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Enhancement of Trade and Investment in Agriculture Between Australia and Vietnam: Opportunities and Challenges

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  • Kim, Kunmin
  • Nguyen, Anh Tru

Abstract

This article highlights bilateral investment and trade between Australia and Vietnam. Through analysis of the situation of trade and investment in agriculture and addressing strengths and weaknesses in agriculture of each country, opportunities and threats in fostering trade and investment in agriculture between the two countries are demonstrated. Results show that geographic, climate conditions, government interests, stable socioeconomic environments, and potential benefits are key opportunities to enhance trade and investment in agriculture between the two countries. However, both countries have to deal with obstacles in requirements of food security, food safety, the competitiveness of the agriculture sector, and issues in trade policies.

Suggested Citation

  • Kim, Kunmin & Nguyen, Anh Tru, 2015. "Enhancement of Trade and Investment in Agriculture Between Australia and Vietnam: Opportunities and Challenges," Asian Journal of Agriculture and Development, Southeast Asian Regional Center for Graduate Study and Research in Agriculture (SEARCA), vol. 15(2), December.
    • Handle: RePEc:ags:phajad:280967
    DOI: 10.22004/ag.econ.280967
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    References listed on IDEAS

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    1. International Monetary Fund, 2017. "Vietnam: Selected Issues," IMF Staff Country Reports 2017/191, International Monetary Fund.
    2. Griffith, Garry & Watson, Alistair, 2016. "Agricultural markets and marketing policies," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 60(4), October.
    3. Rillo, Aladdin D. & Sombilla, Mercedita A., 2015. "Enhancing Agricultural Productivity of CLMV Countries: Challenges and Agenda for Reforms," ADBI Working Papers 542, Asian Development Bank Institute.
    4. Julian M. Alston & Kym Anderson & Philip G. Pardey & Garry Griffith & Alistair Watson, 2016. "Agricultural markets and marketing policies," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 60(4), pages 594-609, October.
    5. World Bank, 2002. "Globalization, Growth, and Poverty : Building an Inclusive World Economy," World Bank Publications - Books, The World Bank Group, number 14051.
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