Vietnam – Australia Ties See Considerable Strides

Australia is the seventh biggest trade partner of Vietnam, and Vietnam is the 10th largest trade partner of Australia for the first time.

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President Vo Van Thuong (R) and Australian Ambassador to Vietnam Andrew Goledzinowski. Photo: VNA
President Vo Van Thuong (R) and Australian Ambassador to Vietnam Andrew Goledzinowski. Photo: VNA

Vietnam always values the promotion of friendly relations and strategic partnership with Australia, a long-standing traditional partner and one of the countries forming comprehensive strategic partnership with ASEAN, President Vo Van Thuong told Australian Ambassador to Vietnam Andrew Goledzinowski during a reception in Hanoi on March 17, VNA reported.

President Thuong thanked Australia for being the second largest donor of Covid-19 vaccines to Vietnam with 26.4 million doses, thus helping the country drive back the pandemic and recover socio-economic development.

He said two-way trade between the two countries hit USD 16.1 billion last year. With 579 projects worth nearly USD 1.98 billion, Australia ranked 20th out of 139 countries and territories investing in Vietnam.

During the 2022-2023 fiscal year, Australia increased the supply of official development assistance to Vietnam by 18% and assisted the country in development cooperation projects, especially in improving livelihoods and clean water supply. In particular, Australia assisted Vietnam in United Nations peacekeeping missions.

Speaking highly of the Australian Government’s scholarship programmes, Thuong said a number of Australian educational establishments have contributed to the training of Vietnamese management officials.

The host suggested enhancing collaboration in fields of each country’s strength such as climate change, environment, agriculture and tourism to match bilateral strategic partnership.

Vietnam will actively fight corruption, fine-tune laws, create the best business environment to attract more foreign investors, including those from Australia, he said.

Goledzinowski, for his part, said 2023 marks the 50th anniversary of bilateral diplomatic ties and he will actively contribute to bilateral relationship.

He proposed further coordination in UN peacekeeping missions, national defence-security, personnel training, climate change and use of renewable energy.

The guest wished to receive support from the Vietnamese ministries and agencies in Australia’s investment projects in the country.

As mining is Vietnam’s strength while Australia has modern technology, he wished to reinforce bilateral cooperation in this field to raise two-way trade.

Vietnam - Australia Ties See Considerable Strides
Deputy Prime Minister Tran Luu Quang (R) and Australian Ambassador to Vietnam Andrew Goledzinowski. Photo: VNA

Previous, on March 14, Deputy Prime Minister Tran Luu Quang hosted a reception in Hanoi for the Australian Ambassador, during which he suggested the two sides coordinate together closely to well organise celebrations for the 50th anniversary of Vietnam-Australia diplomatic ties this year, including thorough preparations for the exchange of delegations in the coming time.

According to the Deputy PM, Australia have invested in 579 projects worth nearly USD 2 billion in Vietnam, ranking 20th out of 141 countries and territories investing in Vietnam. Meanwhile, Vietnam has poured investment in 87 projects valued at USD 540 million in Australia.

In UN peacekeeping operations, Australia helped Vietnam four times to transport Level 2 field hospitals to South Sudan, offered English language training and equipment to the field hospitals.

Goledzinowski affirmed that Australia considers Vietnam a close and strategic partner and a good friend. He added that Australia has decided to increase its official development assistance (ODA) funding for Vietnam by 18% during the fiscal year 2022-2023 to AUD 92.8 million (USD 61.9 million), with the expectation to build more works in Vietnam.

The host and guest expressed their belief that the friendship and cooperation between Vietnam and Australia will keep thriving in various areas in the coming time.

Hannah Nguyen