Both countries are jointly addressing new opportunities and challenges such as the digital economy, supply chains, energy and climate; shares the commitment to net zero emissions by 2050 and emphasizes the importance of a timely transition to clean energy…
This is one of the contents at a meeting between Vietnam’s Minister of Industry and Trade Nguyen Hong Dien and Australian Minister of Trade and Tourism, Senator Hon Don Farrell, on April 17, on the occasion of the 50th anniversary Year of establishing diplomatic relations between Vietnam and Australia. The working session also aimed to exchange specific contents and measures on bilateral economic and trade cooperation and effectively implement the Strategy to strengthen economic cooperation between Vietnam and Australia.
In recent years, trade between the two countries has grown significantly. Vietnam is currently Australia’s 12th largest trading partner and 9th largest commodity export market. Australia is the 7th largest trading partner of Vietnam. Australian businesses have invested and brought strong contributions to Vietnam and vice versa.
At the meeting, the two sides also discussed the mutual benefits gained from the Strategy to strengthen economic cooperation between Vietnam and Australia, especially in the fields of trade, industry, agriculture, energy, etc. digital economy and education. The two sides reaffirmed that they will continue to effectively implement this Strategy.
Minister Nguyen Hong Dien and Minister Hon Don Farrell jointly recognized the importance of free trade agreements to which the two countries are members and the Indo-Pacific Economic Framework (IPEF) in supporting trade liberalization and economic growth.
Minister Nguyen Hong Dien and Minister Hon Don Farrell emphasized that both countries are jointly addressing new opportunities and challenges such as the digital economy, supply chains, energy and climate. The two Ministers shared their commitment to net zero emissions by 2050 and emphasized the importance of a timely transition to clean energy and the need for cooperation to support climate goals. and energy of each country.
Lam Giang
