From www.aumanufacturing.com.au: Australia is facing challenges in establishing stronger trade and investment links with Vietnam, which is projected to become one of the world’s top 20 economies by 2050.

Despite the potential for economic diversification and existing Australian investments in Vietnam, the level of Australian foreign direct investment remains low compared to other countries.

The Australian government’s Enhanced Economic Engagement Strategy aims to elevate the trading relationship, yet it lacks enforceable protections and comprehensive support compared to initiatives pursued by other nations.