This page is designed to give the visitor a snapshot of the latest figures regarding Australian business in Vietnam. Keeping this information as up to date and as accurate as possible is challenging. Accordingly, the numbers should be treated with caution.
If you are able to identify any errors, please email firstname.lastname@example.org with details of the specific error and correct information (if available) including source of the correct information (and a hyperlink if possible). Additional information also gratefully received. Last update: 8 March, 2017.
Australian Engagement with Vietnam 2014/15 (DFAT. Click here.)
Australian Government-supported volunteers: 127
Vietnamese students in Australia: 21,987
Vietnamese recipients of Australian Government scholarships: 437
Australian participants in New Colombo Plan: 721
Australian visitors to Vietnam: 231, 100
Vietnamese visitors to Australia: 52, 200
Australian NGO Cooperation Program: $5.6million
Resident Australian population born in Vietnam: 207, 620
Migrant remittances from Australia to Vietnam: USD1 billion
From Austrade’s Website
- Vietnam Economic Profile 2015 by DFAT Australia (click on the link to download the pdf file)
- Market Profile, by Austrade. Below are specific industry profiles by Austrade:
Two-way trade between Australia and Vietnam
To view the Australian Government’s bilateral trade relationship figures with Vietnam, at a glance (2014-15), click here.
- 1990 – USD32 million
- 2013 – USD5.1 billion
- 2014 – USD6 billion (USD1.93 billion trade surplus for Vietnam)
- USD3.99 billion exported by VN to Australia (Vietnam’s 8th biggest export market)
- USD 2.06 billion imported by VN from Australia (Vietnam’s 11th biggest market for imports)
- 2015 – USD4.93 (down 19 per cent on 2014) (Vietnam News, 19 Feb 2016)
- USD 2.9 billion exported by VN to Aus. (down by 27 per cent)
- USD2.2 billion exported by Aust. to VN (down 1.6 per cent)
- 2016 -AUD8.2 billion two-way goods trading (by Vietrade, February 2017 newsletter)
- VN exported AUD4.47 billion
- Australia exported 3.74 billion
Major items in 2015: Vietnam’s Exports to Australia
- Crude oil exports, which accounted for half of the Viet Nam’s export value to Australia in recent years, dropped by 69.4 per cent year-on-year to $567 million in 2015.
- Telephones and components for the first time crossed crude oil to become the Viet Nam’s largest export product to Australia with a turnover of $579.8 million, surging 32.5 per cent over same period last year.
- Viet Nam’s other export items to Australia included computers, electronics and component, earning a turnover of $217 million; footwear ($177 million); seafood ($171 million); and wood and wooden goods ($157 million), in addition to textile and garment ($142 million); machine and equipment ($141 million) and cashew nuts ($117 million). (Vietnam News, 19 Feb 2016)
Major items in 2015: Australia’s Exports to Vietnam
- February 2017 – Vietnam imports 1.63 million mt of Australian wheat, up 44.2% year on year (approx 40 per cent market share), according to Vietnam’s custom data released in mid-January 2017. (Hellenic Shipping News, 10 Feb 2017)
- Nov 2016 – Australia was Vietnam’s largest supplier of coal in the Oct 2016 with 498,272 mt, up from none in October last year. Australia was the biggest supplier during January-October with 3.73 million mt, up more than four times from the same period last year.
- Feb 2016 – Australia becomes Vietnam’s largest supplier of coal this month at 563,348 mt, surging 538.8% year on year. For Jan-Feb 2016, Australia supplied 904,211 mt, up 357.9% year on year. (Hellenic Shipping News, 15 March 2016)
- Vietnam imported metal with ($387 million); wheat ($312 million); coal ($127 million); and cotton ($87 million); in addition to iron and steel scrap ($77 million); machinery, equipment ($74 million) and garment and footwear production ($38 million) from Australia (Vietnam News, 19 Feb 2016)
- 2014 – Tasmania & Vietnam trade: 120 million AUD (88.6 million USD) [Vietnam Net Bridge, 7 August 2015]
- 2014 – Western Australia & Vietnam trade: 1.18 billion AUD (918 million USD), up 150 percent from 2014 [Vietnam Net Bridge, 24 February 2015].
- The average growth rate of bilateral trade in the 2010-2014 period was nearly 10 percent, [Saigon GP Daily, 27 August 2015]
Foreign Direct Investment
- 2016 – Australian FDI (as of 20 October 2016): USD1.75 billion of registered capital across 326 projects
- 2016 (as of 20 Oct 2016) – Australia’s average rate of investment per project was USD4.57 million which is one third (34.7 per cent) of the national average of USD13.14 million. (Vietnam Investment Review 14 Nov 2016)
- 2014 – Australian FDI in Vietnam totals USD1.65 billion of registered capital for 320 projects (ranking Australia 19 out of 101 countries) (To see the latest info on total No. of projects and combined value, visit the Vietnamese Government’s website by clicking here.)
Largest project is the Ban Phuc Nickel Mine in Son La province (owned by Asian Mineral Resources (AusCham Member)) with registered capital of US$136million
- 2014 – Australia invests in 24 new projects with USD30.73million of newly reg. capital (ranking Australia in 16th place out of 60 countries and territories). USD112.11million of reg. capital was added to six existing projects
- 2014 size of average Australian investment at US$5.2 million (USD4.8 according to above figures) per project – far below the national average foreign investment amount per project of US$14.3 million (approx 36 per cent). [Vietnam Briefing, 25 March 2015]
- Processing and manufacturing industry for Australia – 119 projects with reg. capital of US$1.03 (63 per cent of Australian registered capital)
- Agro-forestry-fisheries – 15 projects with reg. capital of US$115.42 million (7 per cent of Australian registered capital)
- Vietnam is Australia’s fastest growing trade partner among all ASEAN countries.
- Australian Government estimates the level of Australian Investment in Vietnam at approx USD3 billion [Saigon GP Daily, 27 August 2015]
Australian Beef and Live Cattle
According to the Vietnam National Animal Husbandry Association’s data:
- Australian beef (grass fed) made up 80 per cent of the market for imported beef to Vietnam which was valued at USD250 million in 2014
- Live cattle exports from Australia to Vietnam for 2014/15 financial year: 309,505 head of cattle representing a rise of 136 per cent over the previous year according to Meat& Livestock Australia (The Australian, 14 August 2015].
- Live cattle exports from Australia to Vietnam have grown “from around 2,000 head a few years ago to over 180,000 animals in 2014” [Radio Australia, 17 April 2015] and this “is worth AUD186 million to Australia”. [Channel 9 News, 21 May 2015.]
- Australian cows now supply 70 percent of beef on local market. [Thanh Nien News, 21 May 2015.]
- In the first nine months of 2014, Vietnam imported 129,273 live cattle from Australia, 31,000 more than the whole year figure for 2013. [Vietnam Investment Review, 6-12 April 2015]
- Vietnam imports over 30,000 live cattle from Australia for slaughter each month this year, making it the world’s biggest importer of Australian cows [Vietnam Bridge Net, 8 May 2015].
- Sales of Australian live cattle to Vietnam jumped more than 700 percent between 2008 and 2014, industry body Meat and Livestock Australia [Reuters, 20 May 2015]
- Live cattle exports to Vietnam are expected to be worth A$117 million in the coming season from 31 July 2015 (second only to sales to Indonesia, which will be worth a forecast A$549 million). Australian government forecasts. [Reuters, 20 May 2015]
- Live cattle exports from Western Australia to Vietnam were valued at AUD6.9 million in 2013-14 (and AUD82.5 million to Indonesia). [Beef Central, 13 April 2015]
- Australia exports 274,000 cattle to Vietnam in 11 months to May 2015 [Business News, Western Australia, 27 July 2015]
- Vinamilk (The Vietnam Dairy Products Joint Stock Co.) has received 400 out of a total of 1,000 dairy cows it plans to import from Australia in April 2015. It will import a further 2,000 cows — 400 from Australia and 1,600 from the US. [Vietnam Plus, 24 April 2015]
- 2015 – Northern Territory exports record of 4,468 head of buffalo to Vietnam and this number is expected to grow. [ABC Rural, 12 January 2016]
- 2014 – Vietnam exports USD239 million of seafood (increase of 16 per cent)
- 59 per cent of Vietnam’s seafood exports to Australia is shrimp which equals 25 per cent of the Australian market for shrimp [Ministry of Industry and Trade, 5 April 2015]
- 2015, Jan-Aug – Vietnam exports USD115 million in the first eight months this year. Shrimp accounted for 63 percent total export volume, (Vietnam Seafood Producers and Processors Association, 8 October 2015).
- Australia is in Vietnam’s Top 9 export markets for bivalve mollusks [Vietnam News, 27 August 2015]
Fresh fruit and vegetables
- The value of Australian imports (mainly table grapes, citrus and apples) in the South East Asian nation over the first half of 2016 rose to almost US$20m, four times the value of the trade over the corresponding period of 2015. [Asia Fruit, 4 August 2016]
Vietnam’s rice exports to Australia (from Oryza, 10 September 2015):
- 2,472 tons in July 2015 (0.4 per cent of total exports)- up 20 per cent compared with July 2014 (2,062 tons)
- But, compared with the previous month, June 2015, it was down 17 per cent (from 2,969 tons)
- August 2015: Vietnam imported 108,779 mt of Australian coal, up 0.43% year on year
- January – August 2015: Vietnam imported 695,539 mt of Australian coal, up 59.6%. Platts Hill McGraw, 17 September 2015.
Australia and Vietnam will work together to implement the:
- ASEAN-Australia-New Zealand Free Trade Agreement
- Trans-Pacific Partnership Agreement; and
- Regional Comprehensive Economic Partnership
Both Australia and Vietnam share a convergence on interests in promoting more open global trade and investment through the
- World Trade Organisation
- Asia-Europe Meeting
- Cairns Group of agricultural traders.
The agreements are expected to open up great opportunities for Vietnamese exports, particularly farm products, textile, garment and footwear, to penetrate Australia and New Zealand markets. They will also facilitate investment flow from the two oceanic countries to pour into Vietnam, writes VietnamNet.
[VietnamNet, 13 March 2015]
Education and Vietnamese living in Australia
Australia is home to 300,000 Vietnamese.
- 2015 – an estimated 30,000 students from Vietnam were enrolled in Australian training institutes, schools, colleges and universities, [VietnamNet, 13 March 2015]
- 50,000 Alumni, [VietnamNet, 13 March 2015]
- 2014 – Vietnam was South Australia’s fifth largest source of international students, with more than 1300 students enrolled to study in SA, a 6 per cent increase compared to 2013. In total, Overseas students spend almost $1 billion (in tuition fees and living expenses) in South Australia each year. [Dept of State Development, Government of South Australia, 24 April 2015]
- 2013 – Vietnam spent, in total, USD1.8 billion on education abroad (approx 1.8 per cent of GDP). There is no break up figure of how much is spent in Australia. [Vietnam Net Bridge, 22 July 2015]
- 248,000 Australian tourist visit Vietnam according to Australian Bureau of statistics in 12 months to Nov 2016, up from 243,000 the previous year. 70,000 visitors from Vietnam to Australia for same period (click here).
- According to Vietnam’s General Statistics Office, more than 44,140 Australians visited Vietnam in January 2017, up 64.4% month-on-month and 4% year-on-year. In 2016, Vietnam welcomed over 320,670 travelers from Australia, increasing 5.6% over 2015. Vietnam Net Bridge, 6 Feb 2017.
- 321,000 Australian tourists visited Vietnam in 2014 (9th highest number). In the preceding years it was 320,000 (2013), 290,000 (2012) and 290,000 (2011). Wikipedia. and Vietnam National Administration of Tourism.
- In 2014, Australian tourists in Vietnam spent more money than any other country: USD1,677 per journey and the average journey was 15.5 days. Figures by VNAT cited in Saigoneer, 23 November 2015.
- Cambodia has recently surpassed Taiwan and Australia to become the fifth largest visitor-generating market for Vietnam’s tourism [Vietnam Bridge Net, 8 May 2015].
- By 2030, half of Southeast Asia’s 650 million people will be under the age of 30, forming a powerful emerging middle class forecasts ANZ’s report, ASEAN: The Next Horizon. [Australian Dairy Farmer, 6 May 2015]
- The creation of the ASEAN Economic Community in 2015 could double the value of Australian agricultural exports to the region to US$15.5 billion by 2025, says ANZ Agribusiness Australia boss Mark Bennett. [Australian Dairy Farmer, 6 May 2015]
Other news on the AusCham website
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