PM calls for efforts to raise Vietnam-Australia trade to 20 billion USD
(VOVWORLD) - Vietnam and Australia should make greater efforts to raise two-way trade to 20 billion USD, especially by further opening markets and facilitation of exports from both countries, Prime Minister Pham Minh Chinh said during Wednesday’s reception in Hanoi for Australian Minister for Foreign Affairs Penny Wong.
 PM Pham Minh Chinh welcomes Australian Minister for Foreign Affairs Penny Wong, Hanoi, August 20, 2025. |
PM Chinh emphasized the vast potential for cooperation and urged the effective implementation of the Action Plan, and regular dialogues and consultations to fortify political trust between the two countries.
He suggested further expansion of defense and security cooperation, particularly in cybersecurity, digital transformation and equipment support to enhance Vietnam’s capacity. Mr. Chinh said he hopes to see breakthroughs in collaboration in human resource training and biomedical technology.
Minister Wong, who is in Vietnam to co-chair the 7th Vietnam-Australia Foreign Ministers’ Meeting, pledged to advance the Comprehensive Strategic Partnership between the two countries.
Measures include strengthening defense and security ties, expanding collaboration in science and technology, digital transformation and innovation, education and training, and human resources development through ODA projects and investment funds, she said.