[To watch video, click here.]

Following the visit to Australia on 17-18 March 2015 by Vietnamese Prime Minister, Nguyen Tan Dung, VTV4’s BizLine program interviewed AusCham’s Vice President, Giles Cooper on the Prospects for Vietnam-Australian economic ties (Click to play. Starts at 6.29mins).

The interview was conducted by Ms Linh Huong and was aired on 21 March 2015.

Below is a summary of the program. (Click to play. Starts at 6.29mins)

Quick Facts for 2014:

  • Vietnam’s exports to Australia: USD3.99 billion (Australia is Vietnam’s 8th biggest export market)
  • Vietnam’s imports from Australia: USD2.06 billion (Australia is Vietnam’s 11th biggest source of imports)
  • Vietnam’s trade surplus with Australia: USD1.93 billion
  • Australia has USD1.65 billion invested in Vietnam
  • Of 101 countries and territories that have invested in Vietnam, Australia is ranked 19th in terms of USD amount

Giles is asked a number of questions including:

  • The strengths and weaknesses of Vietnam as a business environment
  • The sectors invested in by Australia
  • Public and Private Partnerships
  • The education and training sector

Additionally, there are two segments about AusCham Members:

  • Austfeed is an Australian-Vietnamese joint venture which is one of the top 20 animal feed producers in Vietnam. It manufactures animal feed products and a veterinary pharmacy operation to service farms. It has factories to manufacture sausages, ham, bacon, and cold cut meats.
  • Austnam (and SSE Steel are part of the Vietnam Industrial Investments Group) manufactures metal roofing and cladding for individual customers as well as industrial and supplies urban construction projects in northern Vietnam.

The TV program noted that the Foreign Investment Agency, which sits under the Ministry of Planning and Investment, had identified 42 Vietnam businesses interested in investing in Australia. They were from the mining, energy, food, agriculture, telecommunications, education and training and tourism sectors.

The program also stated that during Prime Minister Dung’s visit to Australia last week, he had reaffirmed Vietnam’s commitment to improving the general business environment in the areas of institutions, human resources, infrastructure and administrative procedures.

Vietnam was interested in support from Australia in the fields of energy, telecommunications infrastructure, agriculture and finance.

Vietnam was keen to work with Australia on the ASEAN Australia New Zealand Free Trade Agreement (ASEAN NZFTA) and TPP.

To watch the full segment, please click here (starts at 6.29mins).