Many OVs and Vietnamese entrepreneurs in the European nation are eager to invest in Vietnam, including Ho Chi Minh City. The Vietnam Trade Office in Australia reports that two-way trade turnover between Vietnam and Australia fell by 12% to US$13.75 billion last year due to slow economic recovery, high inflation and exchange rate fluctuations. Of the total trade figure, Vietnam earned US$5.22 billion from exports, representing a year-on-year decrease of 5.3%. The Vietnam Trade Office in Australia says this year it will continue to proactively update market information and deploy trade promotion activities to support firms in taking the full advantage of FTAs to promote exports. The event aimed to remove difficulties and obstacles related to construction investment costs, construction price and construction material price regulations.

Source: Viet Nam News February 03, 2024 10:23 UTC