25 January 2022
The Australia-Vietnam Leadership Dialogue (AVLD), in partnership with the Australian Department of Foreign Affairs and Trade (DFAT), launched the Vietnam Surges Series (the Series) to provide practical insights into two-way trade and investment, and highlight unique perspectives from local leaders and experts in Vietnam. The Series consists of 12 video episodes accompanied by case studies, drawing on AVLD alumni from sectors including education, agriculture, technology, sustainable city development, food & beverage, and retail.
Vietnam and Australia remain among the world's fastest-growing economies, with Vietnam ranked 19th globally as a destination for foreign direct investment and Australia maintaining its strong ranking as the 13th largest economy in the world as at 2020. Over the past 20 years, the two-way trade relationship between Australia and Vietnam has grown on average by 8.6% each year. With a shared commitment to trade liberalisation and economic connectivity, the Australian and Vietnamese governments developed the Enhanced Economic Engagement Strategy (the Strategy). The Strategy supports an ambitious target of both countries becoming top ten trading partners and doubling two-way investment.
The Series is part of the Australia-Vietnam Enhanced Economic Engagement Grant (AVEG) pilot program, designed to promote bilateral economic engagement, strengthen people-to-people links to build stronger partnerships, and support the economic recovery of Australian industries adversely affected by the COVID-19 pandemic.
In recognition of Vietnam’s strong demand for Australia’s education, natural resources and agricultural products, Her Excellency Ms Robyn Mudie, Australian Ambassador to Vietnam said: “Bilateral economic engagement is critical to the Australian and Vietnamese economies, providing jobs and prosperity. The Strategy and the activities supported by AVEG, including the Series, will present monumental opportunities for Australian and Vietnamese businesses, governments and innovators to work together to advance our goals. I look forward to the new and practical insights from AVLD and its ecosystem through the Vietnam Surges series.”
AVLD Board Director – Dr Melissa Jardine, welcomed the Australian Government’s commitment to increase public awareness of economic opportunities in Vietnam and the government’s efforts in raising the Asia capability of Australian businesses to effectively engage with the Vietnamese market. “As both countries emerge from the pandemic and begin our economic recovery, the Vietnam Surges Series presents tremendous educational benefits and partnership opportunities for business leaders and innovators of both nations”, Dr Jardine said.
In endorsing the Series, His Excellency Nguyen Tat Thanh, Vietnam’s Ambassador to Australia, noted: “The series comes during a critical time when both countries are adversely affected by COVID-19 crisis. It is important for COVID-19 recovery to develop enduring partnerships across sectors in Australia and Vietnam, building on our long-standing trade and investment relationship. AVLD is well placed, through its expansive and innovative network, to provide unique insights into the Australia Vietnam economic relationship.”
The 12-video episodes will be released on www.australiavietnam.org/vietnamsurgesseries monthly between January and December 2022, in both languages, and will be accompanied by case studies to inspire Australian business engagement and forge new networks. To support the delivery of the Strategy and the Series, ALVD will be hosting a Roundtable in June 2022 for Vietnamese and Australian businesses to connect and discuss economic opportunities.
For further information about the Vietnam Surges Series, visit www.australiavietnam.org/vietnamsurgesseries
To read more about the Strategy, visit www.dfat.gov.au/australia-vietnam/eees/en/index.html
AVLD is an independent not-for-profit organisation that was established to nurture relationships, promote engagement and incubate collaboration between Australian and Vietnamese young leaders from a broad spectrum of society. For more information about AVLD, visit www.australiavietnam.org or follow the Facebook page: www.facebook.com/avyld and LinkedIn page: www.linkedin.com/company/ausviet/.
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This activity received grant funding from the Department of Foreign Affairs and Trade under the Australia-Vietnam Enhanced Economic Engagement Grant Program 2021.