As part of the agreement, Vietnamese passion fruit will also gain access to the Australian market, according to a joint statement released on September 10.
During 2023-24, Vietnam’s plum imports soared by 132 per cent, offering an opportunity for Australian producers to tap into this rapidly growing market.
Australia’s agriculture, fisheries, and forestry exports to Vietnam were worth $3.7 billion during 2023-2024, with growing trade for stone fruit to further solidify the relationship with Australia's sixth-largest export market.
This outcome supports the agricultural industry's aim to grow towards becoming a $100 billion sector, and the Australian horticultural sector's aim to become a $20 billion business by 2030.
The next pairing on the trade agenda are Australian blueberries and Vietnamese pomelos, with negotiations well underway.
Vietnam is a key diversification market for Australian exporters and focus of Invested: Australia's Southeast Asia Strategy to 2040.
Julie Collins, Australian Minister for Agriculture, Fisheries, and Forestry, said, “This new market access is a significant milestone for the stone fruit industry and for the Australia-Vietnam trading relationship. Accelerating mutual market access outcomes is a reflection of Australia and Vietnam's strong bilateral relationship and drive to support our agriculture industries to capitalise on export opportunities."
ACIAR aids Vietnam to modernize smallholder farming The Australian Center for International Agricultural Research (ACIAR) has played a key role in helping Vietnam modernize its smallholder farming systems, creating at the same time a strong bilateral relationship benefiting both Vietnam and Australia. |
Australian-Vietnamese collaborations secure $1.45 million to advance agricultural innovation The Australian university sector and Vietnam's innovation ecosystem have been granted an A$1.45 million ($944,000) boost through the Australian government's Aus4Innovation program to develop technological solutions that support sustainable agricultural practices in Vietnam. |
An enduring commitment to premium F&B products from Australia As one of Vietnam's main trading partners, Australia supplies the Southeast Asian country with an expanding range of premium quality products, including meat, seafood, dairy products, wine, and fresh produce. Over the years, Australian products have seen an increasing demand among Vietnamese consumers. |