Australia

The demand for returning home among overseas Vietnamese in those countries is huge.

The impacts from free trade agreements that both Vietnam and Australia are members would open up new opportunities to attract Australian enterprises to do business in the country.

For the past 20 years, bilateral trade turnover expanded by an average of 8.6% per year, significantly higher than the similar rate of around 5.8% between Australia and ASEAN country members.

The event aims to seek opportunities to advance the Industry 4.0 transformation agenda in Vietnam and the Asia-Pacific region.

Australian businesses consider Vietnam one of the most potential markets for investment and trade.

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.