Lam Dong sounds out trade-investment opportunities in Australia

VOV.VN - A delegation from the Central Highlands province of Lam Dong has paid a visit to Sydney, Australia, to promote mutual trade and investment ties.

The delegation held a working session on December 8 alongside Nguyen Dang Thang, consulate general of Vietnam in Sydney, that saw the participation of representatives such as James Fairley of Global Markets (ASEAN & India) Investment New South Wales, Robert Kok, a councilor of the City of Sydney, as well as local government officials, business associations, investors, and enterprises.

Addressing the event, Tran Van Hiep, head of the Lam Dong administration, briefed delegates on the province’s numerous achievements over recent years, noting that with COVID-19 brought under control this year, the local economy recovered quickly and achieved high growth. In addition, its gross regional domestic product (GRDP) per capita this year is estimated to stand at VND75.3 million, equal to US$3,035, the highest in the Central Highlands region.

Notably, total export turnover this year is estimated at US$886.65 million, a figure 8.8% higher than the plan, up 27.3% compared to the same period last year.

Reviewing the economic and trade ties between the province and Australia, Hiep said the locality’s export value to the Australian market remains low, accounting for roughly 0.2% of the province's total export turnover. Of the figure, key export items include green coffee products, fresh flowers, and cashew nuts.

He urged Australian businesses to pay closer attention to co-operation and trade opportunities with Lam Dong, pledging that the provincial government would create favourable conditions for the implementation of trade promotion activities.

According to the official, Australia has strengths in technology, while Lam Dong owns resources and boasts a favourable environment for the further development of high-tech agriculture. He therefore recommended that the government of Sydney and businesses there should consider enhancing technology transfer.

At the event, consulate general Nguyen Dang Thang also called on both Vietnamese and Australian businesses to jointly make better use of the potential and available opportunities to boost bilateral trade.

A mini exhibition showcasing high-quality agricultural products of Lam Dong province, such as Oolong tea, artichoke tea, coffee, jam, pepper, and cashew nuts, was also held on this occasion.