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Vietnam-Australia trade ties thriving

Vietnam and Australia have opportunities to advance their economic and trade ties, said Secretary of the Ho Chi Minh City Party Committee Nguyen Thien Nhan.
Vietnam-Australia trade ties thriving ảnh 1Secretary of the Ho Chi Minh City Party Committee Nguyen Thien Nhan (R) and Australian Ambassador to Vietnam Craig Chittick (Source: thanhuytphcm.vn)
Hanoi (VNA) – Vietnam and Australia have opportunities toadvance their economic and trade ties, said Secretary of the Ho Chi Minh CityParty Committee Nguyen Thien Nhan.

At a reception for Australian Ambassador to Vietnam Craig Chittick in HCM Cityon September 26, Nhan said the Vietnamese metropolis has good ties with manyAustralian localities, voicing his hope that relations will continue to thrive.

For his part, the ambassador highlighted the rapid development of economic relationsbetween Vietnam and Australia, with two-way trade increasing sharply annuallyand more flights launched to connect the two countries.

Also, bilateral education collaboration is also thriving, he said, noting thattens of thousands of Vietnamese are studying in Australia.

Australia is the 19th largest investor inVietnam with 407 projects worth 1.85 billion USD and is also an importantmarket of Vietnamese investors who are running 36 projects with total capitalof nearly 200 million USD in the country.

Australia is the seventh largest trade partnerof Vietnam. Two-way trade reached about 5.3 billion USD in 2016, with Vietnam’sexports valued at 2.86 billion USD.-VNA
VNA
#Vietnam#Australia#Ho Chi Minh City Party Committee Nguyen Thien Nhan#Australian Ambassador to Vietnam Craig Chittick#Ho Chi Minh City#two-way trade#trade partner#Vietnam#VietnamPlus#Vietnam News
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