Practical tips for commercial collaborations driving sustainable development in Australia and Vietnam

Commercial cooperation in science, technology and innovation for socio-economic development is a key priority of the Australia-Vietnam bilateral relationship. Across both countries, business and technology leaders are collaborating to innovate and develop commercial solutions that advance critical action in environmental sustainability and social inclusion. Still, this remains largely an untapped market with promising opportunities between the two nations.

This business briefing brought together 12 business and technology leaders from Australia and Vietnam to discuss areas of collaboration, with the aim to stimulate more commercial opportunities between both countries which are SDG-aligned. Leaders provided practical tips that were shared with AVPI’s stakeholders and people considering long-term sustainable investing in Australia and Vietnam. The intent of the roundtable was to have a cross-sectoral discussion involving, and not limited to, businesses in sustainable food production and agriculture, blue economy, and other technologies supporting environmental sustainability and social inclusion.

The Business Briefing:

• Increased understanding about what it means for businesses to be SDG-aligned.
• Increased understanding of consumer appetite and demand for sustainable solutions, and unpack localisation requirements.
• Heard from business leaders already engaged in-market, and those looking to enter Australian or Vietnamese markets.
• Discussed opportunities and barriers for commercial collaboration in respective markets.
• Shared existing support and mechanisms available to Australian and Vietnamese businesses looking to identify and explore developing a commercial collaboration to support their ventures in-market.

This business briefing was delivered by the Australia-Vietnam Leadership Dialogue and was the second in a series facilitating discussions around key sectors identified in the Australia-Vietnam Enhanced Economic Engagement Strategy. This business briefing specifically explored the AVEEES’s Science, Technology and Innovation; and Digital Economy pillars.

Opened to business leaders, researchers, entrepreneurs and start-up leaders who have hands-on experience developing commercial partnerships leveraging technology and innovation  to drive sustainable development in Australian and/or Vietnamese markets.