Keyword: "Vietnam Australia trade"

The update by Australia’s Department of Agriculture, Fisheries and Forestry to its Biosecurity Import Conditions system (BICON) on April 10, officially setting out import conditions for Vietnamese pomelos, is regarded as a major milestone in market access efforts.

Over the past five years, OV entrepreneurs in Australia have invested more than 1.8 billion USD in Vietnam and brought hundreds of Vietnamese products into major Australian supermarket chains, while also transferring technology and introducing to Vietnam modern management models, ERP solutions, blockchain-based traceability systems, and clean food processing technologies.

Opportunities for Australian firms to invest in Vietnam have never been better than now when the Southeast Asian economy is growing rapidly, said participants at a Vietnam-Australia business dialogue held in Sydney on July 22.

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.