[18 March 2015.] Business Spectator has published an article dated 18 March 2015 titled, Australia Vietnam trade rising rapidly.
Australia’s bilateral relationship with Vietnam is fast eclipsing that of its traditional Southeast Asian partner, Thailand, according to a leading Asia Pacific analyst.
The comments from the University of New South Wales’ Carl Thayer came as Vietnam’s Prime Minister Nguyen Tan Dung made a two-day official visit to Australia.
“In the past, Thailand has been one of the building blocks that Australia could turn to.
“Increasingly, Vietnam has eclipsed Thailand… ” Professor Thayer told AAP…
Bilateral trade has grown from $US32 million ($42.02m) in 1990 to $US6.0 billion ($4.57bn) in 2014.
Australian direct investment in Vietnam has risen to $US1.65bn in 2014, with Vietnam now Australia’s fastest growing trade partner among all 10 countries of the Association of South East Asian Nations.
*** To read the full and complete article at Business Spectator, click onto Australia Vietnam trade rising rapidly.