Vietnam-Australia business forum to seek greater co-operation opportunities
A Vietnam-Australia business forum is set to take place next week in support of firms from the two countries to allow them to seek greater co-operation opportunities and technology transfer in clean energy, hi-tech agriculture, and digital transformation applications.
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| The “Vietnam – Australia Business Cooperation Forum: Technology Transfer and Business Opportunities between Innovation Ecosystems in Australia and Vietnam” will take place on June 16. (Photo: VNA) |
The "Vietnam-Australia Business Cooperation Forum:Technology Transfer and Business Opportunities between Innovation Ecosystems in Australia and Vietnam” will be organised by the Australian Department of Foreign Affairs and Trade (DFAT) in collaboration with the Ministry of Science and Technology (MOST), University of Technology Sydney (UTS), Saigon Innovation Hub (SIHUB), and Ho Chi Minh City University of Technology on June 16.
It is supported by the Australia-Vietnam Enhanced Economic Engagement Grant (AVEG) under which the Government of Australia is committed to providing close to 2 million USD to assist small businesses in Vietnam, starting in mid-2021.
The forum, to be held both in person in HCM City and on virtual platforms, expects to see the presence of leaders of Vietnam and Australia as well as experts and business representatives from both sides.
Discussions will focus on the application of digital transformation in search and rescue, climate change response, health care, benefit-sharing scheme in energy projects, preservation of agricultural and aquatic products using solar power, agricultural product traceability using Blockchain, Internet of Things (IoT)-based smart farming solutions, biomethane production from agricultural residues, energy efficiency, and others.
Last November, Vietnam and Australia adopted the Enhanced Economic Engagement Strategy, with the aim of becoming top-ten trading partners and doubling two-way investment.
According to the DFAT, Vietnam-Australia trade expanded 8.6 percent annually over the past two decades. In 2020, Australia’s investment in Vietnam reached 1.38 billion AUD (966 million USD), accounting for 0.51 percent of the latter’s total FDI.
Australia provided ODA loans worth 78.9 million AUD to Vietnam from 2020 – 2021.
(Source: VNA)
