Since March 2024, the Vietnam–Australia relationship has been elevated to a Comprehensive Strategic Partnership, which is an extremely important move that expands deep cooperation between the two countries across many key areas. In 2025, the two countries launched a future-focused development partnership for the 2025–2030 period, with a focus on sustainable and inclusive economic growth and climate-resilient infrastructure. Based on future development orientations and after a period of discussion and consultation on areas of cooperation aligned with the functions and mandates of both parties, VDB and EFA have decided to sign a MOU to mark the collaboration between the two organizations.
The MOU was signed by EFA Managing Director & CEO, Mr. John Hopkins and VDB General Director, Mr. Dao Quang Truong, under the witness of Mr. Le Van Hoan - VDB Chairman, Ms. Bernedette Thompson - Acting Economic Counsellor at the Australian Embassy in Vietnam and other attendees. This MOU is expected to deepen trade, investment, and economic cooperation between the two countries, while also the exchange of knowledge and experience between the two organizations.
“As part of our support for the Australian Government’s implementation of Invested: Australia’s Southeast Asia Economic Strategy to 2040, Vietnam is one of our highest priority markets", Mr. Hopkins said at the ceremony. He also noted that this MOU creates many new cooperation opportunities in areas such as renewable energy, transportation, and digital infrastructure.
Mr. Le Van Hoan stated at the ceremony that he believes the signing of the MOU will strengthen the cooperative relationship between the two organizations, laying the foundation for potential collaboration opportunities in the future. This will contribute to helping both organizations successfully fulfill the tasks entrusted by the governments of the two respective countries./.
EFA is Australia’s export credit agency. EFA provides commercial finance for export trade and overseas investment and infrastructure development. From small and medium-sized enterprises to large corporates, foreign governments and infrastructure projects, it helps Australian businesses take on the world. In doing so, EFA finance supports Australia’s economic security and regional resilience.