Australian Firms See Vietnam as Attractive Destination
A number of companies from Australia’s Queensland will visit Vietnam soon to seek investment opportunities, showing their interests in the country.
Queensland is seeking to set up an office to help their firms boost investments in Vietnam – a promising market, Queensland’s Trade Minister Stephen Robertson said.
Vietnam has offered incentives for Queensland businesses, Robertson said, adding that the country’s commitment to reform its market since it became a member of the World Trade Organization (WHO) has opened up attractive prospects for foreign investors.
He revealed that his country’s first commercial representative office will be based in Ho Chi Minh City, aiming to cooperate closely with the state’s education and training sector and support its import-export activities in Vietnam.
The representative office will also help Queensland firms in the negotiation process to develop suitable business strategies and tap full use of the advantages of Vietnam’s economy, Robertson emphasized.
As of July 20, Australian firms poured $1.23 billion in 232 projects in Vietnam, ranking the 20th among countries and territories making direct investment in the country, according to the Ministry of Planning and Investment’s figures. (VoV)
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