Friday, August 18, 2017

Vietnam Australia Relations

Trade and Economic Relations

Trade and Economic Relations

 The Australian Minister for Trade, Warren Truss and the Vietnamese Minister of Planning and Investment, HE Vo Hong Phuc, co-chaired the 7th Australia-Vietnam Joint Trade and Economic Cooperation Committee on 16-17 July in Canberra.  The Ministers issued a Joint Communiqué.

Merchandise trade

Merchandise trade

In 2005-2006, two-way goods trade between Australia and Vietnam totaled $5.08 billion. Two-way services trade added an additional $669 million
Services trade

Services trade

Services exports to Vietnam in 2005 were worth A$225 million. Education and training remains Australia's single largest services export, worth A$137 million per annum. Services imports from Vietnam in 2005 were valued at A$390 million, dominated by tourism-related spending (A$276m).
Co-operations in Education and Training

Co-operations in Education and Training

Of all the English-speaking countries in the world, Australia welcomes the largest number of students from Vietnam. There are currently some 7,200 students from Vietnam studying in Australia, and an estimated of 8000 more studying Australian education and training courses in Vietnam.
Export and Investment Opportunities for Australia in Vietnam

Export and Investment Opportunities for Australia in Vietnam

Vietnam's rapid economic growth over recent years has led to large demand for imported goods, creating significant opportunities for Australian exporters of metals, wheat, dairy produce, machinery, petroleum-based products and live animals
Development Cooperation Programs

Development Cooperation Programs

Australia's total overseas development assistance to Vietnam in 2006-07 is estimated at $81.5 million. Amongst 40 donor countries and agencies in Vietnam, Australia consistently ranked among the top ten bilateral donors in 2006-07. Vietnam is Australia's fourth largest development partner after Papua New Guinea, the Solomon Islands and Indonesia.
JetStar flies into Vietnam

JetStar flies into Vietnam

In late November 2006, Australian budget carrier JetStar undertook its first direct Sydney-HCMC flight. JetStar now flies this route three times a week.
Examples of Recent Successes QANTAS invests in Pacific Airlines

Examples of Recent Successes QANTAS invests in Pacific Airlines

In April 2007 QANTAS signed an investment agreement with the State Capital Investment Corporation (SCIC), the investment holding arm of the Vietnamese Government, to purchase a 30 per cent share in Vietnam’s second largest airline, Pacific Airlines.
English language joint venture in Danang

English language joint venture in Danang

June 2007: The English Language Institute, a joint initiative of the University of Danang, Vietnam, and the University of Queensland opened in Danang. The Institute is located on the main campus of the University of Danang in custom-built premises and provides high quality English language and corporate training
Santos Signs Exploration deal with Petrovietnam

Santos Signs Exploration deal with Petrovietnam

October 2006: Santos signed a Production Sharing Contract (PSC) with the Vietnam Oil and Gas Corporation (Petrovietnam) and the Singapore Petroleum Corporation (SPC) for a venture in the Song Hong Basin, continuing its plans to expand its operations in Vietnam. Santos announced its first entry into Vietnam in April 2006 with commencement of drilling at Dua in the Nam Con Son Basin.
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