Driven by the growth in exports, domestic demand, foreign investment, and the manufacturing sector, Vietnam’s GDP grew by 7.08 percent in 2018, the fastest in the last decade.
Major sectors
Agriculture-forestry-fishery
The agri-forestry-fishery sector grew by 3.76 percent in 2018, accounting for 8.7 percent of the total growth. The fisheries sector grew the fastest...
Australia will assist Vietnam in enhancing its innovative ecosystem through a development assistance programme named Aus4Innovation, which was launched on January 10.
The 10 million AUD (7.1 million USD) programme aims to build long-term partnerships between Australian and Vietnamese scientists and researchers, and help the Vietnamese Government and people embrace...
Trade between Vietnam and Australia in recent years has risen by nearly 10 percent a year on average. Australia is the eighth biggest export partner and the 12th biggest import partner of Vietnam. Vietnam is also the 14th largest trade partner of Australia in terms of both imports and...
In 2018, the Vietnamese government passed several new and amended laws which are going to come into effect in 2019. The laws primarily focus on wages, environmental projects, food industry, rural development, cybersecurity, and administrative procedures.
Labor
Minimum Wage
According to Decree No. 157/2018/ND-CP, the regional minimum wage in Vietnam as of January...
Vietnam recently announced new rules governing the management of medical devices.
From January 1, 2019 – all medical devices sold in Vietnam will require approval by local authorities. Previously, the assessment of the risks and classification of medical devices by international qualified bodies were recognized by the government of Vietnam.
Government...
Vietnamese expatriates in Australia raised opinions and expressed their aspirations while meeting with officials of the Viet Nam Fatherland Front (VFF) Central Committee in Sydney on December 7.
Tran Ba Phuc, Chairman of the Viet Nam Business Association of Australia (VBAA), said the Vietnamese community here number more than 320,000,...
According to the 2018 Hinrich Foundation Sustainable Trade Index, which measures the capacity of countries to participate in the international trade system in a way that supports sustainable development, Vietnam ranked ninth in 2018, up two places from 2016.
The study was released by a non-profit foundation Hinrich foundation and the research firm The...
Ho Chi Minh City hopes the Australian Political Exchange Council to continue supporting cooperation between Australia and Vietnam in general and with Ho Chi Minh City in particular, especially in investment, trade, education, tourism and youth exchange.
Vice Chairman of the municipal People’s Committee Huynh Cach Mang made the wish...
Kymdan latex mattress exported to Australia has been approved as an Osteopathy Australia endorsed product, which can support treatment in the field of osteopathy.
It is the first and only brand of mattress of an Asian firm to earn the recognition.
Chairman of the Vietnamese Businesses Association of Australia (VBAA) Tran...
With its rising costs, China is no longer the go-to destination for many businesses, and Vietnam has arisen as a serious competitor. Recent trends show that the number of orders shifting from China to Vietnam has seen a significant increase. For example, China’s Pearl River Delta, long known as one of...