Vietnam is a perfect economic partner for Australia, said a joint report by Asia Society Australia and the Australian APEC Study Centre at RMIT University.
Sydney (VNA) – Vietnam is a perfect economicpartner for Australia, said a joint report by Asia Society Australia and theAustralian APEC Study Centre at RMIT University.
Supported by the Australian state of Victoria’s Government, the“A Path to Vietnam” report aimed to raise awareness of business opportunitiesand show pathways for Australian companies to succeed in Vietnam.
The findings from this report show Vietnam is a standoutoption for Australian businesses to consider as a market for goods and servicesand business investment.
The market will help Australia capitalise on economiccomplementarities and diversify supply chains.
The report said Vietnam, a densely populated, developing andurbanizing country, is rapidly transitioning to an industrial and market-basedeconomy through trade and investment and is making strides to position itselfto thrive in the Fourth Industrial Revolution (Industry 4.0).
It pointed to great opportunities available in Vietnam forAustralian goods like beef, grains, cotton, horticulture and processed foods;resources like mining, minerals, and metals; services in education, ICT,insurance, environmental and health; and Industry 4.0-related sectors ofFintech, Agtech, Healthtech, Edtech, logistics, IT services, and digital skills.
According to the report, Vietnam always welcomes Australianfirms, with Australian brands highly evaluated. Currently, the two nations areboth working on Enhanced Economic Strategies to meet a joint ambition to becometop ten trading partners of each other and doubling investment in each other.
At his trip to Vietnam last year Australian Prime MinisterScott Morrison said: “We’re at a sweet spot in our partnership. […] The capacityfor Australia and Vietnam to work even more closely together is enormous. Ourpartnership is full of potential. It’s full of opportunities.”/.
An international workshop on sustainable cooperation between Vietnam and Australia regarding techniques in mineral exploration and processing in the north of Vietnam was held in Hanoi on November 16.
The Vietnam-Australia strategic partnership has created a framework to advance the bilateral ties, particularly in politics, economy, security, education and environment, Australian Governor-General David Hurley said on November 27.
Australian Minister for Foreign Affairs Marise Payne on December 3 expressed her delight at the positive development of the Vietnam-Australia strategic partnership, considering this a firm foundation for the two countries to elevate bilateral ties to a new high.
Vietnamese businesses in Australia have made significant contributions to the growth of Vietnam-Australia trade in 2020, Vietnamese Ambassador to Australia Nguyen Tat Thanh said at a ceremony to review activities of the Vietnamese Entrepreneurs Association in Sydney (VEAS) on December 5.
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.
Illustrative photo (Source: //asiasociety.org/) 
