Deputy Prime Minister Pham Binh Minh hopes that Vietnam will become one of Australia’s ten largest trade partners and vice versa at a reception for visiting Australian Minister of Trade, Tourism and Investment Dan Tehan in Hanoi on July 13. He expressed his delight at the strong development of the Vietnam-Australia strategic partnership in multiple fields, particularly economy, trade and investment - the focus of the bilateral strategic partnership. The bilateral trade jumped by more than 40 percent year-on-year in the first half of 2021.
Given that both countries are signatories to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Regional Comprehensive Economic Partnership (RCEP), he hoped that Vietnam and Australia will be among the ten largest trading partners of each other.
