Yesterday I was pleased to meet with Vietnam’s Prime Minister, His Excellency Pham Minh Chinh, in the margins of the UN climate conference in Glasgow (COP26).
Australia and Vietnam share a dynamic Strategic Partnership, based on strong economic, security and people-to-people ties. We share a commitment to trade and investment, liberalisation and economic connectivity. We open a new chapter, with a Joint Statement on our Commitment to Practical Climate Action and the launch of our Enhanced Economic Engagement Strategy.
Together we discussed the importance of a pragmatic approach to climate change action that is in line with each country’s unique situation. The Joint Statement reflects our nations’ results-oriented approach to COP26 and our focus on practical efforts to achieve climate targets, including areas for cooperation as we transition to a low emissions future.
Australia and Vietnam are committed to the rapid take-up of renewables, an active focus on adaptation and resilience, and meeting ambitions for net zero. We reaffirmed our common energy and climate challenges, which included the need to achieve climate targets while supporting energy security.
I was also delighted to finalise the Australia-Vietnam Enhanced Economic Engagement Strategy by signing respective forewords with Prime Minister Chinh. The Strategy is a commitment under our Strategic Partnership and sets out a detailed roadmap to deliver our joint ambition to become top 10 trading partners and double two-way investment. The strategy will be released in the coming weeks.
For more details about the Vietnam – Australia Joint Statement on Commitment to Practical Climate Action, visit pmc.gov.au
