Australia-Vietnam Ministers Discuss Economic Ties

Department of Foreign Affairs and Trade

This week the Australian Government welcomes Deputy Prime Minister and Minister of Foreign Affairs of Vietnam, His Excellency Bui Thanh Son, and Minister of Planning and Investment of Vietnam, His Excellency Dr Nguyen Chi Dung to Adelaide.

On Thursday, Minister Farrell and Minister Dung will hold the fourth Australia-Vietnam Economic Partnership Meeting to advance our shared goal of increasing two-way trade, tourism and investment, and deepening economic cooperation across Southeast Asia.

On Friday, Minister Wong and Deputy Prime Minister Son will hold the sixth annual Australia-Vietnam Foreign Ministers' Meeting to advance cooperation under our Comprehensive Strategic Partnership and address key regional challenges.

Minister Farrell will also give a keynote address at the inaugural Australia Vietnam Policy Institute Conference on trade diversification opportunities in Southeast Asia.

The meetings this week will deepen our partnership as we work together to implement our shared vision for a peaceful, stable, and prosperous region.

Quotes attributable to Minister for Foreign Affairs, Senator the Hon Penny Wong:

"The Australia-Vietnam relationship has never been stronger.

"Our Comprehensive Strategic Partnership reflects the depth of cooperation and the ambition we hold for our future.

"This meeting will build upon my visit to Hanoi last year, where we marked 50 years of diplomatic relations, underscoring the deep friendship and strategic trust between our countries."

Quotes attributable to the Trade & Tourism Minister, Don Farrell:

"Trade between Australia and Vietnam is booming, which means more opportunities for our exporters, businesses, and workers.

"Over the last three years, our two-way trade with Vietnam hit record highs of $79 billion, and Vietnam has become one of the fastest growing sources of international visitors to Australia since the pandemic.

"Our Southeast Asia Economic Strategy is supporting Australian businesses to seize new opportunities in the region, and Vietnam is one of the many places right on our doorstep which holds a wealth of potential for our exporters."

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