Huge trade potential in Australia
The opportunities for Việt Nam to tap the Australian market are huge if businesses create competitive products up to international standards, experts have said. According to the Ministry of Industry and Trade, Việt Nam and Australia enjoy favourable conditions to boost economic and trade ties. Two-way trade reached US$5.26 billion in 2016, a year-on-year increase of 6.5 per cent. The Vietnamese trade office in Australia said Việt Nam posted a trade surplus of about US$480 million in 2016.
