Australian Prime Minister pledges US$105 million to help Viet Nam's energy transition

Prime Minister Albanese made the above announcement in Ha Noi on Sunday at a joint press briefing with Prime Minister Pham Minh Chinh right after their summit meeting.

Mr. Albanese, who is on a two-day official visit to Viet Nam, expressed his pleasure to visit the Southeast Asian nation on the occasion of the 50^th founding anniversary of diplomatic ties between Viet Nam and Australia.

Prime Minister Pham said he had a successful meeting with his Australian counterpart, during which both sides comprehensively reviewed all areas of cooperation between the two countries and noted with pleasure at the fine and effective development of the bilateral ties.

Political trust, mutual understanding and respect have been increasingly consolidated through the regular exchange of high-level delegations and contacts, said Pham.

Economic and trade cooperation has become a bright spot, with the two-way trade rising 30 percent on year to nearly US$16 billion in 2022.

Defense and security cooperation has become increasingly effective and substantive, particularly in peacekeeping operations and combat of transnational and cyber crime.

Meanwhile, cooperation in education-training, agriculture, tourism, culture, labor, science and technology, innovation has greatly progressed.

The two countries share common vision on a peaceful, stable, open and inclusive India-Pacific region and attach importance to the central role of ASEAN.

The two leaders agreed on major orientations to further strengthen political trust to contribute to socio-economic recovery process in each country and effectively deal with global challenges.

Both sides emphasized the importance of ensuring peace, stability, security, safety and freedom of navigation and aviation in the East Sea, settling disputes through peaceful measures on the basis of respect for international law, particularly the 1982 UN Convention on the Law of the Sea. The two sides agreed to continue sustaining information exchanges and maritime cooperation./.