Australia’s Victoria state pins hope on Vietjet’s launch of flights

Minister for Trade and Investment of Victoria state of Australia Tim Pallas has announced Vietnamese carrier Vietjet’s decision to choose Melbourne city as the destination for its first flights to Australia and establish its office in the state.
Australia’s Victoria state pins hope on Vietjet’s launch of flights ảnh 1Illustrative image (Photo: VNA)

Sydney (VNA) – Minister for Trade and Investment of Victoria state of Australia Tim Pallas has announced Vietnamese carrier Vietjet’s decision to choose Melbourne city as the destination for its first flights to Australia and establish its office in the state.

Pallas said the presence of a carrier from Southeast Asia is a victory of Victoria state’s economy and brings job opportunities to the locality, reflecting the state’s tourism and export strengths.

VietJet will run three direct weekly flights from Ho Chi Minh City to Melbourne airport from April and will develop it into a daily service in December 2024. Its flights are expected to bring more than 136,000 passengers to Melbourne each year and add 97 million USD annually to the state's economy.

VietJet will be the second Vietnamese airline to operate flights to Melbourne since after the COVID-19 pandemic. Previously, Vietnam's new-generation Bamboo Airways also launched the service in April 2022.

Vietnam is now the ninth largest importer of Victoria state, with 113 million AUD (80.5 million USD) worth of Australian goods transported via airway during 2021-2022, up 77% compared to 2020-2021.

Victoria state is also a popular tourist and study destination for Vietnamese. About 9,500 Vietnamese students are currently studying at its educational institutions. Before the pandemic, about 53,500 Vietnamese visitors arrived in Victoria, or nearly half of all Vietnamese arrivals in Australia in 2019./.

VNA

See more

Fruits on sale at the Thao Dien WinMart supermarket in Ho Chi Minh City (Photo: VNA)

Government steps up measures to boost growth, control inflation

To achieve the full-year growth target of 10%, GDP would need to expand by 12.5% in the fourth quarter. Deputy PM Nguyen Van Thang described this as “a major challenge, but not an impossible task”, noting that the economy still has considerable momentum and room for expansion.

Car production at Honda Vietnam’s factory in Phu Tho province. Vietnam's total sales of vehicles in the January–September period was 495,138, up 20.2% year on year. (Photo: VNA)

Auto market targets 700,000 sales in 2026

If the momentum continues in the fourth quarter, Vietnam’s auto market could surpass the previous record of 604,134 vehicles set in 2025 and approach 700,000 units for the full year.

The success of the premium 100% Fine Robusta coffee line “Ham Rong” in Italy is a vivid testament to the strategic transformation of Vietnam's agricultural sector. (Photo: VNA)

Vietnamese coffee’s journey to finding place in Italy

Within the premium 1895 Coffee Designers by Lavazza range, Ham Rong stands out as the first product for which the legendary Italian roaster has used the name of a specific farm owned by Vinh Hiep Co., Ltd. in Gia Lai as its official product name.

Phan Thiet II Industrial Park in Lam Dong province (Photo: VNA)

Lam Dong pulls in 70 new projects in 10 months

The southern province of Lam Dong attracted 70 new projects with total registered capital of over 176.49 trillion VND (6.78 billion USD) in January-October, 18 more than a year earlier.

A view of the sixth thematic session of the Ho Chi Minh City People’s Council (Photo: VNA)

Ho Chi Minh City to issue municipal, project bonds through VIFC to fund infrastructure

Beyond raising funds for infrastructure, the mechanism would help develop an international bond market, one of the four strategic product pillars of VIFC-HCMC. It would also connect domestic financing needs with international investors and financial institutions while promoting specialised services such as issuance consultancy, capital arrangement, credit ratings and risk management.

Vietnamese Ambassador to Australia Pham Hung Tam (left) talks to Australian Minister for Resources Madeleine King. (Photo: VNA)

Vietnam, Australia push collaboration in energy, critical minerals

Vietnamese Ambassador to Australia Pham Hung Tam used the International Mining and Resources Conference and Exhibition 2026 (IMARC 2026) in Sydney, held on October 27-29, to meet Australian officials, researchers and companies and push cooperation in energy, critical minerals and mining tech.

Illustrative photo: VNA

New drivers sought for tourism real estate market

Vietnam’s tourism real estate market needs to shift its focus from speculative investment and expectations of price increases towards operational efficiency, revenue generation and sustainable asset value, experts said at a conference in the central province of Gia Lai on October 30.

At the ribbon-cutting ceremony to inaugurate Spectre 2 Hung Yen garment factory (Photo: VNA)

Denmark’s Spectre opens fourth Vietnam plant

The factory is built around high technology, energy efficiency and environmental responsibility, and carries LEED Gold certification, a top standard for energy-saving, eco-friendly building design. Solar power and modern design are expected to cut about 1,600 tonnes of CO2 emissions a year versus conventional plants of similar size.

Phu Quoc welcomes an estimated 8.57 million-plus visitors in the first nine months of 2026, up 30.5% year on year, including more than 1.92 million international arrivals, an increase of 60.2%. (Photos: Sun Group)

Tourism powers nearly 40% economic growth in Phu Quoc

In the first nine months of 2026, Phu Quoc welcomed an estimated 8.57 million-plus visitors, up 30.5% year-on-year, with international arrivals exceeding 1.92 million, an increase of 60.2%. Tourism revenue reached approximately 45.976 trillion VND, up 47.7% and exceeding the full-year target by 1%.