While there the PM emphasised Australia’s commitment to our regional partner with an important package of new overseas development assistance, including the expansion of our Aus4Innovation Program.
“Today, Prime Minister Chinh and I discussed the future of our relationship, and how we are now working together to address the challenges ahead. Challenges of security, challenges of dealing with climate change. I'm pleased to announce that Australia will be stepping up our support for Vietnam's energy transformation, with an important package of new overseas development assistance of $105 million for supporting sustainable infrastructure planning, for stimulating private investment in clean energy infrastructure, and delivering technical assistance to develop Vietnam's critical minerals sector.
I'm also very pleased to announce an expansion of the Aus4Innovation program, under which Australia's CSIRO will collaborate with its Vietnamese counterparts, to build partnerships to commercialise joint scientific research in areas like applied agriculture and food research.” - Prime Minister Albanese said.
The extension of the Aus4Innovation program makes it a 10-year $33.5m initiative aimed at supporting Vietnam's innovation System. The Aus4Innovation Program is delivered in partnership with Vietnam’s Ministry of Science and Technology and demonstrates a long-term commitment by the Australian Government and CSIRO to engage with the region to develop world-leading science.
Read the full press statements - PRESS STATEMENTS - VIETNAM
Learn more about Aus4Innovation.