VN provides successful lesson on economic growth

Vietnamese National Assembly Chairwoman Nguyen Thi Kim Ngan (R) shakes hands with Australian Senate President Scott Ryan, Ha Noi, January 21, 2019  - Photo: Quochoi.vn

Vietnamese National Assembly Chairwoman Nguyen Thi Kim Ngan held talks on January 21 with Australian Senate President Scott Ryan who was on an official visit to Viet Nam. 

The Vietnamese top legislator warmly welcomed the Senate President, highly speaking of the visit which would contribute to consolidating and deepening the Viet Nam-Australia StrategicPartnership. 

The two leaders expressed their pleasure at the developments in the bilateral ties since the diplomatic establishment 45 years ago. Especially, the bilateral ties were elevated to strategic partnership in March 2018, serving to generate an important legal framework for the relations. 

Viet Nam asserted Chairwoman Ngan always respects for boosting ties with Australia. 

Regarding economics, trade, investment, and ODA, both sides were pleased with the effective cooperation among the two Governments and the upgrading of the strategic partnership. In addition, the two sides formulated three new regular dialogue mechanisms (including diplomacy, national defense, and economics). Two-way trade turnovers have yearly grown 7%. So far, Australia has 426 FDI projects worth US$ 1.9 billion in Viet Nam, marking it the 19th largest investor out of 1298 countries and territories doing business in Viet Nam. 

The top legislator also praised Australia for facilitating Vietnamese fruit and agro-fishery exports. She also pledged to support Australian investors to set footholds in such areas as energy, infrastructure, telecom, finance, banking, mining, high-tech agriculture, education, and tourism in Viet Nam. She also vowed to encourage Vietnamese businesses to seek investment opportunities in Australian localities namely Queensland, Victoria, New South Wales, and North Australia.

According to Ms. Ngan, in 2018, the Vietnamese National Assembly ratified the CPTPP which took effect since January 1, 2019. The host leader was convinced that the agreement would help promote economic linkages. 

In terms of national defense and security, the two sides agreed that the cooperation has become practical especially in English teaching, peace keeping mission, anti-terrorism, and transnational crime prevention. 

The top legislator also took the occasion to treasure Australian Government for backing Viet Nam’s bid for a non-permanent seat at the United Nations Security Council in the 2020-2021 term. 

In reply, Australian Senate President Scott Ryan hoped that respective students, businessmen, and workers would become ambassadors who contribute to consolidating the bilateral ties in the future. 

The Senate President said that Viet Nam provide a successful lesson of economic growth. Countries have different development indexes. However, it is important to create positive changes for people and the community towards better lives. He also affirmed that Australia always stands side by side with Viet Nam in the process. The Austrian Government and National Assembly promises to support Viet Nam in such areas as manpower development and policy making. The guest leader also hoped that the two sides would be able to utilize CPTPP. 

The Senate President also approved of further cooperation between the judiciary branch in information sharing and delegate exchanging./. 

By Kim Anh