Vietnamese Prime Minister Pham Minh Chinh speaks at the Australia-Vietnam Business Forum. (Photo: VNA)
Hanoi (VNA) – The processing and manufacturing sector has lured the most Australian investments in Vietnam, theMinistry of Planning and Investment reported.
The ministry said Australian businesses have invested in631 projects in the Southeast Asian nation, with a total registered capital of2.04 billion USD.
Among the 18 sectors in which Australian firms havepoured capital into, processing and manufacturing received the most with 133projects worth 954.68 million USD, followed by lodging and catering serviceswith 31 projects valued at 154.32 million USD.
The agro-forestry-fishery sector ranks third with 25projects and 120.04 million USD, according to the ministry.
Among 45 cities and provinces receiving Australian investments,the southern province of Ba Ria - VungTau takes the lead with 16 projects worth 392.21 million USD, followed by HoChi Minh City and Hanoi.
Processing-manufacturing industry attracts most Australian investments. (Photo: VNA)
Vietnam has so far attracted 39,553 FDI projects worth473.1 billion USD, with nearly 300 billion USD disbursed.
Meanwhile, Vietnam has injected more than 550 millionUSD into over 90 projects in Australia.
The bilateral trade stood at about 14 billion USD lastyear, making the two countries among the top 10 trade partners of each other./.
Prime Minister Pham Minh Chinh attended the Vietnam - Australia Business Forum in Melbourne on March 5 morning (local time) as part of his ongoing trip to Australia to attend the ASEAN - Australia Special Summit and pay an official visit to Australia.
Prime Minister Pham Minh Chinh and his spouse are attending the ASEAN – Australia Special Summit commemorating the 50th anniversary of their dialogue relations, and pay an official visit to Australia from March 5 at the invitation of Australian Prime Minister Anthony Albanese.
Foreign Minister Bui Thanh Son had a meeting with his Australian counterpart Penny Wong on March 5 within the framework of the ASEAN - Australia Special Summit commemorating the 50th anniversary of bilateral relations in Melbourne.
Vietnam has become an important partner of Australia and in recent years, the relations between the two countries have grown closer than any other, Greg Earl, former member of the Australia - ASEAN Council said on the sidelines of the ASEAN - Australia Special Summit which wrapped up in Melbourne on March 6.
An online seminar on strengthening trade relations through international trade fairs, held by the Vietnam Trade Office in India on June 25, saw the participation of nearly 50 Vietnamese seafood companies and 50 Indian enterprises in sectors of processed food, agricultural products, fruits, and spices.
The vehicles will be deployed for mail and parcel delivery by Hanoi Post, marking another step in the strategic partnership between the two firms since 2021. With this batch, the total number of electric motorbikes Honda has supplied to Vietnam Post has reached 405, operating primarily in key cities such as Hanoi and Ho Chi Minh City.
With participation from major players representing countries such as Russia, China, Japan, India, Thailand, and Indonesia, Vietbuild 2025 is expected to present a wide range of environmentally friendly and innovative products and services, especially building materials, machinery, and interior and exterior decoration.
Bulgaria holds strengths in sectors that align well with Vietnam’s development focus, including information technology, software, electronics, energy and the environment, startups and innovation, agriculture and food processing, logistics, and freight services.
Vietnam Airlines is pursuing an Environmental, Social, and Governance (ESG) roadmap to reduce emissions, improve fuel efficiency, and adopt sustainable aviation fuels. It is also investing in workforce development, corporate culture, and international management practices.
Thailand's largest retailer, Central Retail Corporation (CRC), will invest over 45 billion THB (1.38 billion USD) through 2027 to expand mainstream markets and accelerate growth across Southeast Asia, including Thailand and Vietnam.
Vietnam ranks among Asia’s top producers and exporters of denim, with hundreds of factories producing denim fabric and garments. Vietnamese denim products are now exported to over 70 countries.
In 2024, durian was a leading export among Vietnam’s fruits and vegetables, earning a record of 3.3 billion USD and accounting for 46% of the sector’s total export value. China was the largest market, importing 3.2 billion USD worth of durians, or 97% of the total.
The arrival of this first wind power equipment shipment signalled the Trung Nam Ca Na seaport’s infrastructure readiness and its entry into a new phase of development, aligned with Vietnam’s adjusted National Power Development Plan VIII.
PM Pham Minh Chinh has called on global tech giants to bolster cooperation with Vietnam to assist with the country's efforts to drive a startup and innovation ecosystem.
Prime Minister Pham Minh Chinh had meetings with leaders from multinational corporations on June 25, advancing Vietnam’s infrastructure development as well as food processing sector, on the sideslines of the 16th Annual Meeting of the New Champions of the World Economic Forum (WEF) in Tianjin city.
According to UOB, following the US’s announcement of reciprocal tariffs of 46% on Vietnamese goods on April 2, around 80% of Vietnamese businesses have proactively taken measures to respond to potential impacts.
As one of the most prestigious annual international events in the industry, the expo serves as a prime platform for enterprises to connect, exchange valuable experience, and explore reliable collaboration opportunities with both domestic and international companies.
Organised by the Vietnamese Embassy and Trade Office, Vietnam's national booth showcases catalogues and product samples from over 30 Vietnamese companies, spanning key sectors such as agriculture, seafood, food and beverages, footwear, textiles, furniture, plastics, construction materials, and industrial machinery.
Vietnamese Prime Minister Pham Minh Chinh speaks at the Australia-Vietnam Business Forum. (Photo: VNA) 
Processing-manufacturing industry attracts most Australian investments. (Photo: VNA) 
