Spring 2019 Update

On 22 October 2019, the Premier of Victoria announced the opening of the 23rd Victorian Government Trade and Investment (VGTI) office in Ho Chi Minh City, Vietnam.

 

The office is the fourth VGTI in Southeast Asia, and joins with offices in Singapore, Kuala Lumpur (Malaysia) and Jakarta (Indonesia).

Ho Chi Minh City is a key commercial hub for both Vietnam and Southeast Asia. The new VGTI office will enable greater access for Victorian companies to engage with the dynamic Vietnamese market.

In recent years, the Victorian Government has elevated its activity with Vietnam, including trade missions within water, food and vocational education sectors. Victoria has also encouraged an increase in Vietnamese students, visitor numbers and business and investor migrants. This trend is likely to continue in line with the rapid development of the Vietnamese economy, which grew at over 7 per cent in 2018.

Opportunities for Victorian food and beverage exporters to access an expanding consumer class in Vietnam are emerging, and the region's growing desire to upskill the Vietnamese labour force has resulted in an increase of onshore delivery opportunities for the Victorian vocational education and higher education sector.

Vietwater Expo

The Government mandated development of Vietnam’s infrastructure has also created export opportunities for Victoria’s water sector, with eight Victorian companies travelling to Ho Chi Minh City in early-November for Vietwater – Vietnam’s largest water industry Expo. Victorian expertise in the water, liveability and urban infrastructure sector is highly valued by the Vietnamese Government and private sector. The Expo will provide an excellent opportunity for Victorian companies to showcase this expertise.

Want to know more?

Discover more about the opportunities emerging in Vietnam by contacting our regional specialist for Southeast Asia, Chris Hunter.

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