture will be soon carried out by Asialink Business of Melbourne University and Beanstalk AgTech of Australia.
Prime Minister Pham Minh Chinh, who is also a Politburo member and Secretary of the Government Party Committee, attended the 4th Party Congress of the EVN Party Organisation for the 2025–2030 tenure on August 10, directing EVN to ensure power supply to meet the country’s development demands with double-digit growth set for the coming years.
Party General Secretary To Lam and his spouse Ngo Phuong Ly, along with a high-ranking delegation of Vietnam arrived in Seongnam Air Base in Seoul on August 10 afternoon (local time), beginning a state visit to the Republic of Korea from August 10-13.
General Secretary of the Communist Party of Vietnam Central Committee To Lam and his spouse Ngo Phuong Ly departed from Hanoi on August 10 morning for a four-day state visit to the Republic of Korea (RoK), which is made at an invitation of RoK President Lee Jae Myung.
As part of the ASEAN Day celebrations, the Vietnamese embassy will also host the ASEAN Family Day 2025 in Ottawa to foster solidarity and community spirit among ASEAN members in Canada.
State President Luong Cuong’s trip once again reaffirmed the Party and State’s foreign policy of independence, self-reliance, diversification and multilateralisation of relations. It also reflected the strong trend of enhanced cooperation among countries of the Global South in shaping a new, more multipolar, fair and equitable world order.
The outcomes of Party General Secretary To Lam's visit will serve as a driving force and source of inspiration for the two countries to inherit, promote, and elevate their Comprehensive Strategic Partnership, contributing to the national construction and development cause in each country, and to peace, cooperation, and development in the region and the world.
Prime Minister Pham Minh Chinh on August 9 inspected the construction site of the new Phong Chau bridge, and surveyed a planned route for the Lao Cai – Hanoi – Hai Phong railway section running through the northern province of Phu Tho.
Across print, broadcast, and online platforms, Angolan media portrayed State President Luong Cuong's visit as a warm and historic occasion, strengthening bilateral ties and boosting Vietnam’s presence in Africa through the AU.
The 500kV Lao Cai – Vinh Yen power transmission line has a total investment of over 7.41 trillion VND (282.5 million USD), and a total length of 229.5 km, passing through 31 communes in the two provinces, and comprising 468 transmission tower foundations.
The visits reflected the elevated position of Vietnam’s foreign policy in the new era—aimed at not only advancing ties with key regional partners like Egypt and Angola but also delivering a strategic message about Vietnam’s commitment to deepening relations with African nations as a whole.
At their talks and meetings, President Cuong and Angola’s top leaders affirmed that the close brotherhood and traditional friendship are a valuable shared asset and a solid foundation for the two nations to advance into a new phase of development.
The ruling People’s Movement for the Liberation of Angola (MPLA) attaches great importance to the friendship, solidarity, and comradeship with the Communist Party of Vietnam, and voiced her Party’s wish to further deepen and expand relations between the two sides for the benefit of the Vietnamese and Angolan people.
Vietnam pledges to do its utmost to build an ASEAN of solidarity, consensus, and unity in diversity, and to foster a fast and sustainable development path for ASEAN, grounded in science, technology, and innovation, said Prime Minister Pham Minh Chinh.
Party General Secretary To Lam called on the criminal police force to accelerate the application of science, technology, artificial intelligence, and digital transformation in criminal investigation tasks such as crime prevention, detection, tracking and verification, ensuring that no area remains out of their reach.
Many Koreans living, studying, and working in Hanoi see the upcoming state visit to the Republic of Korea (RoK) by Party General Secretary To Lam as an opportunity to generate strong synergy in economic cooperation, people-to-people exchanges, and cultural understanding.
The achievements of the five decades of Vietnam–Angola cooperation provide a strong and enduring foundation, as well as momentum for the two sides to consolidate, expand, and bring their partnership into a new phase of development.
Prime Minister Pham Minh Chinh stressed that the emulation and commendation work is a vital driver, fostering patriotism, dedication, and collective momentum in the run-up to the 11th National Patriotic Emulation Congress, Party congresses at all levels, and the 14th National Party Congress.
Emphasising the need for sustainable, long-term collaboration, National Assembly Chairman Tran Thanh Man called on Japanese investors not only to bring in capital but also to share expertise and modern technology, especially in areas such as green transformation, the circular economy, and advanced corporate governance.
President Luong Cuong's activities during his state visit to Angola, the celebration of the financial sector's 80th traditional day, and the Foreign Ministry's flag-hoisting ceremony marking the 58th founding anniversary of ASEAN are among news highlights on August 8.
Vietnamese Ambassador to Thailand Pham Viet Hung praised the Thai Ministry of Foreign Affairs’ meaningful initiative, noting that the ASEAN Family Run was not only a sporting activity but also an opportunity for diplomats and their families to show unity, connection, and solidarity within the ASEAN family.
Deputy Prime Minister Pham Binh Minh suggests Australia give Vietnamese passion fruit access to its market in his reception for visiting Australian Minister of Trade, Tourism and Investment Dan Tehan in Hanoi on July 13. (Photo: VNA)
Deputy Prime Minister Pham Binh Minh (right) hosts a reception for visiting Australian Minister of Trade, Tourism and Investment Dan Tehan in Hanoi on July 13. (Photo: VNA)
