Head of the office Nguyen Phu Hoa said that in the first six months of this year, Vietnam exported 2.78 billion USD worth of goods to Australia, 691.35 million USD higher than the same period last year.

Vietnam and Australia enjoyed strong growth in two-way trade in the first half of this year at 38.45% to 8.01 billion USD.

The impressive rise was driven by coffee, seafood, steel and electronic accessories, while fruit and vegetable exports increased in the double digits.

At the same time, imports from Australia in the January-June period exceeded 5.23 billion USD, up 41.5% year on year.

With high potential for trade between the two countries, Hoa held that import-export between Vietnam and Australia will continue to rise and may exceed the forecast figure of 15 billion USD in 2022, marking a new record.

The Vietnam Trade Office in Australia will continue to implement trade promotion programmes, while focusing on strengthening digitalisation, especially in the trade of agricultural products, he said.

Hoa underlined that many new Vietnamese products have shown growth potential in the Oceania market, such as frozen fruits, including jackfruits, passion fruits, durian and some spices. The office is studying the economic development programme of the new government of Australia, thus promptly promoting bilateral cooperation in areas of Vietnam's strengths, he added.

Vietnam, Mexico promote economic, trade, investment cooperation

A delegation of 23 Vietnamese entrepreneurs, led by Deputy Minister of Industry and Trade Do Thang Hai, attended the Vietnam-Mexico Business Forum in Mexico City on July 4, aiming to seek cooperation opportunities with the host country’s partners.

Vietnam-China border trade slumps on Covid restrictions

Vietnam's overland trade with China fell sharply in the first four months of this year as that country tightened Covid-19 safety measures and borders became congested.

Vietnam enjoys trade surplus of 710 million USD in six months

Vietnam enjoyed a trade surplus of 710 million USD in the first six months of 2022, the General Statistics Office (GSO) reported on June 29.

Vietnam, Australia promote trade, investment partnership

The Australia-Vietnam Business Council (AVBC) held a conference in Sydney on June 23 to promote trade and investment partnerships through the strengthening of the Australia-Vietnam Enhanced Economic Engagement Strategy that was reached between the two countries in late 2021.

Conference held next week to unlock Vietnam-UK trade potential

A conference will be co-held on June 23 by the Ministry of Industry and Trade (MoIT), the British Embassy in Vietnam and the British Chamber of Commerce Vietnam (BritCham) to support Vietnamese enterprises to join the supply chain of British enterprises.

Source: NDO/VNA