Ho Chi Minh City, Vietnam | 23 December 2025
InnoLab Asia has officially signed a Strategic Memorandum of Understanding (MOU) with the Western Australia Vietnam Business Council (WAVBC), marking an important milestone in advancing bilateral collaboration between Vietnam and Western Australia across trade, investment, innovation, and entrepreneurship.
This partnership reflects a shared vision to build long-term, sustainable economic and innovation linkages between the two regions by enabling market access, strengthening business capabilities, and fostering meaningful connections among enterprises, startups, investors, and key ecosystem stakeholders.
Driving Practical Collaboration Across Two Dynamic Ecosystems
Under the MOU, InnoLab Asia and WAVBC will work closely to develop and deliver joint initiatives that support two-way trade and investment, facilitate cross-border innovation, and accelerate market expansion opportunities for businesses operating in and between Vietnam and Western Australia.
Key areas of collaboration include:
- Promoting and supporting each other’s programs, activities, and initiatives in Vietnam and Western Australia
- Facilitating bilateral trade, investment, and innovation opportunities for enterprises and startups
- Enabling knowledge exchange, business matching, and joint program development
- Maintaining ongoing engagement through quarterly online updates and annual in-person meetings in Ho Chi Minh City and Perth
Shared Vision, Aligned Execution
Speaking on the partnership, Mr. Huynh Cong Thang, Co-Founder & CEO of InnoLab Asia, shared:
This partnership is grounded in a shared belief that cross-border collaboration requires more than intent — it requires trusted partners, aligned vision, and consistent execution. By working closely with WAVBC, we aim to create practical pathways for businesses and innovators to expand across Vietnam and Western Australia, while building long-term value for both ecosystems.
From the Western Australia Vietnam Business Council, Mr. Duc Le, Vice President of WAVBC, emphasized the strategic importance of the collaboration:
This MOU with InnoLab Asia represents an important milestone in strengthening the economic and innovation ties between Western Australia and Vietnam. InnoLab Asia brings deep ecosystem knowledge and strong execution capability in Vietnam, which aligns well with WAVBC’s mission to support two-way trade, investment, and capability building. We look forward to working closely together to create practical opportunities for businesses, entrepreneurs, and innovators from both regions, and to fostering long-term, sustainable collaboration
Advancing Entrepreneurship and Innovation-Led Growth
The partnership will focus on identifying and implementing mutually beneficial initiatives that support entrepreneurship, encourage innovation-driven growth, and enhance connectivity between the Vietnam and Western Australia business ecosystems.
The MOU is effective until 31 August 2028, with the option for renewal by mutual agreement.
About InnoLab Asia
InnoLab Asia is a leading innovation and market expansion platform based in Vietnam, working with governments, corporates, startups, and international partners to drive innovation, entrepreneurship, and cross-border growth across Asia-Pacific and global markets.
About Western Australia Vietnam Business Council (WAVBC)
The Western Australia Vietnam Business Council is a non-profit organization dedicated to strengthening commercial, trade, and investment ties between Western Australia and Vietnam through advocacy, business facilitation, and ecosystem engagement.