Vietnam-Australia trade up over 33% in nine months
Trade between Vietnam and Australia rose 33.4% to nearly 12 billion USD in the first nine months of this year after reaching a record in 2021, according to the Vietnam Trade Office in Australia.
Sydney (VNA) – Trade between Vietnam and Australiarose 33.4% to nearly 12 billion USD in the first nine months of this year afterreaching a record in 2021, according to the Vietnam Trade Office in Australia.
In the period, export revenue generated in the Australianmarket hit 4.2 billion USD, up nearly 34%, while Vietnam’s total exports increased 17.2%.
Notably, strong growth was seen in the export of many products, includingfootwear (30.83%), garment (29.8%), seafood (52%), steel (205%), wood andfurniture (26%), and coffee (102%).
In the first eight months of this year, Vietnam was the 10th biggest trade partner of Australia, while Australia is the seventh greatest ofVietnam.
Nguyen Phu Hoa, head of the Vietnam Trade Office inAustralia, said that along with implementing the Government’s policies on economiccooperation with Australia, the office has given timely support to domesticfirms during the recent tough time of COVID-19.
The office has provided information on the construction material demands ofAustralia to Vietnamese exporters, contributing to forming supply chainsbetween the two countries. Meanwhile, it has helped promote the trademark ofVietnamese farm produce and aquatic products in the market, while working hardto protect the interest of Vietnamese businesses.
Hoa said that although trade targets for this year has been achieved, there are still many challenges in the rest of the year.
The office is applying drastic measures to further promotetrade between the two countries. A campaign to encouragethe Vietnamese community in the country to prioritise Vietnamese products willbe launched, Hoa added.
The official also stressed the need to improve the efficiency of logistics services toshorten the delivery time.
He also advised Vietnamese exporters of farm produce tocontinue to ensure the uniformity of product quality, while coordinating withthe office to promote trademark building and select exclusive distributors,thus expanding market share in a stable manner./.
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Trade revenue between Vietnam and Australia approximated 11 billion USD in the first eight months of 2022, up over 37% from a year earlier, statistics show.
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Illustrative image (Photo: VNA) 
