He made the remarks at a meeting with the Vietnamese Business Association in Australia (VBAA) in Ho Chi Minh City on June 27.
The Deputy PM emphasised the important role of the overseas Vietnamese community, particularly overseas Vietnamese enterprises to national development.
He noted that the Politburo issued Resolution 36 on Overseas Vietnamese in 2004 while the Government issued the Action Plan on Overseas Vietnamese in 2016 which affirmed overseas Vietnamese as an integral part of the nation and a significant factor in the country’s foreign relations.
He also noted that Vietnam and Australia are enjoying a fruitful relationship, recording two-way trade revenue of around US$5 billion.
However, there still remains huge potential for both sides to unlock as Vietnam has an increasing demand for exporting agricultural products to Australia and the advanced education system in the country. Meanwhile, Australia has advantages in high technology and renewable energy sectors which can supplement the Vietnamese economy.
Binh also informed VBAA enterprises about Government efforts in administrative reform and improvements made to the business environment in a bid to attract more overseas enterprises to invest in Vietnam.
VBAA President Tran Ba Phuc expressed his delight with the results of the recently concluded fifth meeting of the 12th Party Central Committee which issued a Resolution on developing the private sector, making it an important driving force for economic development. Thus, the Resolution contributes to boosting overseas Vietnamese confidence to return to Vietnam to do business, Phuc noted.
Phuc said that the VBAA has received many Vietnamese business delegations to Australia to learn about the Australian market and acted as a bridge connecting the enterprises of both countries.
The VBAA has also worked with domestic Government agencies and enterprises to carry out a number of projects in the areas of solar energy, high technology and tourism, Phuc added.
