Australia to boost trade ties with Vietnam through table grapes

Vietnam is a potential market for Australian table grapes because of its growing middle class, rapid economic growth and the increasing purchasing power of Vietnamese consumers.
Australia to boost trade ties with Vietnam through table grapes ảnh 1Australian table grapes are showcased at the seminar. (Photo: VNA)

Hanoi (VNS/VNA) - Vietnam is a potential market for Australian tablegrapes because of its growing middle class, rapid economic growth and the increasingpurchasing power of Vietnamese consumers.

The statement was made by Yvonne Chan, Australian Deputy Consul-General andSenior Trade Commissioner to Vietnam, at a seminar in Hanoi on February 28.

The event was organised to cement existing trade relations and build newpartnerships among Australian table grape exporters and Vietnamese importers.

Table grapes are produced in all Australian states, with the majority grown inVictoria. Of the country’s roughly 1,000 table grape growers, most aresmall-scale, family owned businesses.

Australia plants an average volume of 170,000 tonnes of table grapes each year,62 percent of which is exported to 42 countries and territories, Chan said.

Vietnam is the 7th largest importer of Australian table grapes with a 4 percentshare, following China (38 percent), Indonesia (15 percent), Japan (10 percent),Hong Kong (7 percent), the Philippines (5 percent) and Thailand (5 percent).

According to Dianne Phan, trade head of Horticulture Innovation AustraliaLimited, Vietnam is a key export market for Australia, and the Australian tablegrape industry has worked hard to introduce Vietnamese consumers of Australiangrapes.

“Over the past four years, Australian table grape exports have grown 73 percent,demonstrating the increasing demand for our high quality and premium produce,”she said.

Australian Table Grapes Association CEO Jeff Scott said several new varietieswere coming into production for export this year such as sweet nectar, sweetsapphire, pristine seedless, long crimson, cotton candy and melody seedless.However, thompson seedless and crimson seedless are still expected to beAustralia’s main export varieties.

“Vietnam is one of the best favourable markets for Australian table grapes,especially thanks to the easy delivery through air flights between the twocountries,” Scott said.

“I expect the exporting volume of Australian table grapes into Vietnam willreach 7,000 tonnes this year, nearly five times higher than that in 2016,”Scott said.

Besides table grapes, Australia is exporting two other types of fruits intoVietnam, including citrus and cherry fruits.

Negotiations are also ongoing to bring Australian stone fruits into the Vietnamesemarket.

“I look forward to the trade ties between Australia and Vietnam being closerand more and more Australian products being presented in Vietnam, especiallyafter the country officially became a member of the Comprehensive andProgressive Agreement for Trans-Pacific Partnership (CPTPP),” Chansaid.-VNS/VNA
VNA

See more

Illustrative image (Photo: thoibaonganhang.vn)

Vietnamese gov’t approves two-year trial of P2P lending

Under the pilot, only P2P lending companies licensed by the State Bank of Vietnam (SBV) will be allowed to operate. Foreign banks are excluded from participation. While credit institutions and fintech firms may join the trial, participation does not guarantee future compliance with business or investment regulations once formal laws are enacted.

Processing dragon fruit for exports (Photo: VNA)

Overseas Vietnamese help Vietnamese products go global

In 2016, approximately 4.5 million Vietnamese were residing in 109 countries and territories. Today, the figures have risen to over 6 million and more than 130, respectively. Once focused on small-scale trade, many OV entrepreneurs now own major retail centres and operate extensive wholesale networks, boosting the availability of Vietnamese products abroad.

Illustrative image (Photo: VNA)

PM orders fast-track construction of Lao Cai - Hanoi - Hai Phong railway

The Minister of Construction was asked to work closely with local authorities to hasten land clearance, compensation, resettlement, site surveys, and the drafting of a feasibility study, which must be completed by June 2025, setting the stage for the project's groundbreaking on December 19, 2025.

LNG import operations at Thi Vai terminal. (Photo: VNA)

Vietnam cuts LNG import tariff to boost clean energy transition

The Vietnamese Government has reduced the preferential import tariff on liquefied natural gas (LNG) from 5% to 2% under Decree No. 73/2025/ND-CP, issued on March 31. The move marks a key step in accelerating the country’s shift from fossil fuels to cleaner energy.

Prime Minister Pham Minh Chinh chairs the meeting (VNA)

PM urges proactive engagement with US on trade talks

Trade negotiations with the US must be calm, consistent, and flexible, aiming to protect national sovereignty, security, and interests, while upholding international commitments and pursuing “balanced interests, shared risks," said Prime Minister Pham Minh Chinh.

Fisshing vessels in Quang Binh province (Photo: VNA)

Vietnam races against time to have EC’s "yellow card" lifted before Sept. 15

The Ministry of Agriculture and Environment particularly focused on resolving all EC concerns before September 15, the deadline for submitting a progress report to the commission, as well as ensuring thorough preparations for the fifth inspection so as to secure the removal of the “yellow card” warning.

The daily reference exchange rate for the US dollar is set at 24,960 VND/USD on April 29. (Photo: VNA)

Reference exchange rate down April 29

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,960 VND/USD on April 29, down 4 VND from April 28.

Investment in artificial intelligence surges eightfold compared to 2023 (Photo: VNA)

Investment in AI in Vietnam increases eightfold

Vietnam is entering a new phase of growth, where innovation, science, and technology are at the forefront of shaping its future. From being an emerging market, Vietnam has now risen to become a strategic destination for technology investment in Southeast Asia, driven by the aspirations of the entrepreneurial community and strategic guidance from the government