Happy 25th Anniversary AusCham

19 September 2023 - 25 years ago the Australian Chamber of Commerce (AusCham) commenced operations in Ha Noi and HCMC, Vietnam. During those 25 years, AusCham Members have added to the economic growth of the country and assisted with the strengthening of the strategic alliance through trade and investment between Australia and Vietnam.

In 2022, Vietnam and Australia became top 10 trading partners with Vietnam slotting in at 8th position in 2023, becoming the 'Leaping Tiger of Asia' filling the gap China left when trade relations stagnated. Australian and Vietnamese relations are committed to becoming high quality partners with opportunities going beyond exports of non-valued added commodities.

AusCham in Vietnam plays a valuable role fostering diplomatic and economic relations which allows for Australian companies to have an in-market presence, to understand local markets and to aid in hiring Asia Capable staff. These capabilities can drive material financial outcomes. A better understanding of local consumer preferences has been shown to improve revenue outcomes almost eight-fold.

AusCham currently is supported by a National Board of Twelve Directors, a Ha Noi Office of 2 staff and HCMC office of 6 AusCham and 5 AusHub staff; the chamber currently has over 600 members as NGO’s, Individuals, SME's and Large Corporate Enterprises. Australia is well positioned to invest in Agri-tech, food processing, garment manufacturing, food export, services, heavy industry and university & vocational education. Vietnam had a 8.02% growth in 2022 which has been the fastest expansion in 25 years and also last year Australia became Vietnam’s 10th largest good trading partner which is a remarkable achievement towards realizing our shared vision to evaluate the relationship between the two countries.

If you are a business or individual; Australian or Vietnamese, and interested in expanding your business to take advantage of the positive and ever strengthening relations between Australia and Vietnam reach out to us at https://auschamvn.org/ and join our valuable network.

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