Australia

The grant will support Vietnam in the process of transition to a low carbon economy, social equity and inclusion, and innovation-driven growth.

Australia and Vietnam have a defense relationship that extends back to 1999.

Vietnamese spokesperson Le Thi Thu Hang affirmed that the country always keeps track of current affairs in the region.

Defense and security cooperation is one of three priority areas in the Plan of Action for the Strategic Partnership in 2020-2023.

The projects selected for funding are not only practical regarding the application of advanced technologies in areas of critical need in Vietnam, but they are also very meaningful in today’s context.

The young leaders are hoped to support the bilateral relationship of Australia and Vietnam to achieve SDGs.

Trade, investment, and economy are major pillars in cooperation between Vietnam and its key partners.

The aim is to improve stock market operations to attract investors and diversify funding sources for the growth of domestic enterprises, supporting sustainable economic development.

Low labor costs, adequate infrastructure quality, and simplified administrative procedures are seen as Vietnam’s pull factors for investors like Samsung, Foxconn, Nike, Adidas, Gap, and Levis.

The activity is part of a series of programs to promote rice exports.