A seminar on trade and investment opportunities in Vietnam ’sagro-forestry-seafood sector was held in Sydney, Australia on July23.

The event took place during a July 20-31working visit by Deputy Minister of Agriculture and Rural DevelopmentDiep Kinh Tan to Australia and New Zealand to promote trade andinvestment in the agro-forestry-seafood sector

Atthe seminar, Tan said that Vietnam and Australia see greatpotential for trade and investment cooperation in theagro-forestry-seafood sector, especially when the two sides have beenrealising commitments in the framework of the ASEAN-Australia-NewZealand Free Trade Area and are participating in the Trans-PacificPartnership (TPP) Agreement.

Vietnam hascarried out a number of policies providing incentives to investment inthe agricultural sector, creating a more favourable environment forforeign investment, he said.

However, Tan noted alimited foreign investment flow to agriculture and rural development,with only 950 projects with a total registered capital of 4.8 billionUSD.

The Deputy Minister called on Australianpartners to further boost trade and investment cooperation withVietnam in the sector.

Australian businessesshowed their interest in measures to strengthen cooperation withVietnam in this field, including organising training courses andexchanging experts.

They suggested Vietnamcreate more favourable conditions for farmers to get better access tonew technologies in agriculture and rural development.-VNA