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: 10 March, 2018.
Two-way trade between Australia and Vietnam
The following diagram / information sheet has been taken from the Australian Embassy’s Agricultural Strategy 2017 Document.
To view the Australian Government’s bilateral trade relationship figures with Vietnam, at a glance (2014-15), click here.
- 2017 – USD6.45 billion (Vietnam exporting 3.28 billion USD worth of goods to Australia and importing 3.17 billion USD (click here).
- 2016 -AUD8.2 billion two-way goods trading (by Vietrade, February 2017 newsletter)
- VN exported AUD4.47 billion
- Australia exported 3.74 billion
- 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)
- 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)
- 2013 – USD5.1 billion
- 1990 – USD32 million
Vietnam’s Exports to Australia 2017 (VN is the 14th largest exporter to Australia (click here, 9 March 2018)
- Mostly machinery parts, electronic equipment, footwear, textile-garment and seafood.
- 31 per cent of Vietnam’s export value to Australia in 2017 (1.02 billion USD) came from mobile phones and parts, computers, and electronic goods and parts.
- Other major exports to Australia in 2017 included crude oil (US$262 million, up 105 per cent), footwear (US$225 million), seafood (US$185 million), machines, equipment and tools (US$175 million), and garments (US$173 million). Click here.
- Australia imported AUD843 million worth of services from Vietnam with tourism services constituting 68% in 2017. [Australian Bureau of Statistics (ABS) and the Department of Foreign Affairs and Trade (DFAT)]. Click here.
Australia’s Exports to Vietnam (Australia is the 8th largest exporter to Vietnam in 2017, MOIT)
- (9 March 2018) In 2017, Vietnam bought from Australia metals (628 million USD), coal (470 million USD), wheat (424 million USD) and cotton (296 million USD).
- Australia’s service exports to Vietnam hit AUD1.1167 billion in 2014 (or 2017??), with education service exports accounting for 87% [Australian Bureau of Statistics (ABS) and the Department of Foreign Affairs and Trade (DFAT)]. Click here.
- 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.
Foreign Direct Investment
- 2017 – Australian FDI (as of 20 Aug 2017): USD1.842 billion of registered capital across 411 projects at an average of USD4.48 million compared with the national average of USD12.87 million (Vietnam Investment Review 4 Sept 2017).
- 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
Australian Beef and Live Cattle
Meat & Livestock Australia update 17 November 2017
- Forecast 170,000 head for 2017 (140,000 from Jan-Oct 2017)
- Fall of 15-20 per cent on 2016
- 2015 – 360,000 was abnormal year
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 277,000 Vietnamese (2016 Australian Bureau of Statistics population reprot. Vietnamese is the 4th most common language spoken in Australia. Click here.)
- 2017 – 31,000 Vietnamese students are studying in Australia (23.8 per cent of all Vietnamese students overseas). This ranks Australia in 2nd place behind Japan (38,000) and in front of USA (28,000). (Vietnam Net Bridge 17 Sept 2017)
- 2016 – 22,487 Vietnamese students studied in Australia over the entire year and Vietnam was the 4th largest source country for onshore international students in 2016. [Australian Embassy, 14 June 2017]
- 2015 – 7,395 students studied Australian higher education qualifications in Vietnam. Of these, 233 studyied Australian VET qualifications. [Australian Embassy, 14 June 2017]
- 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]
- 370,000 Australian tourist visit Vietnam in 2017 (click here), up from 243,000 in 2016. 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.
- 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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