At his meeting with the Australian diplomat, the host lauded the positive development of the countries’ strategic partnership in many spheres, with both countries recently signing a strategy to enhance economic link is to make Vietnam and Australia each other's top trading partner and to double bilateral investments.

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At the meeting between Head of the Party Central Committee’s Economic Commission Tran Tuan Anh and Australian Ambassador to Vietnam Andrew Goledzinowski

The bilateral trade turnover surpassed the target of 10 billion USD and hit 15.7 billion USD in 2022, up 26.9% year-on-year. In the first four months of 2023, the figure reached 4.52 billion USD.

He asserted that the Vietnamese Party and State encourage and commit to creating favorable conditions for Australian businesses to invest long-term in Vietnam in areas where Australia possesses strengths, such as renewable energy, high-tech agriculture, telecommunications, infrastructure development, supply chain assurance, mining, metallurgy, education, and agriculture.

Anh proposed that Australia further encourage local firms to increase their investments in Vietnam; support and facilitate Vietnamese enterprises' investments and operations in Australia; and create favorable conditions for the Vietnamese expatriate community in Australia.

For his part, Goledzinowski affirmed that Australia highly values the bilateral cooperation with Vietnam. He stressed that in the time to come, Australian companies want to explore investment cooperation opportunities across many areas in Vietnam.

Source: VNA