(VOVWORLD) - Vietnam is Australia’s perfect economic partner, said a joint report by Asia Society Australia and the Australian APEC Study Centre at RMIT University.
 Irradiation and quarantine quality of fresh lychee exported to Australia. (Photo: Vu Sinh / VNA) |
According to the report, Vietnam, with its population of nearly 100 million people, is a standout option for Australian businesses to consider as a market for goods and services and business investment. The Vietnamese market can help Australia capitalise on economic complementarities and diversify supply chains.
The report said Vietnam, a densely populated, developing and urbanizing country, is rapidly transitioning to an industrial and market-based economy through trade and investment and is making strides to position itself to thrive in Industry 4.0.
It pointed to great opportunities available in Vietnam for Australian goods, resources, services in education, ICT, insurance, the environment, health, and the Industry 4.0-related sectors.
According to the report, Vietnam always welcomes Australian firms, with Australian brands highly valued.