Forum promotes Vietnam - Australia cooperation in construction
A forum has been held in Sydney to promote connecting and building partnerships between Vietnamese businesses and Australia's property developers and construction companies.
Sydney (VNA) – A forum has been held in Sydney to promote connecting and building partnerships between Vietnamese businesses and Australia'🤪s property developers and ꦫconstruction companies.
The event attracted more than 120 participants, including representatives from the Vietnamese Embassy in Australia, Vietnam’s Trade Office in Australia, New South Wales’s business association, the Australia-Vietnam Business Council, Ho Chi Minh City's Saigon Construction & Building Material Associations and the Binh Duong Construction Association, and Vietnamese and Australian enterprises in building material production and property development.
The forum, held by Pistis Group with the support from the Vietnamese Embassy and the Vietnamese Trade Office in Australia, is one of the first trade promotion activities between the two countries after Australian Prime Minister Anthony Albanese and Vietnamese Prime Minister Pham Minh Chinh announced the upgrade of bilateral relations to a comprehensive strategic partnership during Chinh's official visit to Australia on March 7.
At the event, representatives of Vietnamese construction materials manufacturers introduced their advanced products and technology, affirming their quality and competitiveness in the international market.
Meanwhile, Grame Barty, International Trade consultant of Business NSW - an Australian not-for-profit membership organisation that advocates on behalf of Australian businesses, said that Australia's housing demand is 1.2 million houses, including 320,000 houses for New South Wales alone. That offers a "golden opportunity" for Vietnamese construction materials exporters.
On this occasion, the Viettel Construction Joint Stock Corporation and HBC Build Australia signed an agreement on the procurement of construction materials for Ramada Sky Hotel and a housing project for people over 50 years old in Warwick town in the state of Queensland./.
Vietnamese Ambassador to Australia Pham Hung Tam has received a delegation from the Australia Vietnam Business Council (AVBC), discussing ways to step up bilateral cooperation.
Deputy Minister of Planning and Investment Do Thanh Trung has expressed his wish for the support from the Australian Centre for International Agricultural Research (ACIAR) in optimising investment resources for agriculture and rural development.
Vietnamese Ambassador to Australia Pham Hung Tam has had a meeting with Australian Minister for Trade and Tourism Don Farrell to discuss opportunities for promoting trade and investment cooperation between the two countries.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Despite global economic uncertainties, Binh Duong has maintained strong momentum in both exports and industrial production during the first half of 2025.
