Vietnam seeks Australia s technical support in four key financial areas
Minister of Finance Ngo Van Tuan has held bilateral talks with Australian Treasurer Jim Chalmers to review financial cooperation and agree on future technical and multilateral coordination
Vietnam's finance minister, Ngo Van Tuan, has sought Australia's technical expertise in four key financial areas during discussions in Australia on August 11. The minister commended Treasurer Chalmers for his contributions to economic policymaking and budget management, noting that the upgrade of bilateral relations to a Comprehensive Strategic Partnership in March 2024 had created a framework for broader cooperation in the economy, finance, energy transition, and sustainable development.
The Minister of Finance presented an overview of Vietnam's economic performance, highlighting an 8.18% GDP growth rate in the first half of 2026, the highest six-month increase in 15 years. The Ministry of Finance is pursuing a flexible fiscal policy, focusing on infrastructure and social welfare while maintaining budget discipline and public debt safety.
The two ministers welcomed the transition from general exchanges to practical technical activities in bilateral cooperation, with the Financial Policy Dialogues in 2024 and 2025 facilitating the exchange of valuable experience in macroeconomic management, market supervision, and sustainable finance.
For 2026-2028, Vietnam proposed that Australia provide technical assistance and policy advice in four key areas: budget and fiscal management, tax policy and economic management, financial market development, and climate finance. Regarding multilateral cooperation, Australia was praised for leading the fiscal policy pillar under the Incheon Plan for 2026-2030. The minister invited Treasurer Chalmers to visit Vietnam and participate in the 2027 APEC Finance Ministers' Meeting in Halong.
Australian Treasurer Jim Chalmers expressed Australia's commitment to supporting Vietnam's development goals through various channels, including ministerial-level mechanisms, embassies, and partner organizations. The talks concluded on a constructive note, providing a boost for specialized agencies to translate the agreed areas of cooperation into concrete initiatives and timelines in the future.
Australia aims to boost market access for kangaroo meat and lychees in Vietnam, with the country seeking stronger investment in joint research projects.
Written by urgent.news from Vietnam Investment Review's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
