Australia and Vietnam Are Fostering Bilateral Commerce and Investment
Business Champions Vietnam-Australia 2022 is celebrating its first anniversary and pledges to keep promoting investment and trade.
- The Vietnam-Australia Business Champions Initiative ceremony was held in Hanoi on the morning of October 18 in the presence of specific Australian and Vietnamese industries and the Deputy Minister of Planning and Investment, Tran Duy Dong, and the Australian Assistant Minister for Trade and Manufacturing, Tim Ayres.
- The governments of the two nations have selected six trailblazing businesspeople from Australia and Vietnam to work as senior, seasoned executives in renowned businesses and corporations in crucial sectors like mining, steel production, banking, technology, and education, as well as an agricultural economy, industrial production, and steel manufacturing.
Hanoi on the morning of October 18th, The Vietnam-Australia Business Champions Initiative ceremony was held in the presence of some Australian and Vietnamese businesses as well as the Deputy Minister of Planning and Investment Tran Duy Dong and the Australian Assistant Minister for Trade and Manufacturing Tim Ayres.
After a year of working on the project, Tran Duy Dong emphasized that trailblazing businesspeople in Vietnam and Australia had carried out several critical tasks, adding considerable value to the two countries economies.
Tim Ayres, assistant minister for trade and manufacturing in Australia, also praised the brief but informative conversation with six eminent businesspeople.
Both countries underlined their commitment to keeping their trade and investment relations favorable. While the Australian side voiced support for the investment ambitions of pioneering enterprises, the Vietnamese side emphasized that it would reduce impediments to the market entrance, import-export procedures, and land.
Tran Duy Dong claims that this is a significant momentous occasion that honors the initiatives and successful outcomes of pioneering Vietnamese-Australian companies during the previous year to advance productive trade and investment relations between the two countries.
Both parties are confident that the two countries will succeed in becoming one of each other's top 10 trading partners and tripling bilateral investment.
The two countries governments have chosen six trailblazing businesspeople from Australia and Vietnam to serve as a senior, seasoned executives in well-known enterprises and corporations in vital industries like mining, steel production, banking, technology, and education, as well as an agricultural economy, industrial production, and steel manufacturing.
These entrepreneurs are from the TH Group, the Hoa Phat Group, the Vietcombank, the Aurecon Group, the Sunrice Group, the RMIT University, and the Bean Centre.
The Business Champions are already operating in both nations. The Australian Corporate Champions hosted roundtable discussions in five states and one territory with more than 100 business and political leaders. Over a hundred businesses attended a roundtable that the Vietnamese Business Champions co-chaired and took part in high-level government meetings.
Australia and Vietnam's prime ministers decided to create an Enhanced Economic Engagement Strategy in August 2019 to achieve top-10 trading status and double bilateral investment. The Business Champions were chosen because of their outstanding reputations and ability to represent crucial industries for Australia and Vietnam's economic cooperation.
Adapted from Vietnam Investment Review