Queensland rep comes to boost trade with Vietnam

A gathering of Australian entrepreneurs and Vietnamese partners in HCMC. More networking events have been organized in HCMC for Australian companies to meet with their Vietnamese counterparts over opportunities to boost exports to this market - Photo: Mong Binh

HCMC - Australia’s Queensland government will dispatch a new representative to work in Vietnam in a move to speed up relations, especially in the fields of trade and education, the state’s Trade Minister Stephen Robertson said.

“Queensland’s new representative will be based in Austrade’s office in HCMC,… assisting Queensland’s export performance in Vietnam,” Robertson said in a statement released last week.

The Australian consulate general in HCMC told the Daily via email that the new trade representative should be installed this October at the latest as advised by the Australian Trade Commission (Austrade) office in Vietnam.

Robertson said Vietnam had offered new opportunities for Queensland businesses looking to expand their base to South East Asia since the country’s entry into the World Trade Organization (WTO) in January 2007. Vietnam’s commitment to market reform also makes it an attractive destination for foreign investment, he noted.

“Vietnam is now considered a leading growth economy in the ASEAN region, with opportunities in a range of sectors including infrastructure development, both public and private,” Robertson said.

“By providing market advice and on the ground support with logistics, Queensland companies will be well placed to take advantage of these growth economies,” he added.

Figures showed Australia’s merchandise trade with Vietnam in 2009 was nearly A$4.5 billion, with imports from Vietnam exceeding A$3.1 billion worth of crude oil, furniture, mattresses and cushions, fruit and nuts, and footwear. Australian exports to Vietnam included wheat, copper, and aluminum among others.

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Queensland sees business opportunities in Vietnam

Companies from the Australian state of Queensland's will soon have access to local businesses in Vietnam, a growing market where the State Government is creating an on-the-ground presence to help give Queensland businesses first mover advantage, Queensland's Trade Minister Stephen Robertson has said.

According to Minister Stephen Robertson, Vietnam presents new opportunities for Queensland businesses looking to expand their base to South East Asia.

"Vietnam recently gained entry into the World Trade Organization in January 2007," he said in a recent press release, adding that "the region is demonstrating that it is committed to continued market reform, making it an attractive prospect for foreign investment."

The minister said Vietnam is now considered a leading growth economy in the ASEAN region, with opportunities in a range of sectors including infrastructure development, both public and private.

Queensland’s new representative will be based in Austrade’s office in Ho Chi Minh City, and will also work with Queensland’s education and training sector, assisting Queensland’s export performance in Vietnam.

He added that doing business globally meant adapting to different cultures, languages and business practices. Local trade representatives assist Queensland companies with negotiating and developing strategies to address these and other issues.

By providing market advice and on the ground support with logistics, Queensland companies will be well placed to take advantage of these growth economies.

 

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Australia's Queensland sees business opportunities in VN

Companies from the Australian state of Queensland's will soon have
access to local businesses in Vietnam, a growing market where the State
Government is creating an on-the-ground presence to help give Queensland
businesses first mover advantage, Queensland's Trade Minister Stephen
Robertson has said.

According to Minister Stephen
Robertson, Vietnam presents new opportunities for Queensland businesses
looking to expand their base to South East Asia.

"Vietnam recently gained entry into the World Trade Organisation in
January 2007," he said in a recent press release, adding that "the
region is demonstrating that it is committed to continued market reform,
making it an attractive prospect for foreign investment."

The minister said Vietnam is now considered a leading growth economy
in the ASEAN region, with opportunities in a range of sectors including
infrastructure development, both public and private. Queensland’s new
representative will be based in Austrade’s office in Ho Chi Minh City,
and will also work with Queensland’s education and training sector,
assisting Queensland’s export performance in Vietnam.

He added that doing business globally meant adapting to different
cultures, languages and business practices. Local trade representatives
assist Queensland companies with negotiating and developing strategies
to address these and other issues. By providing market advice and on the
ground support with logistics, Queensland companies will be well placed
to take advantage of these growth economies./.

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