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The announcement was made after his talks with Prime Minister Nguyen Xuan Phuc earlier today in the central city of Danang on the sidelines of the APEC 2017 Economic Leaders’ Week.
“I am pleased to announce that Australia and Vietnam will enhance our bilateral relationship to the level of a strategic partnership,” Turnbull stated.
The enhanced relationship will enable the two countries to co-operate more closely on a range of issues, including defence, trade, investment, development, education, labour, tourism, law, finance, as well as information and communication.
“Australia and Vietnam will deepen bilateral trade and direct investment, and work together to bring the Trans-Pacific Partnership into force as soon as possible,” Turnbull said. “By bringing our economies closer together, we will drive economic growth and generate jobs in both countries.”
Vietnam is already the fourth biggest source of international students for Australia and its sixth largest market for agricultural products. More than 75 per cent of the bread used for Vietnam’s signature dish, banh mi, comes from Australian wheat.
“We also agreed on closer cooperation on defence and security, including military visits, peace-keeping missions, aviation and maritime security and safety, counter-terrorism, special forces, war legacy issues, and officer training,” Turnbull said.
“I look forward to welcoming Prime Minister Phuc to Australia for the ASEAN-Australia Special Summit in 2018,” he added.