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"Vietnam: Opportunities and challenges" seminar held in Australia
Thu Minh 08:30, 2016/10/15
A seminar to highlight opportunities and challenges in the Vietnamese market has been organised by the Asia Society and Australia - Vietnam Young Leadership Dialogue in Sydney, Australia.
 
At the conference.
At the conference.
The conference was attended by Vietnamese Ambassador to Australia Luong Thanh Nghi and representatives from more than 100 enterprises and organisations interested in Vietnam. 
Speaking at the event, Vietnamese Ambassador to Australia Luong Thanh Nghi briefed participants on the Vietnam's socio-economic development, as well as the nation’s important achievements during 30 years of renewal. 
Vietnamese Ambassador to Australia Luong Thanh Nghi speaks at the event.
Vietnamese Ambassador to Australia Luong Thanh Nghi speaks at the event.
Vietnam has become a middle-income country, with an average annual growth of over 6 percent in many years and people’s improved living conditions, the diplomat noted, adding that the country is also integrating into the world intensively and extensively. 
However, the ambassador also told a number of challenges facing the country amidst the complicated world situation and slow global economic recovery. 
In the time ahead, Vietnam will focus on reforming the economy, restructuring State-owned enterprises and creating favourable conditions for foreign investors, the diplomat affirmed. 
The ambassador stressed the effectively growing ties between Vietnam and Australia in all fields, noting that Vietnam is the fastest growing trade partner of Australia among ASEAN countries. 
During the seminar, participants also discussed opportunities for Australian firms in Vietnam as well as their experience in the market. Delegates mentioned Vietnam’s great economic potentials with its strategic location, improving investment environment and young workforce, especially the country’s signing of many free trade agreements, including that with the EU and the Trans-Pacific Partnership. 
On the occasion, the Australia - Vietnam Young Leadership Dialogue (AVYLD) officially became operational as an initiative of some Vietnamese - Australian youngsters.
The AVYLD aims to promote the mutual understanding between the people of Vietnam and Australia, especially the youth. 
The non-profit forum is supported by the Australian Government through the Australia-ASEAN Council and other partners. The first dialogue is scheduled to be held in May 2017.
 
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