Ten Vietnamese textile businesses in Hanoi are popularising their products at the Australia International Sourcing Fair that is taking place in Melbourne on November 13-15.

The annual event attracts hundreds of companies from Vietnam, India, China, Pakistan, Thailand, Indonesia and Bangladesh, and creates a golden opportunity for Australian importers to seek partners and boost investment in foreign markets.

Many Australian enterprises expressed their hope to partner and sign import-export contracts with Vietnamese businesspeople.

Brian Irving, an expert in trade development management, hailed Vietnam as a large textile exporter with a low but competitive production cost.

He added that the local sector as a key industry can draw in more foreign investors and potential partners.

Trade Counsellor to Australia Nguyen Bao and Deputy Director of the Hanoi Industry and Trade Department Pham Duc Tien introduced to international friends to business and investment cooperation opportunities as well as Vietnam’s major products such as textiles, footwear, wooden furniture and seafood.

On the occasion, the Vietnam Trade Office in Australia on November 13 coordinated with the Vietnamese Businesses Association in Australia to host a conference on trade promotion between the two countries.

Australia is Vietnam’s 9th biggest trading partner with two-way trade estimated at nearly five billion USD last year.

It is also considered one of the new markets in the Asia-Pacific region that opens up numerous opportunities for Vietnam.-VNA