Bilateral relations between Vietnam and Australia are proving to be very important regarding investment in the...
Bilateral relations between Vietnam and Australia are proving to be very important regarding investment in the natural resources and energy sectors, with a focus on renewable energy, electric vehicle batteries, and energy storage solutions.
Australian businesses are investing in Vietnam in the fields of natural resources, renewable energy, electric vehicle batteries, and energy storage solutions.
On September 8, in Ho Chi Minh City, the Australian Trade and Investment Commission (Austrade) coordinated with the Foreign Investment Agency (FIA) and the Ministry of Planning and Investment to organize the Australian Investment Forum 2023.
Businesses from both countries directly discussed investment opportunities between the two sides.
This is an activity within the framework of celebrating the 50th anniversary of diplomatic relations between Australia and Vietnam.
Speaking at the Forum, Ms. Sarah Hooper, the Australian Consul-General in Ho Chi Minh City, emphasized that Vietnam is an important economic partner for Australia. Both countries aim to double bilateral investment and become each other's top trading partners. With an open economy and various free trade agreements, Australia sees great potential to expand trade and investment relations with Vietnam.
Regarding the potential for investment cooperation between the two countries, Mr. Vu Van Chung, Deputy Director of the Foreign Investment Department believed that Vietnam-Australia economic cooperation is mutually beneficial and has much room for future development.
“In addition to welcoming Australian businesses to continue researching and expanding their investments in Vietnam, we also expect to see more investment projects and Vietnamese brands appearing in Australia in the near future”, Mr. Chung said.
At the Forum, businesses from both countries directly discussed investment opportunities in the food, technology, and tourism sectors, as well as visa policies for Vietnamese investors.