Western Australia (WA)’s Asian Engagement Minister Peter Tinley has made a visit to Vietnam from 22-26 April to explore how to strengthen and grow economic ties with the Southeast Asian country.
WA’s Asian Engagement Minister Peter Tinley visits Interflour in Cai Mep port, Ba Ria-Vung Tau province. Photo: Australian embassy
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Vietnam, which has enjoyed economic growth of over 6.5% in recent year, is WA’s 16th biggest trading partner, with total trade valued close to US$1.2 billion in fiscal year 2017-18.
Western Australia has strong trade and investment ties with Vietnam as well as historically significant cultural ties with the Vietnamese people.
“WA has a vibrant community of Vietnamese-Australians, with the most recent Census data showing 15,845 Vietnam-born people living in WA, an increase of 24.6% since 2011. Vietnamese people make a significant contribution to WA’s economy and community,” said Minister Tinley.
“Since 1990 Vietnam’s GDP per capita growth has been among the fastest in the world, averaging 6.4% a year in the 2000s. There is an obvious ‘fit’ between our two cultures and economies,” he noted, adding education, trade and investment, and tourism offer mutually beneficial opportunities.
