The visitwill be made at the invitation of Chairwoman of the Vietnamese NationalAssembly Nguyen Thi Kim Ngan.
Vietnam andAustralia officially established diplomatic relations on February 26, 1973. Throughthe decades, Vietnam and Australia have built a strong partnership with theestablishment of comprehensive partnership in 2009. They signed a declarationon enhancing the bilateral comprehensive partnership in 2015.
Vietnamese PrimeMinister Nguyen Xuan Phuc and his Australian counterpart Malcolm Turnbullsigned a joint statement on the establishment of the Vietnam-AustraliaStrategic Partnership following their talks in Canberra, Australia, on March 15,2018, as part of the former’s official visit.
Trade and economic partnership is an outstanding example inbilateral ties, with trade revenue increasing 200 times since 1990 to reach6.46 billion USD in 2017 and expected to hit 10 billion USD in 2020.
Australia currently ranks 19th out of 116 foreign investorsin Vietnam with total investment of 1.82 billion USD in 396 projects. The two nationsalready signed the Comprehensive and Progressive Agreement for Trans-PacificPartnership (CPTPP) and actively engage in negotiations on the RegionalComprehensive Economic Partnership (RCEP).
Australia has been a regular ODA provider of Vietnam invarious fields, including infrastructure, poverty reduction, innovation,climate change response, gender equality and startup support.
In tourism, Australian tourists to Vietnam have increasedthrough years, reaching over 370,400 in 2017, making it one of the 10 leadingsource markets of Vietnam’s tourism.
Australia is the fourth most favourite destination ofVietnamese students with about 30,000 Vietnamese students. Meanwhile, Vietnamis also one of the five popular options for study of Australian students.
Along with economic cooperation, Vietnam and Australia haveenjoyed effective affiliation in all fields of politics-diplomacy,security-defence, science-technology and culture-education.-VNA