Vietnam Australia Relations

RMIT International University Vietnam opens new campus in Ho Chi Minh City

2005: The Royal Melbourne Institute of Technology International University Vietnam opened a new campus south of Ho Chi Minh City, with over 500 students. RMIT’s Hanoi campus offers a Bachelor of Commerce degree, an MBA for part-time students, and a Masters of Education as well as preparatory courses in English. RMIT was granted a licence to operate its first campus in 2000 and remains the only fully foreign-owned university in Vietnam.

BlueScope Steel begins production at new steel mill

Late 2005: BlueScope Steel completed its US$105 million flat steel metallic coating and painting facility in the southern province of Ba Ria-Vung Tau. The mill has an annual production capacity of approximately 125,000 tonnes of metallic coated steel and 50,000 tonnes of painted flat steel products.

QBE enters new phase

2005: QBE Insurance entered a new phase of operations in Vietnam, selling its stake in a joint-venture insurance company to local partner BIDV and taking over a 100 per cent foreign-owned insurance company from Allianz.

Commonwealth Bank opens representative office

2005: Commonwealth Bank opened a representative office in Ho Chi Minh City, in addition to its long-standing insurance joint venture with a local partner (Bao Minh Insurance).

ANZ outbids other offshore banks for a 10 per cent stake in Vietnam's Sacombank

March 2005: ANZ acquired a 10 per cent stake in Sacombank, reputedly Vietnam's biggest retail banking network. ANZ is currently the largest foreign bank in Vietnam, with branches in Hanoi and Ho Chi Minh City and a total of 24 ATM service locations.

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