Vietnam-Australia trade rises 4.7 percent each year: MoIT

Last year, trade between the two countries reached US$5.26 billion, up 6.5% from 2015, with Vietnam’s trade surplus sitting at US$480 million.

During a conference held by the Department of Asian Market on August 31, the MoIT said that Australia has high demand for goods from Asia-Pacific and has become an important market for Vietnam.

Popular Vietnamese exports to Australia include aquatic products, consumer goods, apparel, footwear and wooden products due to preferential tax deals in the ASEAN-Australia-New Zealand Free Trade Area, added the ministry.