Achievements Vietnam is currently New Zealand’s 16th biggest trade partner and the fastest growing economy among the members of the Association of Southeast Asian Nations (ASEAN), which have trade relations with New Zealand. According to Vietnam’s General Department of Customs, trade in goods between the two countries reached about US$906 million in 2017, a 26.6 percent increase from 2016, including US$425 million worth of Vietnamese exports to New Zealand and US$401 million worth of Vietnamese imports. Including trade in services, bilateral trade revenues increased to US$1.2 billion in 2017, a 37 percent increase from 2016. The figure stood at US$779 million in the first nine months of this year, a 10.8 percent increase from a year ago, including US$357.8 million worth of Vietnamese exports and US$421.2 million worth of Vietnamese imports. In terms of investment, New Zealand currently has 32 direct investment projects in Vietnam with total registered capital of US$102.8 … [Read more...] about Vietnam, New Zealand see robust growth in trade relations
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Vietnam, New Zealand to further facilitate two-way trade, investment
The agreement came at the sixth meeting of the Vietnam-New Zealand Joint Trade and Economic Commission (JTEC) in Hanoi. The event was chaired by Vietnamese Deputy Minister of Industry and Trade Tran Quoc Khanh and Deputy Secretary for trade and economic affairs at New Zealand’s Ministry of Foreign Affairs and Trade Vangelis Vitalis. The two sides exchanged views about issues of mutual concerns and priorities for cooperation in economics and trade amid the unpredictable changes in regional and global trade. Vietnam and New Zealand holds the sixth meeting of the Joint Trade and Economic Commission (JTEC) in Hanoi. They agreed to reinforce cooperation in the fields of hi-tech agriculture, commercial farming, human resources training, tourism and e-Government, and to step up coordination in promotion of trade, investment and tourism. Vietnam asked New Zealand to provide further support for its localities in developing value chains for fruits, pepper, coffee, cashew … [Read more...] about Vietnam, New Zealand to further facilitate two-way trade, investment
Vietnam & New Zealand trade to reach $1.7- 2bn by 2020
Prime Minister Nguyen Xuan Phuc and his New Zealand counterpart Jacinda Ardern agreed on major directions to boost future Vietnam-New Zealand cooperation in all fields during their talks in Auckland on March 13, the Vietnam News Agency reports. Overview of the talks between PM Nguyen Xuan Phuc (3rd from right) and PM Jacinda Ardern (2nd from left). Photo: VNA In politics, the two sides agreed to maintain exchanges of delegations, especially high-level delegations, while strengthening people-to-people exchanges. In the spirit of the occasion, Prime Minister Phuc invited Prime Minister Ardern to visit Vietnam at an appropriate time and conveyed State President Tran Dai Quang’s invitation to New Zealand’s Governor-General to pay a State visit to Vietnam. The two sides also agreed to implement the Action Programme for the 2017-2020 period in an effective manner and to soon organize the sixth meeting of the Joint Committee on economic and trade cooperation in Hanoi and … [Read more...] about Vietnam & New Zealand trade to reach $1.7- 2bn by 2020
CPTPP to tighten Vietnam-New Zealand partnership
The Hanoitimes - H.E. Wendy Matthews, New Zealand’s Ambassador to Vietnam shared with Hanoitimes the CPTPP’s benefits for mutual co-operations. What are the potential areas for further co-operation between Vietnam and New Zealand? Well this is what I love about my job: that we already have a great partnership with Vietnam yet there are a lot of opportunities left. Particularly, I am thinking of the trade and economic area, as well as education, but we also see a phenomenal rise in people-to-people tourism links. Without a doubt, there are plenty of benefits to both Vietnam and New Zealand, which is great to see. New Zealand certainly wants to strengthen co-operation across the board. We have seen a really high level of political commitment, as demonstrated by our very new prime minister coming to the APEC only two weeks after her inauguration last year. The two nations are also maintaining great trade and economic partnership as two-way trade is up 18% on-year. We are … [Read more...] about CPTPP to tighten Vietnam-New Zealand partnership
Vietnam, New Zealand continue cementing defense ties
At the reception hosted by Sr. Lt. Gen. Giang for Air Vice Marshal Tony Davies, Vice Chief of Defense Force of New Zealand On behalf of the Ministry of National Defense’s leaders, General Giang hailed the working visit of New Zealand’s senior officer and stressed the effective implementation of the bilateral defense ties in various fields, making active contributions to the Vietnam-New Zealand comprehensive partnership. On the occasion, General Giang thanked the Defense Ministry of New Zealand for English training programs for Vietnamese troops. For his part, Air Vice Marshal Tony Davies thanked the host for a warm reception and informed him of his earlier talks with Senior Lieutenant General Nguyen Ngoc Minh, Deputy Chief of the General Staff of the Vietnam People’s Army, during which the two sides discussed and agreed on cooperation contents for the coming time. At the talks Valuing highly the outcomes of the aforementioned talks, General Giang … [Read more...] about Vietnam, New Zealand continue cementing defense ties