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WoolProducers Australia continue to pursue Vietnam opportunities


Last week a delegation from Vietnam, including members of the Nam Dinh province Peoples Committee and representatives of Cat Tuong Group visited Australia to promote investment opportunities.


Cat Tuong Group is a real estate development company that has been tasked with development of the

Aurora Industrial Park within am Dinh Province. The Aurora Industrial Park was assessed as a potential site for early-stage processing of Australian wool as part of the Agricultural Trade and Market Access Cooperation grant (ATMAC) and rated favourably as a potential site in the roadmap for early-stage wool processing in Vietnam.


As part of the visit a MoU was signed between WoolPorducers Australia and Cat Tuong Group at the

conclusion of seminar held in Sydney on 29th May outlining investment opportunities in Nam Dinh province. The MOU establishes a commitment from Cat Tuong Group and WoolProducers Australia to collaborate on matters of mutual interest.


Mr. Tran Quoc Viet, Founder Chairman of the Board of Directors of Cat Tuong Group said “As the developer of the Aurora Industrial Park, we are thrilled to formalise our partnership with WoolProducers Australia through this MOU”. “With the experience of Cat Tuong Group and the preferential policies and support of Nam Dinh province, Aurora IP can meet the expectations of global investors, especially in capturing the shift in the Australian wool value chain”, Mr Tran went on to say.


WoolProducers President, Steve Harrison said, “Vietnam has a worsted wool spinning capacity of around

20,000 metric tonnes, which is around 10% of all the wool that Australia grows! With Australia’s extensive

wool production and Vietnams expanding wool spinning operation we have a common interest in establishing direct trade of Australian wool to Vietnam”.


WoolProducers has been collaborating with the Australian Chamber of Commerce in Vietnam’s AusHub

project to explore opportunities for early-stage processing of Australian wool in Vietnam. Mr Kelvin Le has been acting as the Australian wool industry representative in Vietnam since April 2023. Last month the WoolProducers board approved funding for a 12-month extension of Mr Le’s contract.


“We are delighted to have Kelvin working I the interests of Australian woolgrowers for another 12 months. The signing of the MOU between WoolProducers and Cat Tuong Group further demonstrates our ongoing commitment to continue to work in the interests of Australian wool growers and the growing Vietnamese textile sector”, Mr Harrison said.


Following the seminar and MoU signing in Sydney the Cat Tuong Group representatives travelled to

Adelaide to visit the Michell Wool mill and the Thornby feedlot to observe shearing.


“It was a pleasure to host the Cat Thong delegation in Australia and educate them about how we grow and export the best fibre in the world. We look forward to continuing to pursue opportunities for Australian wool in Vietnam over the next 12 months.” Mr Harrison said.


END

 

WoolProducers Australia contacts:

Adam Dawes                                       

General Manager

0455 442 776


About WoolProducers’ Australia

WoolProducers plays a critical role in working closely with companies and entities funded by woolgrower funds including compulsory levies or fees for service.


Its mission is to develop constructive and profitable outcomes for woolgrowers nationally.


The agency is responsible for appointing a director to each of the Australian Wool Exchange and the Australia Wool Testing Authority, promoting good corporate governance and ensuring that the interests of growers are met.


WoolProducers maintains a working relationship with Australian Wool Innovation as the voice of woolgrower shareholders. It aims to contribute to AWI’s programs for the benefit of growers, promoting responsible use of levy funds and ensuring good corporate governance.


WoolProducers is the sole wool industry member of Animal Health Australia, and as such, carries a significant responsibility for decision making on behalf of the industry in the event of an emergency animal disease outbreak.


As the only wool grower organisation with membership of the National Farmers’ Federation, WoolProducers is responsible for providing key policy advice on behalf of our members, and other wool growers, to Australia’s peak farm body.


WoolProducers also works closely with the Federal Government Departments on key issues such as animal health and welfare, biosecurity, pest management control, natural resource management, drought preparedness, emergency animal disease outbreak preparedness and industry development, including research, trade and logistics.

 

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