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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.

Businesses from Vietnam and Australia will have the opportunity to display and sell goods either directly or through the connection of the center.

The latest support is part of Australia’s AUD60 million (US$44 million)-supporting package for Vietnam’s Covid-19 vaccine rollout.

Strengthening ties with Vietnam is considered one of the priorities in Australia’s diplomacy.

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Canberra said the ASEAN-Australia Comprehensive Strategic Partnership is “more than just a label.”

Australia collaborates on many education and training initiatives with Vietnam, facilitating institution-to-institution partnerships and supporting vibrant Australian alumni associations.

Economic ties become key in the strategic partnership that was set up in 2018.

Loving the job is also an important factor to help employees complete their tasks well and actively improve their own qualifications.

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

The vaccination drive has enabled Vietnam's adaptability to the pandemic and soon resuming domestic flights.

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

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