The 4th Vietnam-Australia Economic Ministers’ Meeting took place in Adelaide, Australia. (Photo: Viet Nga/VOV-Australia)

The meeting took place in the context that the two countries upgraded their relationship to a Comprehensive strategic partnership during Prime Minister Pham Minh Chinh's official visit to Australia in March.

Speaking at the event, Dung said that with the upgrade of the relationship, Vietnam and Australia have become key economic partners of each other in various fields, including trade, investment, development cooperation, agriculture, education and training.

Governor of South Australia Frances Adamson (center) welcomed Deputy Minister of Industry and Trade Phan Thi Thang, Minister of Planning and Investment Nguyen Chi Dung and Australian Minister of Trade Don Farrell (Photo: Viet Nga/VOV-Australia)

Farrell noted that bilateral trade is booming, creating more opportunities for exporters, businesses, and workers of both countries. Over the past three years, two-way trade has reached a record high of 26 billion AUD and Vietnam has become one of the fastest growing sources of international visitors to Australia after the COVID-19 pandemic

At the meeting, the two sides discussed measures to strongly promote bilateral economic relations and open new directions. They also assessed the implementation of the Enhanced Economic Engagement Strategy (EEES) and the results of the meetings of the Working Groups on ODA, FDI, and trade.