(VOVWORLD) -Prime Minister Pham Minh Chinh attended the Vietnam-Australia Business Forum in Melbourne on Tuesday as part of his ongoing trip to Australia for the ASEAN-Australia Special Summit and an official visit to Australia.
 Prime Minister Pham Minh Chinh speaking at the Vietnam-Australia Business Forum. Photo: VOV
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PM Chinh told the forum that during his official visit to Australia, the two countries are scheduled to announce the upgrade of bilateral relations for better political trust, better economic, trade and investment cooperation, better science-technology and innovation collaboration, better partnership in education, training, cultural and people-to-people exchanges, and better cooperation in tourism and labor.
The Prime Minister said that economic, trade and investment cooperation is a major pillar in bilateral relations, so he called on businesses, associations and investors of the two countries to further promote their collaboration and pledged that the two governments will continue to create favorable conditions for their cooperation. The Vietnamese Government will continue to promote three strategic breakthroughs in terms of institutions, infrastructure and human resources, as well as simplify administrative procedures, he added.
PM Chinh suggested that the two sides optimize traditional growth momentum of investment, export and consumption, and promote new momentum such as digital transformation, green transition, circular economy, knowledge-based economy and sharing economy on the foundation of innovation, science and technology. The Prime Minister expected that Australia will continue to create favorable conditions for Vietnamese people to live, work, and study in the country.
 Prime Minister Pham Minh Chinh cuts the ribbon to open the Australia-Vietnam Policy Institute at RMIT University. Photo: VOV
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At the forum, many memorandums of understanding and investment cooperation agreements between businesses of the two countries were signed. Vietjet airline announced a new flight route connecting Melbourne and Hanoi.
Earlier the same day, PM Chinh cut the ribbon to inaugurate the Australia-Vietnam Policy Institute at RMIT University, which aims to conduct researches on the strategic relations between Australia and Vietnam, contributing to effectively implementing Australia’s Southeast Asian Economic Strategy to 2040.
PM Chinh expressed his belief that the institute’s activities in providing policy consultancy to the two governments will help deepen the bilateral relationship, making it more practical and effective across all fields for the growth of each country.