Australian plums to be available in Vietnam

Australian plums will soon be on shelves in Vietnam under the two-way agricultural market access agreement between the two countries that brings Australian plums to Vietnam and Vietnamese passion fruit to Australia, according to the Australian Government.

Passion fruit has become the fifth fruit of Vietnam to be officially exported to Australia, following mango, longan, lychee, and dragon fruit. (Photo: VNA)

Australian plums will soon be on shelves in Vietnam under the two-way agricultural market access agreement between the two countries that brings Australian plums to Vietnam and Vietnamese passion fruit to Australia, according to the Australian Government.

Australia’s agriculture, fisheries and forestry exports to Vietnam reached 3.7 billion AUD (2.5 billion USD) during 2023-2024, with growing trade for stone fruit to further solidify the relationship with the Southeast Asian country, Australia’s sixth largest export market.

The agreement supports the Vietnamese agricultural industry’s target of becoming a 100-billion AUD sector, and the Australian horticultural sector’s 20-billion AUD goal by 2030.

Negotiations are well underway for the next pairing of Vietnamese pomelos and Australian blueberries.

Australian Minister for Agriculture, Fisheries and Forestry Julie Collins described the new market access as a significant milestone for the stone fruit industry, and the Vietnam – Australia trade ties, saying accelerating mutual market access reflects the strong relationship between the two countries, and serves as a driving force to support the Australian agricultural sector to capitalise on export opportunities.

The Australian government is focusing on opening doors for the sector, and this is a positive step in achieving the goal, providing another key market for trade diversification, she added.

Meanwhile, Australian Minister for Trade and Tourism Senator Don Farrell affirmed that bolstering Australia’s trade with Southeast Asia, including Vietnam, is a top priority of the Australian government, stating stronger trade with Vietnam means more jobs, and better wages for workers in the horticulture industry.

Passion fruit has become the fifth fruit of Vietnam to be officially exported to Australia, following mango, longan, lychee, and dragon fruit. Currently, the fruit is available in over 60 countries and territories.

Economy

PVcomBank: Delivering outstanding customer experiences
Economy

PVcomBank: Delivering outstanding customer experiences

Founded in 2013, Vietnam Public Commercial Joint Stock Bank (PVcomBank) is the result of a merger between Petro Vietnam Finance Joint Stock Corporation (PVFC) and Western Commercial Joint Stock Bank (WesternBank). Over the years, PVcomBank has expanded to become the fifth-largest digital bank in Vietnam. Thanks to its commitment to deliver ‘Banking for Everyone’, it now serves over three million customers across various segments in Retail, SME, commercial and corporate.

Vietnamese Business Association in UK sets 2025 agenda
Economy

Vietnamese Business Association in UK sets 2025 agenda

The Vietnamese Business Association in the UK (VBUK) has announced plans to reshape the landscape of Vietnam-UK trade relations, focusing on driving business community forward, fostering its unity and strengthening connections with their Vietnamese partners both at home and abroad.

Bright prospects of Vietnam’s asset management industry
Economy

Bright prospects of Vietnam’s asset management industry

In the dynamic global economic landscape, the asset management sector is emerging as a standout field, with rapid growth fuelled by wealthy, middle-class and high-net-worth investors, transitioning towards professional asset management models and high-tech applications.

Vietnam PMI stands at 49.8 in December
Economy

Vietnam PMI stands at 49.8 in December

The S&P Global Vietnam Manufacturing Purchasing Managers' Index (PMI) dipped below the 50.0 no-change mark for the first time in three months during December 2024, to be at 49.8 from 50.8 in November.