With the influx of migrants, particularly from Vietnam, Australia will continue to see a position economic impact in the future.

Rising incomes and a growing food manufacturing sector are expected to drive strong growth in consumption of agricultural products in Vietnam over the next decade.

Australian visas allow a foreign investor to stay in Australia for up to five years if they invest at least A$5 million into approved investments and intend to hold the investment for the life of the visa.

Vietnam's investment in Australia increased five times, from A$155 million in 2008 to A$785 million in 2020.

Australia set to double its foreign investment fees.

Vietnam is one of the major emerging markets in this economy.