Garment-textile for exports (Photo: VNA) According to the Ministry of Industry and Trade,Vietnam and Australia enjoy favourable conditions to boost economic and tradeties.
Two-way trade reached 5.26 billion USD in 2016,a year-on-year increase of 6.5 percent.
The Vietnamese trade office in Australia saidVietnam posted a trade surplus of about 480 million USD in 2016.
Growth was seen in camera and spare parts, ironand steel products, apparel and footwear materials, computers, electronicproducts and components, and interior decoration.
Australia has demand for Vietnamese staples suchas garment-textile, footwear, seafood, and timber products.
It also imports Vietnamese lychees, which haveenjoyed a surge in export turnover over the past two years.
The Vietnamese trade office in Australia notedthat Australian consumers are open to imported goods and they care aboutquality, appearance and price.
The most urgent thing to do is popularise Vietnameseproducts and connect businesses with the market.
Australian importers do not accept productswhich fail to meet their quality standards and they attach great importance tolong-term business partnerships.
Robert Chua, an Australian market consultant,said import demand in Australia is huge but Vietnamese products are not strongenough to dominate the market.
In fact, Australia imports various products fromAsia-Pacific countries, including Vietnam, especially footwear andgarment-textile.
Therefore, it is essential to improve qualitymanagement of manufacturing factories and abide by global criteria on plantprotection drugs, dyes and food additives, experts suggested.
Businesses could invite quality control expertsand skilled workers from Australia to work in Vietnam to populariselocally-made products, they advised.
Minister of Industry and Trade Tran Tuan Anh calledon the two sides to exert efforts to drive bilateral trade forward, on par withtheir economic potential and comprehensive partnership.
The enforcement of the free trade agreementbetween ASEAN, Australia and New Zealand has helped increase Vietnam-Australiatrade ties, creating a significant milestone in the two countries’ relationship,he added.
The Ministry of Industry and Trade will entrustits Import-Export Department to address difficulties via a hotline and simplifyadministrative procedures as well as promulgate documents to highlightopportunities and challenges from free trade agreements for businesses to helpthem boost exports, he said.
Since Vietnamand Australia normalised relations in 1973, bilateral ties have been reinforcedby external affairs, trade, and economy.
Bilateral rapport has developed since the two nations set up a comprehensivepartnership in 2009, especially in economy and trade.-VNA
VNA
