Notably, Vietnam’s exports to Australia surged 42% to 4.9 billion USD, according to Vietnam’s trade office in the country.

Head of Vietnam’s trade office in Australia Nguyen Phu Hoa at a trade promotion event for Vietnamese agricultural products in Australia

Among the main exports to Australia, fishery products brought home 247.6 million USD (up 49%), timber and wood products 135.4 million USD (up 23.99%), confectionery over 50 million USD (up 50%), and steel 142 million USD (up 232.92%).

Meanwhile, imports also rose 34.75%, with input materials for production such as coal, iron ore, metal, and wheat being the main commodities purchased from Australia.

Nguyen Phu Hoa, head of Vietnam’s trade office, attributed the impressive export growth to the increasing diversity and competitiveness of Vietnamese goods, efforts by Vietnamese firms to help their products get a foothold in the Australian market, and localities’ support for businesses in trade promotion.

Source: VNA