APP: Vietnam is Australia’s potential market

(VOVworld) – The Australian Associated Press (AAP) said on Saturday that once the TPP comes into effect Vietnam will be Australia’s potential market as Australian investors will have a number of advantages. It quoted a number of analysts and diplomats as saying that Australia-Vietnam trade ties will prosper when the TPP comes into force. Economist Sandeep Mahajan of the World Bank Office in Hanoi said the TPP will create an economic advantage for Vietnam to achieve a GDP growth rate of 8% by 2030. Australian Consul General in Vietnam Layton Pike said the TPP will increase bilateral trade between Vietnam and Australia and make it easier for Australian investors to enter Vietnam’s education market. President of the Australian Business Association in Vietnam Brian O’Reilly said the TPP will create opportunities for the business community in Vietnam and through Vietnam Australian investors will have the opportunity to access other markets in Southeast Asia.

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