Northern Territory investment cooperation seminar follows upgrade in Vietnam-Australia relations
Following the recent upgrading of Vietnam-Australia ties to that of a Comprehensive Strategic Partnership, The Investor and the Vietnam-Northern Territory Business Council (NTVBC) will organize a seminar in Hanoi on Thursday.
The 2024 Seminar on Vietnam-Northern Territory Investment Cooperation will be held under the auspices of the Vietnam’s Association of Foreign-Invested Enterprises (VAFIE).
The 2024 Seminar on Vietnam - Northern Territory Investment Cooperation to be held in Hanoi, March 28, 2024. Photo by The Investor.
The seminar follows the upgrading of Vietnam-Australia relations to that of a Comprehensive Strategic Partnership during a visit to Austrialia earlier this month by Vietnamese Prime Minister Pham Minh Chinh.
During the visit, made at the invitation of Australian PM Anthony Albanese, the two leaders agreed to coordinate closely on six major orientations: building strategic diplomatic-political trust; achieving more inclusive, substantive, and effective economic, trade, and investment cooperation, tapping the potential of the two highly complementary economies; promoting stronger cooperation in science-technology, innovation, digital transformation, and green transition; stepping up cooperation in culture, education-training, environment and climate change response; enabling more open and sincere people-to-people exchanges and connections; and achieving better understanding on security-defense cooperation.
The upgrading of the Vietnam- Australia relationship to a Comprehensive Strategic Partnership is considered an important premise to make bilateral cooperation in all fields deeper, more effective and more substantial.
Observers have said that the Northern Territory, a state with the third largest area and the closest trade gateway of the Federation of Australia to the Asia-Pacific and ASEAN regions, has a lot of development potential and strengths, as well as similarities and good complementarity with Vietnam, which have not yet been properly evaluated and tapped by both sides.
On September 3, 2021, the VAFIE and the NTVBC signed a strategic cooperation agreement to jointly promote trade and investment cooperation between businesses of Vietnam and the Northern Territory.
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