Vietnam’s Market Advantage in Australia

Vietnam's investment in Australia increased five times, from A$155 million in 2008 to A$785 million in 2020. Investment grew strongly between 2010 and 2014, after the ASEAN-Australia-New Zealand Free Trade Area (AANZFTA) entered into force16. In 2019, Vietnamese investors invested more in Australia than in any other country.

Vietnam’s exports to Australia have been growing, reaching US$1.38 billion in the first quarter of 2022, an increase of 32.36 percent against the same period last year.