NA Chairman receives Australian Minister of Trade and Tourism Don Farrell
|National Assembly Chaiman Vuong Dinh Hue receives Australian Minister for Trade and Tourism Don Farrell. (Photo: VNA)|
At the reception, NA Chairman Hue suggested the two sides discuss and sign a Memorandum of Understanding on the establishment of mechanisms on a ministerial-level dialogue on trade and another on energy and mining.
As there remains ample room to boost bilateral economic, trade and investment ties,NA Chairman Hue proposed the two countries continue create favourable conditions for enterprises and investors and informed that during his visit, economic and education cooperation forums will be held.
He also suggested Australia pay attention to implementing the 2021-2025 Action Plan of the Vietnam-Australia Enhanced Economic Strategy (EEES) and actively assist Vietnam in energy transition and ensuring energy security.
For his part, Minister Farrell expressed his wish that the two countries will hold a ministerial-level dialogue on trade next year on the occasion of the 50th anniversary of diplomatic ties to further promote economic-trade-investment ties.
|NA Chairman receives Australian Minister of Trade and Tourism Don Farrell: Overview of the meeting. (Photo: VNA)|
Australia is striving to become a renewable and clean energy powerhouse and will continue cooperating with Vietnam in this field, the Minister said.
In the first nine months of this year, two-way trade soared by over 30% annually to 12 billion USD, making Australia the seventh largest trade partner of Vietnam for the first time. At present, Vietnam is Australia's tenth largest trade partner. The bilateral trade value for the whole year is estimated at 15 billion USD.