Nearly 100 overseas Vietnamese businesspeople gathered at a forum in Melbourne city, Australia, on June 28 to explore investment opportunities in Vietnam.

Deputy Minister of Industry and Trade Nguyen Cam Tu said his working trip to Australia from June 25-29 aims to popularise the Party, State and Government’s incentives designed for overseas Vietnamese businesses in order to encourage them to invest in the homeland.

At the forum

He highlighted the extensive integration of Vietnam in the global economy, saying the country is likely to be one of the earliest members to ratify the Trans-Pacific Partnership (TPP) agreement - the world largest free trade pact.

Additionally, Vietnam is engaging in negotiations on the Regional Comprehensive Economic Partnership (RCEP) between ASEAN and its six partners, including Australia and New Zealand, which is expected to open up more opportunities for Australian-based businesses, including those run by overseas Vietnamese, he said.

Vietnamese Ambassador to Australia Luong Thanh Nghi underlined the growing friendship and diplomatic ties between the two countries over the past four decades, especially in the fields of economy, trade and investment.

He noted that Vietnam is one of the top 15 trade partners of Australia and both countries are members of the ASEAN-Australia-New Zealand Free Trade Agreement, TPP, and RCEP.

The Ambassador said the Vietnamese Trade Office in Australia has carried out a number of activities to bring Vietnamese goods into the market.

Chairman of the Vietnam Business Association in Australia Tran Ba Phuc said the six-year-old association has nearly 300 members and they are serving as a bridge to connect overseas Vietnamese and Australian business with partners at home.

More than 300,000 Vietnamese are living in Australia, mainly in New South Wales and Victoria States.

Source: VNA