First Research Institute on Vietnam Launched in Australia

The Australia-Vietnam Policy Institute (AVPI), the first research institute on Vietnam in Australia, was launched in Melbourne on February 22.

Rosy Huong

huongthhd@gmail.com February 23, 2022 | 08:13

Vietnam-Australia relations are expanding. Photo: Reuters

The institute was virtually launched by Australia's RMIT University, Asia Society Australia, Asialink and the Australia-Vietnam Leadership Dialogue, VietnamPlus reported.

The event was attended by Australian Minister for Trade, Tourism and Investment Dan Tehan, Australian Ambassador to Vietnam Robyn Mudie, Vietnam's Ambassador to Australia Nguyen Tat Thanh and RMIT Vice-Chancellor and President, Professor Alec Cameron, along with officials, businesses, scholars and researchers from Vietnam, Australia and many other countries.

In his remarks, Ambassador Thanh expressed his delight at the expansion of the Vietnam-Australia relations despite Covid-19, with two-way trade rising 50% in 2021, making Australia the 10th largest trade partner of Vietnam.

The Prime Ministers of the two countries announced the bilateral Enhanced Economic Engagement Strategy in November 2021, he noted, adding that during Australian Foreign Minister Marise Payne’s visit to Vietnam last year, the two countries agreed to work towards a comprehensive strategic partnership in early February 2023 at the earliest.

Prime Minister Pham Minh Chinh on November 9 hosted a reception for visiting Australian Minister of Foreign Affairs and Minister for Women Marise Payne. (Photo: VNA)

Prime Minister Pham Minh Chinh on November 9, 2021, hosted a reception for visiting Australian Minister of Foreign Affairs and Minister for Women Marise Payne. Photo: VNA

The diplomat said that the launch of the AVPI, the first institute for Vietnamese studies in Australia that gathers business leaders, researchers and government officials who share the interest in the ties between the two countries, is an important event in the bilateral relations.

Ambassador Thanh said that in 2022 when the two countries implement the new Enhanced Economic Engagement Strategy and celebrate the 50th anniversary of bilateral relations and head to a comprehensive partnership, there are high expectations for AVPI's contributions.

He welcomed targets and action programmes set by the AVPI, and pledged to work hard to support the institute's activities.

The diplomat also expressed hope that the AVPI will organise activities to enhance the awareness of people in both countries on the economic and strategic significance of Australia to Vietnam and vice versa, thus increasing mutual understanding in each country's history and the current situation, and helping businesses of both sides to optimise opportunities in each other’s market.

For his part, Minister Tehan reaffirmed that Australia values the relationship with Vietnam as a key partnership amid the changing situation in the Indo-Pacific region.

Australia hopes to promote the ties in the future to benefit people in both countries as well as the Southeast Asia and Indo-Pacific regions as a whole.

Supported by Australia’s Department of Foreign Affairs and Trade (DFAT), the AVPI will act as a dedicated knowledge portal and a collaborative platform to deepen the strategic relationship between Australia and Vietnam./.

First Research Institute on Vietnam Launched in Australia

Vietnamese agricultural products sell well in Australia's major supermarkets. Photo: VOV

Vietnam’s trade turnover with Australia hit a record high of US$12.4 billion for the first time in 2021, marking a rise of nearly 50% compared to 2020, VOV said.

Most notably, the country’s export turnover to Australia reached US$4.45 billion, an increase of 23%, while its imports stood at around US$7.95 billion, an annual rise of 70%.

With this level trade volume, the nation duly became Australia’s 12th largest trading partner, whilst Australia was the country’s 10th biggest.

Australia is committed to providing practical support to the country’s transformation, including promoting its existing development co-operation programmes, identifying new technology-based solutions, and helping the nation to mobilise necessary financial resources to achieve its ambitious goals.

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