This progress will focus on institutional development, infrastructure and human resources, and will be accompanied by simplifying administrative procedures and reducing costs for investors, he stressed.
Minh Chinh spoke today at the Vietnam-Australia Economic Forum, where he also assured that his country will protect the legal and legitimate rights and interests of companies and investors, and reiterated that economic, trade and investment cooperation is an important pillar of the bilateral relations.
On the other hand, the senior government official urged to promote cooperation in investment, export and consumption and expand ties with new sectors such as digital transformation, green transition and circular and knowledge economy based on innovation, science and technology.
According to the VNA news agency, he also hoped that the two parties would further intensify cooperation in the areas of personal exchanges, tourism, culture and education.
The forum also provided an opportunity for Vietnamese airline Vietjet to announce the start of operations on a new route that will connect Melbourne with Hanoi and will be open from June 3 with two return flights per week.
As part of the visit program, Minh Chinh Chinh also attended the opening of the Australia-Vietnam Policy Institute at RMIT University in Melbourne today.
There he reiterated his confidence that this institution will participate in the political consultation of the two governments in order to promote bilateral relations in all areas more deeply, substantively and effectively.
The Vietnamese leader arrived in Melbourne the day before to attend the special summit marking the 50th anniversary of dialogue relations between the Association of Southeast Asian Nations (ASEAN) and Australia and to pay official visits to that country and New Zealand in a tour that will last until March 11.
lam/mpm