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West Australian Vietnam Business Council Inc.
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About Us
Promoting and supporting the development of bilateral trade and investment between Australia and Vietnam
The West Australian Vietnam Business Council (WAVBC) promotes and supports the development of bilateral trade and investment between Australia and Vietnam. We are proud to have a pivotal function in providing invaluable business and cultural support to our members’ by encouraging cultural exchanges between the business communities of Western Australia and Vietnam.
The WAVBC actively co-ordinates an annual program of business seminars, networking, and social functions within Western Australia.
WAVBC Activities
The WA Vietnam Business Council hosted its first 2024 Spring Series Event on Thursday night at the Novotel Hotel in Perth. The event was very well supported and our two guest speakers Graham Rigo – Executive Projects – Blackstone Minerals and Mundi Puvanendran – Managing Director – Prime Global Logistics provided very informative presentations about the challenges they have faced in setting up and operating their respective businesses in Vietnam. Their presentations will soon be available on our website.
To kick off our 2024 Spring Series of Events we are very pleased to welcome two very special guest presenters. Setting up and running a business of any type in Vietnam will always present challenges for this event our guest presenters two opposite ends of the process.
Blackstone Minerals has 90% share in Ta Khoa (160kms from Hanoi) a modern nickel mine built to Australian standards that commenced in 2013, whereas Prime Global Logistics have only just opened an office in Ho Chi Minh City to support ….
The WAVBC Committee hosted the first WAVBC Social Networking Evening for 2024 at the Terrarium Bar in Perth on Wednesday night. The evening was well attended, and our members and friends were given an update of some of the key appointments and activities that have taken place already this year. They included:
· Appointment of Naomi Campbell as WAVBC Partnerships & Marketing Manager
· Appointment of Tuan Viet Nguyen – Our second WAVBC HCMC Ambassador….
Today in Ho Chi Minh City a ‘Cooperation Agreement’ was signed between the WAVBC and the Vietnam Business Club ASEAN Global (VNAG). With VNAG having over 2,000 members in Vietnam this now provides a great opportunity for the WAVBC to extend its B2B networks into Vietnam whilst also adding value to the WAVBC membership.
Vietnam News
Designing Việt Nam’s digital asset exchanges for a 24/7 global market
Digital asset trading in Việt Nam, already widespread among retail users, is poised to be brought within a regulatory framework under a pilot regime set out by Government policy.
Sharp market swings put investor protection mechanisms in focus
Since mid-October, the market has exhibited increasingly negative behaviour, with the index repeatedly losing ground and logging its strongest downward move since October 20.
All business-related administrative procedures must be conducted online by end of 2025: PM
Prime Minister Phạm Minh Chính has encouraged enhanced efforts to ensure that 100 per cent of administrative procedures related to businesses are conducted online by the end of this year to further improve the business environment.
Official describes VIFTA as new driving force for Việt Nam – Israel trade
The Việt Nam – Israel Free Trade Agreement (VIFTA), which officially took effect in November 2024, has given a significant boost to bilateral trade, with the turnover estimated at over US$3.7 billion in 2025, according to Vietnamese Trade Counsellor in Israel Lê Thái Hòa.
PM hands over decision appointing Acting Minister of Industry and Trade
PM Phạm Minh Chính praised Lê Mạnh Hùng’s more than 27 years of expertise, robust leadership, strategic foresight, creative mindset and hands-on experience in state administration and corporate governance.
Insurance sector assets projected to reach VNĐ1.1 quadrillion by year-end
Việt Nam’s insurance industry is expected to see its total assets rise to about VNĐ1.1 quadrillion (US$43.3 billion) by the end of 2025, according to the Vietnam Insurance Association.
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Today in Perth, WAVBC Executive Director Edmund Damouni met with the Perth Based Vietnam Consul General Ms Nguyen Thanh Ha to sign the ‘Book of Condolences’ in memory of His Excellency Nguyen Phu Trong, General Secretary of the Communist Party of Viet Nam.