The Northern territory of Australia is eager for closer linkages with Vietnam in construction, investment, oil and gas exploitation, education and training and agriculture in the coming time.

Northern territory Chief Minister Adam Giles was speaking at a business forum jointly held by the Vietnamese General Consulate in Perth, the administration of the Northern territory, and VABIS group from November 22-25.

Gile said he hopes the event would bridge businesses of Vietnam and the territory in enhancing economic and trade activities between the two countries.

The region expects to sign cooperation agreements with northern Hai Phong city and southern Ho Chi Minh City in the coming time, he added.

General Consul Le Viet Duyen said he hopes Vietnamese businesses will grasp opportunities offered by the Northern territory, especially its labour needs.

The Northern territory of Australia has an annual growth rate of 4.5 percent, which is the country’s highest rate. Its estimated GDP of nearly 20 billion AUD in 2013 is expected to double by 2030.

Vietnam is currently the territory’s second largest cow importer after Indonesia. The two sides also hold potential for partnerships in tourism, investment, trade and construction.-VNA