Mavin group: A highlight in the Vietnam - Australia comprehensive strategic partnership

A reinforced bilateral relationship

During the Annual Leaders' Conference held in Canberra, Australia on March 7, Australian Prime Minister Anthony Albanese and Vietnamese Prime Minister Pham Minh Chinh announced the elevation of the Australia-Vietnam relationship to a Comprehensive Strategic Partnership (CSP).

Accordingly, both countries committed to strengthening their bilateral trade and investment relations, enhancing economic cooperation, and pursuing open trade and investment through global and regional economic integration.

The CSP is also a key actor in allowing Vietnam and Australia to establish the capacity to restore supply chains, and pursue trade diversification to enhance economic recovery capabilities.

The bilateral relationship is further reinforced by strategic trust, mutual respect, and shared ambitions between both countries. In 2023, Vietnam and Australia commemorated 50 years of diplomatic relations.

Opportunities for Vietnamese businesses

The CSP is a pivotal milestone that will support expanded cooperation on climate, environment and energy, and digital transformation based on existing collaboration in defense, security, economic, and educational sectors.

This partnership will also enable additional opportunities for mutually beneficial trade and investment development between Australian and Vietnamese businesses.

Namely, the two countries have reaffirmed their commitment to fully and effectively implementing the Vietnam - Australia Enhanced Economic Engagement Strategy (EEES) as well as additional actions to facilitate Australia's Southeast Asia Economic Strategy until 2040.

More importantly, Vietnam and Australia are committed to promoting market access and trade facilitation measures for both countries, including in agriculture, fisheries, and forestry sectors.

Regarding labor and employment, Vietnam and Australia have committed to enhancing labor mobility, including providing opportunities for Vietnamese citizens to work in Australia and Australian citizens to work in Vietnam.

Both countries have also recognized the importance of promoting a transparent business and legal environment, including support for investment, sustainable finance through capital markets, and other mechanisms.

Vietnam and Australia will continue to expand cooperation in the field of energy and resources through increased trade and investment. Additionally, the two countries will continue to closely collaborate to promote partnerships between businesses, universities, and research institutions in Australia and Vietnam.

Mavin Group to boost exports starting from 2025

Mavin Group is a prominent agricultural and food corporation with significant investment from Australia in Vietnam, featuring 5 livestock feed processing plants, numerous livestock farms, two veterinary medicine production lines, one food processing plant, and over 2,000 employees nationwide.

Since its establishment in Vietnam in 2004, Mavin Group has invested 100 million USD with total assets exceeding 250 million USD.

Mavin Group is currently one of the 500 largest companies in Vietnam, and a Top 10 Leading Agribusiness in Vietnam. The group has won numerous awards from reputable domestic and international organizations over the years.

Mavin Group is currently pursuing a flexible, sustainable, socially responsible, transparent, and comprehensive business model in addition to remaining financially efficient.

Mavin Group is currently implementing a series of large-scale mega-farm projects following a circular economy model in provinces and cities nationwide. These projects were initiated as a response to the government's call towards the Net Zero 2050 target, whereby stakeholders collaborate to achieve the goal of reducing net emissions to "0".

In addition to contributing to the development of Vietnam's agri-food industry towards modernization and sustainability, Mavin Group actively plays a role in connecting Australian businesses with local Vietnamese governments.

On the 50th anniversary of the establishment of diplomatic relations between Australia and Vietnam, Mr. David John Whitehead, Chairman of the Board of Directors of Mavin Group, was selected as one of 50 exemplary individuals who have made significant contributions to promoting the diplomatic relations between the two countries.

Regarding the opportunities that the CSP will bring to Vietnamese businesses, Mavin Group believes that the years following 2025 will present a favorable opportunity to expand its business activities overseas. The company will explore the development of its target export market range, with a special focus on Australia, and the potential to expand towards Europe and the United States.

Mavin Group will also restructure its business sectors, develop research and development capacities as well as digital transformation programs, focusing on export potential in addition to further developing the circular agriculture model in Vietnam.

Businesses have faced significant challenges in the wake of the pandemic. Fortunately, Mavin Group has adapted and shown remarkable resilience in facing adversity to survive, develop, and plan for a sustainable future.