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Tuesday, September 17 2019
Tiếng Việt
a A
Date 03/04/2017-16:24:00 PM
Autralian aid in Vietnam – towards an economic partnership
(MPI) – On March 31st 2017, the biennial Australia – Vietnam High level consultation on development cooperation was held to discuss the results of out long-term development cooperation and the importance of its transformation into an economic partnership. Deputy Minister of the MPI Nguyen The Phuong and Mr. Philip Green, First Assistant Secretary, South East Asia Mainland and Regional Division, Australian Department of Foreign Affairs and Trade co-chaired the meeting.

Representatives at the meeting. Photo: Australian Embassy in Vietnam

Key achievements of Australia – Vietnam development cooperation over 2015 – 2017 include: Good progress in construction of the Cao Lanh bridge, which is on track for completion in late 2017; Encouraging progress in developing three new initiatives to develop a strong and competitive private sector in Vietnam, including Aus4Reform, Aus4Transport and Aus4Water; Effective commencement of the new Aus4Skills initiative in 2016, which will continue to deliver the prestigious Australia Awards Scholarships, as well as a new range of flexible human resource development support packages; Support for women’s economic empowerment, including preparation for the new Aus4Equality and Investment in Women initiatives.

Mr. Philip Green said that Vietnam has been an important partner to Australia in the region for a long time and the commitment to development cooperation with Vietnam is on-going. Given Vietnam’s tremendous achievements in socio-economic development, it is now time to transform the relationship into an economic partnership, based on mutual benefit and shared challenges.

The economic partnership is expected to be built on the following principles: Commitment to pursuing shared economic interests as outlined in our Plan of Action 2016-2019; Encouraging a dynamic private sector; Fostering greater business and market access opportunities; Empowering women in the economy; Promoting environmentally sustainable growth.

Australian Ambassador Craig Chittick assessed that the two countries have a strong and mutually beneficial relationship, cemented in the Declaration on Enhancing the Australia – Vietnam Comprehensive Partnership signed in 2015 and supported by the suite of initiatives identified in the Plan of Action 2016-2019, signed by the two Foreign Ministers in November 2016. This transformation will help boost the comprehensive partnership between the two countries in the years to come.

Deputy Minister of the MPI Nguyen The Phuong and Mr. Philip Green, First Assistant Secretary, South East Asia Mainland and Regional Division, Australian Department of Foreign Affairs and Trade signing the Minutes of the meeting. Photo: Australian Embassy in Vietnam

Australia has had development cooperation with Vietnam for 26 years, covering a wide range of development areas, in line with Vietnam’s Socio – Economic Development Plan. In the single financial year 2016-2017, Australia’s estimated aid to Vietnam is 83.6 million AUD, making Vietnam the sixth largest recipient of Australian aid.

Australian development cooperation activities are guided by a 5-year Aid Investment Plan (2016-2020), where its support will focus on three key priorities: Enabling and engaging the private sector for development; Assisting the development and employment of a highly skilled workforce; Promoting women’s economic empowerment, including ethnic minorities./.

Nguyen Huong
Ministry of Planning and Investment

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