Dezan Shira & Associates, in a Vietnam Briefing. 24 June, 2015. Vietnam and Western Australia Trade Bolstered by High-Level Bilateral Support.

An edited extract of the original article appears below.

Bilateral trade between Australia and Vietnam has increased by 227 percent in the past two full years, reaching US$921 million in 2014. This productive relationship is the result of deep links which have expanded since establishment of diplomatic relations between the two states in 1973.

These diplomatic relations are of course intertwined with trade. On June 18, 2015 the West Australia–Vietnam Business Council (WAVBC) made its debut in Perth. The WAVBC aim to provide information, support exchanges and promote business and investment between Vietnam and Australia. Its debut event featured Vietnamese Consul General of Vietnam in Perth Le Viet Duyen, who illustrated that such organizations are key the nations’ growing partnership. Mr. Le Viet Duyen also expressed his highest expectation that the council would duly promote effective communication between enterprises and thus help encourage trade activities between the two nations, which would bolster Vietnam’s international relations.

The Consul General illustrated this partnership by introducing Vietnamese lychees to those in attendance. Lychees are a recent addition to Australia’s plethora of Vietnamese imports – the first consignment of them arrived in Melbourne on June 12, 2015. The imports had been held up by Australia’s import risk assessment (IRA) procedures. Australian fruit imports to Vietnam also faced an administrative impediment this year when the Vietnamese government restricted supply in response to alleged fruit fly contamination.

The WAVBC has seen keen interest from local government, – the Western Australian Town of Norrogin recently signed up to it. The CEO of the Town of Norrogin has spoken out in favor of the “strong potential for Vietnamese businesses to invest [in Western Australia], or for local businesses to take an opportunity to create a business to export directly to Vietnam, and set up those chains now”…

 

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