HCMC expands cooperation space between Vietnam and Australia

The 'Meet Australia 2026' program signifies a pivotal moment in the deepening relationship between Vietnam and Australia, particularly highlighting Ho Chi Minh City's ambition to expand its cooperative horizons. This initiative moves beyond traditional economic ties to foster collaboration in critical future-oriented sectors like green energy and innovation.

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Australia is currently one of the important investors in Vietnam, with great room for cooperation compared to the actual potential of the two economies.

As a leading investor in Vietnam, Australia's engagement is highly valued. The Vietnamese government, represented by Deputy Minister of Foreign Affairs Nguyen Manh Cuong, views Australia not just as a financial investor but as a strategic partner capable of contributing to Vietnam's technological ecosystem and human capital development. This perspective is crucial for Vietnam's transition towards a more innovation-driven economy.

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We desire to see more Australian businesses invest in Vietnam not only as financial investors but also as strategic partners participating in building technology ecosystems, innovation, and high-quality human resource training.

Ho Chi Minh City's proactive approach, as articulated by Vice Chairman Nguyen Loc Ha, emphasizes building enduring partnerships that translate vision into concrete projects. The city's existing collaborations with Australian states and territories provide a strong foundation for this expanded engagement. The focus on creating shared development value resonates with Vietnam's broader goals of sustainable and inclusive growth.

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Ho Chi Minh City not only wants to attract investment but also wishes to collaborate with Australian partners to build a long-term cooperative ecosystem, turning vision into specific development programs, projects, and values for both sides.

Furthermore, the involvement of Vietnamese enterprises like Becamex, as highlighted by its CEO Nguyen Hoan Vu, showcases a forward-looking strategy. The development of smart industrial parks and logistics infrastructure, aligned with international ESG standards, demonstrates Vietnam's readiness to attract high-tech investment and move up the global value chain. This collaboration is essential for realizing Vietnam's potential in advanced manufacturing and technology.

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Becamex is accelerating the development of a new generation industrial ecosystem, including science and technology industrial parks, innovation parks, smart cities, and green logistics infrastructure. Projects need to meet international ESG standards, aiming to attract high-tech investment, especially in the fields of electricity-electronics, semiconductors, and advanced manufacturing.