Authorities in northern Thai Binh province have organized a trade and investment conference in Sydney to connect local businesses with Australian partners.

Nearly 80 representatives from Vietnamese and Australian businesses and investors attended the conference.

Chairwoman of Sydney’s Parkland Council Joanna Kubota said there are many opportunities for Thai Binh province and areas of Parkland Council to exchange and cooperate together. The two sides share the common goals of focusing on construction, agriculture, and infrastructure development, she said.

Mr. Luke Magee, President of the Parramatta Chamber of Commerce, said the event is a good start for links between businesses and investors from the two countries. He committed to help Australian enterprises seek cooperative opportunities with businesses in Thai Binh province and Vietnam, especially in the fields of high technology, production, and biotechnology.

The province has ten industrial parks and 49 industrial clusters covering a total of nearly 3,000 ha. Infrastructure construction at these facilities is complete and they are ready to welcome investors, according to provincial authorities.

Thai Binh recorded GRDP growth of 9.52 per cent year-on-year in 2022. Total FDI capital was estimated at $660 million, ranking it 16th out of Vietnam’s 63 cities and provinces.