Vietnam and Australia established diplomatic relations on February 26, 1973 and elevatated ties to a Comprehensive Strategic Partnership in March 2024. Bilateral trade reached USD 14.1 billion last year, a year-on-year increase of 2.3 percent.

Currently, Australia is Vietnam's 7th largest trading partner, while the Southeast Asian nation is among Australia's top 10 trading partners.

As of the first half of this year, Australia has had 864 investment projects in Vietnam with a total capital worth USD 3.38 billion, focusing on manufacturing and processing industries, information and communications, and accommodation services.

The official welcome ceremony takes place at the Presidential Palace in Hanoi, September 10, 2025. Meanwhile, Vietnam has poured US$551 million in 93 projects in Australia.

In terms of official development assistance (ODA), in recent March, Australia announced an ODA package for Vietnam worth AUD 96.6 million (over USD 63 million) for the 2025–2026 fiscal year.

Over the 50 years since the establishment of diplomatic relations, Australia's total ODA for Viet Nam has hit more than AUD 3 billion (over US$1.97 billion).

Nearly 500,000 Australian tourists visited Viet Nam in 2024, making Australia one of Vietnam's top 10 tourist source markets.

President Luong Cuong and Australia’s Governor-General Sam Mostyn AC inspect the Guard of Honor at the Presidential Palace in Hanoi, Vietnamese Ambassador to Australia Nguyen Hung Tam described the visit as an important milestone, affirming the determination of both countries to strengthen friendship and cooperation across all areas, particularly political ties, after more than a year and a half since the establishment of the Comprehensive Strategic Partnership between Vietnam and Australia.

For Australia, he noted, the visit reflects a consistent policy of attaching importance and giving high priority to ties with Southeast Asia, including Vietnam.

For Vietnam, hosting the Governor-General demonstrates the country's foreign policy of fostering relations with South Pacific nations, especially Australia – the first Western country to establish diplomatic ties with Vietnam and today a highly effective and positive partner, he said.

The visit will help consolidate strategic trust between the two nations, contribute to peace, stability and development in the region, and further deepen mutual understanding and friendship between the two peoples, the diplomat affirmed.