Vietnam and Australia ties trade cooperation

A memorandum of understanding (MoU) on cooperation to allows Vietnamese localities to access the Australian market via the AusCham’s network was signed in Hanoi on October 31.

The agreement was inked between the Australian Chamber of Commerce in Vietnam (AusCham) and 63 Vietnamese provinces and cities.

Speaking at the conference, Deputy Foreign Minister Bui Thanh Son said the event aims to improve mutually beneficial ties between Vietnam and Australia, contributing to the development of the Asia-Pacific region.

Vietnam wants to import quality products from Australia and welcomes Australian businesses to invest in local public-private projects and human resources development, he said. He also suggested both sides work together to promote trade and bring Vietnamese goods to Australia.

On his part, Australian Ambassador to Vietnam Craig Chittick said his Government will stimulate cooperation with Vietnam in trade, defence-security, creative innovation and personnel’s capacity building.

He proposed a working session between Australian firms and representatives from 63 Vietnamese localities in 2017 to exchange information and investment opportunities

Source: VNA