JavaScript is off. Please enable to view full site.

Australian Industry Hub launched in Ho Chi Minh City

Australian Industry Hub launched in Ho Chi Minh City

Wednesday, July 06, 2022, 13:56 GMT+7
Australian Industry Hub launched in Ho Chi Minh City
Sarah Hooper (R), Australian Consul General in Ho Chi Minh City, and AusCham President Simon Pugh shake hands after signing an agreement to launch the Australian Industry Hub on July 4, 2022. Photo: AusCham Vietnam

The Australian Chamber of Commerce in Vietnam (AusCham) and the Australian Federal Government, represented by the Department of Foreign Affairs & Trade (DFAT), signed an agreement on Monday to launch the Australian Industry Hub in Vietnam.

The three-year agreement between AusCham and DFAT provides AusCham with A$1 million (US$681,000) to set up, run, and manage the industry hub, which is designed to assist in delivering market access across Vietnam to Australian industry groups in food, fiber, and forestry. 

The hub will assist Australian industry bodies to access Vietnamese industry groups for increasing bilateral trade and investment between Australia and Vietnam to help them become top ten trade partners and double two-way investment, in line with the Australia-Vietnam Enhanced Economic Engagement Strategy (EEES) agreed upon by the two countries in 2019 and in action since early 2022.

In particular, it will enable selected agricultural industries to establish a physical presence in Vietnam, helping to further boost in-market engagement activities.

The center will also partner with industry associations and peak bodies in Australia with a demonstrated interest in Vietnam as a new or expanding market for their sectors.

The hub is expected to drive further commodity exports from Australia to Vietnam and increase trade and investment. 

For the Vietnam Chamber of Commerce and Industry (VCCI), there will be opportunities to introduce Vietnamese companies to the Australian supply chain and chances to introduce business enquiries to Vietnamese companies.

The establishment of the hub also means more opportunities for existing AusCham members in many sectors.

Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!

Hong Van / Tuoi Tre News

More

Read more

;

Photos

VIDEOS

‘Taste of Australia’ gala dinner held in Ho Chi Minh City after 2-year hiatus

Taste of Australia Gala Reception has returned to the Park Hyatt Hotel in Ho Chi Minh City's District 1 after a two-year hiatus due to the COVID-19 pandemic

Vietnamese woman gives unconditional love to hundreds of adopted children

Despite her own immense hardship, she has taken in and cared for hundreds of orphans over the past three decades.

Vietnam’s Mekong Delta celebrates spring with ‘hat boi’ performances

The art form is so popular that it attracts people from all ages in the Mekong Delta

Vietnamese youngster travels back in time with clay miniatures

Each work is a scene caught by Dung and kept in his memories through his journeys across Vietnam

Latest news

Greenland treads softly on tourism as icebergs melt

As tourists flock to Greenland to take in its breathtaking icebergs and natural beauty, authorities are mulling ways to control crowds to protect the fragile environment, already threatened by global warming