The two leaders voiced their delight that Vietnam and Australia have built strategic trust and close cooperation in multiple spheres over the 50 years since the establishment of diplomatic relations.
They shared the belief that bilateral ties will elevated to a new level soon.
Chairman Hue shared his guest’s view that there remains much room for the two countries to enhance cooperation. Thus, noting on the basis of free trade agreements, including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), they can bolster trade and investment ties.
He suggested that aside from maintaining existing supply chains. The countries should create new ones to diversify their markets.
The Vietnamese parliament supports the two countries to strengthen trade and investment partnerships. And hopes that more Australian investors will come to operate in Vietnam, he remarked.
PM Albanese welcomed his host’s recommendations for the two sides to hold more workshops, meetings, and events to share experience in adapting to the Fourth Industrial Revolution. Thus,to increase exchanges to boost mutual understanding between the countries’ legislators and parliaments.
He said that in his position, he will help promote locality-to-locality ties. So that both sides can record even better results.
Moreover, Albanese went on to say that RMIT University has announced the next phase of its investment in education, research, and cooperation in Vietnam, including a strategic investment fund worth 250 million AUD (165.5 million USD).
Vietnam is the fifth biggest source of foreign students in Australia. This in turn is the second largest destination of Vietnamese students. He noted, adding that RMIT University is a role model of their education – training cooperation. And he hopes bilateral ties in this regard will grow more strongly in the future.