The Northern Territory's chief minister and the Vietnamese prime minister have met to discuss expanding trade ties, in the first such meeting between the two jurisdictions.
The NT's Chief Minister Adam Giles met the Prime Minister of the Socialist Republic of Vietnam, Nguyen Tan Dung, and the Vietnamese ministers for trade, and industry and agriculture, in Hanoi on Monday.
The relationship between the Territory and Vietnam has improved since the live cattle trade resumed in 2010, with Vietnam an emerging market for Territory live cattle exporters.
The NT has exported 16 shipments of live cattle to Vietnam so far this year, worth $24 million.
"Live cattle exports from the Territory to Vietnam have increased 10-fold in nine months and there is huge opportunity to grow the Vietnamese market even further," Mr Giles said in a statement.
News that makes sense
Your trusted source for staying up-to-date with the world around you. Get free daily news updates and analysis, straight to your inbox.
He said the government was helping Territory exporters and Vietnamese importers to meet the requirements of the live export supply chain quality control system that came into force in Vietnam earlier this year.
The chief minister is on a 12-day visit to Vietnam, China and Japan to encourage foreign investment, particularly in the NT's energy and agricultural sectors.
