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

Author

Listed:
  • Kim Kunmin
  • Anh Tru Nguyen

    (Faculty of Accounting and Business Management, Vietnam National University of Agriculture, Trau Quy, Gia Lam, Ha Noi, Viet Nam)

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 & Anh Tru Nguyen, 2018. "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), pages 93-108, December.
    • Handle: RePEc:sag:seajad:v:15:y:2018:i:2:p:93-108
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    More about this item

    Keywords

    Vietnam; Australia; challenges; opportunities; investment; trade; agriculture;
    All these keywords.

    JEL classification:

    • Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity

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