Australia and Vietnam Elevate Economic and Strategic Ties
In a significant move, Australia and Vietnam have upgraded their relationship to a comprehensive strategic partnership, marking a new chapter in their bilateral ties.
- Australia and Vietnam's trade has surged 75% in two years, reaching AU$25.7 billion in 2022.
- The upgrade to a comprehensive strategic partnership is the highest level of cooperation Vietnam enjoys with any country.
- The move is part of Australia's strategy to diversify trade away from China, amid concerns over Chinese economic practices.
- The partnership includes cooperation in defense, maritime security, cyber security, and critical technology.
- Both nations expressed concern over the situation in the South China Sea, reaffirming their commitment to security and peaceful dispute resolution.
CNBC 
Financial Post 
South China Morning Post 
The Seattle Times 
Associated Press 