Vietnam, Australia increase trade and technology cooperation

Friday, 17/06/2022 17:15
A forum on “Vietnam – Australia Business Cooperation” was held on June 16 with the aim of technology transfer and business opportunities between innovation ecosystems in terms of clean energy, hi-tech agriculture and digital application.

Australia continues to support socio-economic development in northwest Vietnam

Can Tho wishes to promote trade and education cooperation with Australia

Experts share experiences about digital transformation applications that are of interest to the world. (Photo: SGGP)

The activity was part of the Australia-Vietnam Enhanced Economic Engagement Grant (AVEG) towards the 50th anniversary of the two countries’ diplomatic relationship. In addition, the forum was an opportunity for the two countries’ business to have access to, introduce outstanding technology, and seek cooperation opportunities.

Sarah Hooper, Australian Consul General to Ho Chi Minh City, said that the bilateral relationship between the two countries is very important. The Australian Government is very interested in promoting investment in innovation and new technology in Vietnam through the University of Technology Sydney (UTS), sponsoring USD2.5 million for key economic sectors. At the same time, it invites Vietnamese businesses to learn about new energy and Australia's technology transfer process, help strengthen the comprehensive economic cooperation relationship, and remove tariff barriers.

She said that innovation is very necessary in Vietnam, so that Vietnam's clean energy industry was highly appreciated by the world at the recent COP26 conference.

In recent years, Vietnam is a country with a growing economy, attracting investors, of which Australia is in the group of 20 countries investing the most in Vietnam, with USD1.38 billion in 2020. With a vision of global impact, over the past few years, UTS professors and scientists have collaborated with universities and industry in Vietnam to implement many pilot projects that benefit both sides./.

CPV (Source: VNA)