Illustrative image (Source: VNA)In his remarks, Vietnamese Consul General to Sydney NguyenDang Thang said Binh Duong is the first province in Vietnam to arrange anofficial visit to Australia after the COVID-19 pandemic outbreak.
Boasting a stable socio-political environment, a favourablelegal framework, continuously improved infrastructure and a population ofnearly 100 million, of whom 70 percent are young and educated, Vietnam ispoised to become a favorite destination for Australian investors, said thediplomat.
In 2021, despite the pandemic, the nations’ two-way tradesoared 49.45 percent year-on-year to exceed 12.4 billion USD. In the first fourmonths of 2022, their trade value hit 4.8 billion USD, up 32.37 percentannually. As of March this year, Vietnam had recorded 545 Australian-fundedprojects worth close to 2 billion USD.
Chairman of the Binh Duong People’s Committee Vo Van MinhTuan pledged to create best conditions possible for foreign investors,particularly those from Australia.
Andrew Parker, Senior Trade & Investment Commissionerfor ASEAN at Investment New South Wales, said alongside ASEAN, Vietnam isalways a favourite destination of Australian investors, keen on food, softwareand service sectors.
He vowed to assist Australian firms in expandingtrade-investment relationships with their ASEAN and Vietnamese peers.
At the seminar, the Investment and Industrial DevelopmentCorporation (Becamex IDC), one of the biggest real estate companies in Vietnam,and the Australia Vietnam Business Council (AVBC) signed a memorandum of understanding(MoU) on business development cooperation.
On May 25 and 26, the Binh Duong People’s Committee,Vietnamese Embassy and Becamex IDC also held an investment promotion event inSouth Australia’s Adelaide city. On the occasion, Becamex IDC signed acooperation MoU with the local Commercial & General Group./.
VNA
