Viet Nam, Australia unlock opportunities in trade, education, agriculture

With participation of over 400 Australian and Vietnamese businesses, organizations, associations and institutions, the event aims to celebrate the 50th anniversary of diplomatic relationship between Viet Nam and Australia.

The event was co-hosted by the Australian Trade and Investment Commission (Austrade) and the Ministry of Agriculture and Rural Development.

Speaking at the ceremony, Australia's Ambassador to Viet Nam Andrew Goledzinowski said that this program will deepen engagement and expand opportunities for Australian and Vietnamese partners in agrifood and education sector to meet, share industry and discuss commercial partnerships. 

He expressed his delight to see the participation from all major retail and distribution chains, the food service industry, schools, universities, colleges and education agents. 

The project is expected to have a significant impact on trade between Viet Nam and Australia. By unlocking new opportunities in education and agrifood, the project will create new partnerships and collaborations that will benefit both countries.

Viet Nam-Australia relations flourish across all domains

Viet Nam and Australia enjoy a strong, expansive, and enduring agricultural and educational trade partnership that continues to flourish across all domains. Both nations are forging ever-deeper linkages in agricultural trade and investment, education partnerships, Agri-Tech, Ed-Tech, and research.

Viet Nam has been one of Australia's fastest-growing trading partners in recent years and the bilateral trade value in 2022 grew around 27 per cent on the previous year to around AUD23.5 billion, elevating Australia to be Viet Nam's 7th largest trading partner with Viet Nam now Australia's 10th largest trading partner.

The two-way trade in agriculture, fisheries and forestry products surpass the impressive milestone of AUD6 billion for the first time in 2022, having more than doubled over the past two years. 

While the education cooperation has evolved over recent decades, starting with the bilateral scholarship program, the relationship in education sector has rapidly developed in terms of both depth and breadth. 

Viet Nam is the 5th largest source markets of international students to Australia with 27,000 student enrolments and over 8,000 Vietnamese undertaking an Australian qualification in Viet Nam. 

There are currently 300 collaborative training programs which include articulation and joint training programs between Australian and Vietnamese institutions. 

Over 80,000 Vietnamese alumni graduated from Australian education institutions are currently working in Viet Nam.

Austrade is delivering two roadshows in six different cities of Viet Nam including Ha Noi, Hue (Thua Thien-Hue Province), Da Nang in March 2023 and Ho Chi Minh City, Nha Trang (Khanh Hoa Province) and Can Tho in September.