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Thursday, February 9 2023
Tiếng Việt
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Date 23/08/2022-18:39:00 PM
Roundtable: Vietnam-Australia Business Champions Initiative - Sharing and Connecting
(MPI) - Deputy Minister Tran Duy Dong said the event will mark first steps of Vietnam’s business champions in order to step up the two countries’ bilateral trade and investment while attending Roundtable: Vietnam-Australia Business Champions Initiative - Sharing and Connecting in Hanoi on August 23.
MPI Deputy Minister Tran Duy Dong at the event. Photo: MPI

Deputy Minister Dong expressed his delight at the establishment of diplomatic relations of Vietnam and Australia in 1973, and then it was elevated to a strategic partnership on 2018. Bilateral links continue to be consolidated and strengthened in both depth and width in all spheres, in which economy and trade cooperation are key sectors.

Vietnam - Australia trade turnover reached 12.4 billion USD in 2021 for the first time, and Vietnam became Australia’s 12th biggest trading partner and Australia’s 10th largest export market; in 2022, Australia became Vietnam’s 10th largest trading partner. The deputy minister affirmed that there are ample room for the countries enhance bilateral trade and investment relations.

The Australia-Vietnam Enhanced Economic Strategy (EEES) was jointly developed and publicly released in 2021 by the Government of Vietnam and Australia to support both countries’ sustainable, inclusive economic development. The Strategy aims for Australia and Vietnam to become top ten trading partners, double two-way investment, and will help leverage the enormous potential that exists between the two sides

The Business Champions initiative is a key outcome of the EEES. Being the leaders in key sectors, Vietnam business champions play a crucial role in connecting Vietnamese businesses with trade and investment opportunities in Australia; as well as promoting the economic cooperation goals set forth by the two governments.

Vietnam business champions will publicly promote Vietnam - Australia bilateral trade and investment to industry; facilitate consultations with industry on opportunities and recommendations through chairing business champions roundtables; report back to both governments ministers on key findings on bilateral trade and investment.

Overview of the event. Photo: MPI

Mark Tattersall, Chargé d'Affaires at the Australian Embassy in Vietnam said the roundtable is an excellent opportunity for both countries’ businesses to gain insights and experiences to speed up the two countries’ trade and investment activities. He hailed the comprehensive partnership between Vietnam and Australia has developed fruitfully and substantively in recent years; hoped that the two sides will further explore potential cooperation to leverage Vietnam - Australia relationship.

The roundtable formally launches the Vietnam-Australia Business Champions Initiative for 2022. Representatives shared their experiences, opportunities and challenges in trade and investment with Australia; updated knowledge and impact of free trade agreements and Vietnam’s overseas investment policies on trade and investment activities with Australia./.

Three inaugural business champions: from Vietnam (i) Hoang Cong Trang, CEO of TH Group; (ii) Nguyen Manh Hung, member of Board of Directors, Vietcombank; (iii) Nguyen Thi Thao Nguyen, Deputy General Director, Hoa Phat Group; from Australia (i) Louise Adams, CEO of Aurecon; (ii) Martin Bean CBE, former Vice President of RMIT University, CEO of The Bean Group; (iii) Rob Gordon, CEO of SunRice.

Bao Linh
Ministry of Planning and Investment

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