Australia enhances partnership with Vietnamese localities
The Department of Foreign Affairs of Localities and AusCham have signed an agreement on beefing up partnership between AusCham and 63 Vietnamese provinces and cities.
Vietnam's dragon fruit is under Australia's assessment for import (Photo: VNA)
Hanoi (VNA) –The Foreign Ministry’s Department of Foreig🍸n Affairs of Localities and the Australian Chamber of Commerce in Vietnam (AusCham) have signed an agreement on beefing up partnership between AusCham and 63 Vietnamese provinces and cities.
Secured as part of a conference held in Hanoi on October 31, the memorandum of understanding on cooperation also allows Vietnamese localities to access the Australian market via the AusCham’s network.
Speaking at the conference, Deputy Foreign Minister Bui Thanh Son said the event aims to improve mutually beneficial ties between Vietnam and Australia, contributing to the development of the Asia-Pacific region.
He suggested both sides work together to promote trade and bring Vietnamese goods to Australia.
He added that Vietnam also wants to import quality products from Australia and welcomes Australian businesses to invest in local public-private projects and human resources development.
Australian Ambassador to Vietnam Craig Chittick said his Government will stimulate cooperation with Vietnam in trade, defence-security, creative innovation and personnel’s capacity building.
Chittick proposed a working session between Australian firms and representatives from 63 Vietnamese localities in 2017 to exchange information and investment opportunities-VNA
Vietnam is Australia’s fastest growing ASEAN trading partner as a result of trade deals like ASEAN Australia New Zealand FTA and proposed ones like the RCEP and TPP, HSBC has said in a recent report.
The Ministry of Agriculture and Rural Development announced that Australia has completed a draft assessment on fresh Vietnamese dragon fruit. The fruit is expected to be exported to Australia in 2017.
The Vietnam Macadamia Association (VMA) and Australian Macadamia Society (AMS) recently signed an agreement to boost the industry in both countries, according to Lao Dong newspaper.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Vietnam's dragon fruit is under Australia's assessment for import (Photo: VNA)
