Australia and Vietnam agree to boost trade to 20 Billion USD
Vietnam and Australia have agreed to significantly deepen their economic cooperation by raising bilateral trade to US$20 billion and doubling mutual investment.
On August 20th, National Assembly Chairman Trần Thanh Mẫn proposed continuing the Enhanced Economic Engagement Strategy, which targets US$20 billion in trade and doubled bilateral investment. This objective underscores a significant escalation in Vietnam–Australia relations, firmly rooted in mutual strategic and economic interests. The partnership promises to open broader opportunities across renewable energy, digital transformation, high-tech agriculture, education, and beyond. It reflects both nations’ commitment to deeper integration and regional growth.
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Top Vietnamese, Australian diplomats agree to raise trade to $20 billion