Vietnam-Australia investment, trade promotion centre inaugurated
Vietnamese Ambassador to Australia Nguyen Tat Thanh attended a ceremony to inaugurate the Vietnam-Australia Trade and Investment Promotion Centre on November 20.
Sydney (VNA) - Vietnamese Ambassador to Australia Nguyen Tat Thanh attended a ceremony to inaugurate the Vietnam-Australia Trade and Investment Promotion Centre on November 20.
The centre, located in Melbourne city of Victoria state, is set up and run by the Vietnamese Business Association in Australia (VBAA).
VBAA President Tran Ba Phuc said the centre will help promote Vietnamese products in Australia as well as trade between the two countries.
In the long-term, it will organise trade fairs on high-quality Vietnamese goods and farm produce, towards the signing of contracts shipping Vietnamese products to the Oceanian market.
Hailing the VBAA’s initiative to set up the centre and contributions of the Vietnamese entrepreneurs in Australia, Ambassador Thanh affirmed that the Vietnamese representative offices in the country will create the best conditions for the operation of the centre.
Vietnam-Australia trade hit 10 billion USD in October, surging 50 percent against the same period last year./.
Minister of Public Security General To Lam suggested Vietnam and Australia enhance cooperation in all spheres, including national defence and security, at a reception for Australian Minister of Foreign Affairs and Minister for Women Marise Payne in Hanoi on November 9.
Despite difficulties brought by COVID-19, Vietnam’s farm produce exports to Australia enjoyed positive growth, gradually conquering one of the most challenging markets in the world.
Nguyen Thuy Quynh, a Vietnamese lecturer at RMIT University in Australia has been named in The Australian’s 2021 Research magazine as Australia’s top researcher in composite materials for her project on manufacturing fireproof materials to help protect buildings and other constructions from being destroyed by forest fires.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
Vietnam is now positioning itself as a global manufacturing hub with a diversified export portfolio, improved product quality, and enhanced price competitiveness.
At the inaugural ceremony (Photo: VNA) 
