Layton Pike, co-founder of the Australia-Vietnam Policy Institute

Accepting the invitation of Australian Prime Minister Anthony Albanese, Prime Minister Pham Minh Chinh and his wife officially visited Australia from March 5 to March 9.

Vietnam and Australia celebrated 50 years of their diplomatic relations last year.

The achievements across a variety of fields that the bilateral relationship has brought about over the past five decades shows that bilateral relations bring plenty of benefits to both side.

The past five decades have shown that, despite being geographically far apart, Vietnam and Australia have many things in common, and advantages that can be utilized.

That is, being in the same region, having close connections between people, having complementary economies, and both making many efforts to promote prosperity and solidarity in the region. The two countries are still facing common challenges such as climate change, and transition to a green economy.

These are solid foundations in terms of the relationship between the two nations as they continue to develop to a new stage. This is what Layton Pike, co-founder of the Australia-Vietnam Policy Institute, hopes to build upon during this Australia visit by PM Chinh.

Nicolas Moore, special envoy for Southeast Asia

Layton Pike said, "I think both countries share many common values, not only in the bilateral relationship, but also in their aspirations for the region.

We have two economies that complement each other. We are all middle-sized countries in the region, and if we work together, we can do many things.

Therefore, it is clear that Australia and Vietnam need to upgrade relations to a new level. This will bring good things to the two countries and to the whole region."

Currently, both sides are stepping efforts to utilize the advantages of this relationship, as well as holding regular meetings between leaders to strengthen ties and increase understanding, political trust, and confidence between the two countries.

Co-operation between the two nations in many spheres from politics-diplomacy, security-national defense, science-technology, education, economics-trade, and people-to-people exchanges have all been rapidly strengthened.

In the field of trade and investment, last year, Australia issued the Southeast Asia Economic Strategy to 2040.

It proposed four areas that will promote relations with the Vietnamese side, including agriculture and food, resources, transition to green energy, education, and skills.

Nicolas Moore, special envoy for Southeast Asia of the Australian Government, said that the Australian side is making great efforts to conduct research and provide information, thereby enabling Australian businesses to better understand the Vietnamese side, and further facilitate the co-operation process with Vietnam.

Nicolas Moore said, "I met with representatives of AsiaLink, an organization funded by the Australian government. They sent me a guide on ways for Australian businesses to invest in Vietnam.

This agency also published the publication Australia-Vietnam Green Economy Program to encourage Australian investors.

Next April, we will hold a conference on this issue in Vietnam. These are just a few examples showing that Australia is interested in promoting investment and trade with the region, and specifically with Vietnam."

The mutual relationship has a favorable space, strong political determination, and support from the people to bring bilateral relations to new heights. The two sides will continue to make relentless efforts aimed at creating and seizing upon opportunities to bring benefits, not only to both countries, but also to contribute to ensuring stability and prosperity in the region as a whole.​

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