Albanese paid an official visit to Vietnam from June 3-4 at the invitation of his Vietnamese counterpart Pham Minh Chinh.

According to Hai, the two sides shared the view on positive developments of the bilateral diplomatic ties over the past 50 years, and the bilateral strategic partnership in the three pillars of politics, national security and defense; economy, trade and investment; and education and training.

PM Pham Minh Chinh and his Australian counterpart Anthony Albanese review the guards-of-honor of the Vietnam People's Army at the welcome ceremony for the latter on June 4.

They said ample room remains for cooperation in economy, trade and investment. Therefore, Vietnamese and Australian leaders set the targets of raising bilateral trade to 20 billion USD and doubling the two-way investment, the researcher said.

He also highlighted the signing of a memorandum of understanding (MoU) on cooperation in the establishment of a trade dialogue mechanism at the ministerial level between the Vietnamese Ministry of Industry and Trade and the Australian Department of Foreign Affairs and Trade.

The two sides also consented to increase high-level meetings and delegation exchanges in all Party, National Assembly and Government channels, and step up people-to-people exchanges, build an action plan for the new period, and continue boosting economic, trade and investment cooperation, and strengthen collaboration in national defense and security, justice, and other spheres like official development assistance (ODA), education-training, science-technology, labor, transport, tourism, climate change and digital transformation.

In that spirit, they agreed to work to elevate the bilateral relationship to a new level in the time ahead, Hai continued.

The researcher added that Vietnam and Australia also shared the view on how to approach the East Sea (South China Sea) issue and the importance of maintaining and promoting peace, security, safety and freedom of navigation and aviation in the East Sea, pushing ahead with dialogues, reinforcing trust, and settling disputes by peaceful measures in line with international law, including the United Nations Convention on the Law of the Sea 1982 (UNCLOS 1982).

He held that PM Albanese’s friendliness demonstrates not only his sentiments towards Vietnam and his love for Vietnamese culture, but also the special importance Australia attaches to its relations with the Southeast Asian nation.

Sharing Hai’s views, Tran Ba Phuc, President of the Vietnam Business Association in Australia, said meetings during the PM’s visit reflect the spirit of openness, candidness, sincerity, and trust between the two sides.

It also mirrors the success of Vietnam’s foreign policy, thus facilitating relations between Vietnam and other countries, he went on.

The close ties between Vietnam and Australia have been manifested in diplomacy, trade, education, and climate change response, he said, expressing a hope that the visit will contribute to consolidating the political trust between the two countries and their multi-faceted cooperation.

Source: VNA