(VEN) - The 4th session of the Vietnam-New Zealand Joint Committee for Economic and Trade Cooperation recently took place in Hanoi. It was co-chaired by Vietnamese Deputy Minister of Industry and Trade Nguyen Cam Tu and New Zealand Deputy Minister of Foreign Affairs and Trade Andrea Smith. At the session, Vietnamese Deputy Minister of Industry and Trade Nguyen Cam Tu highly rated the bilateral economic and trade cooperation that has been developing steadily over the past years. Bilateral trade came to US$535.4 million in 2011 (up 12.6 percent from 2010) and US$462.4 million in the first 10 months of 2012 (an increase of 6.3 percent from the same time in 2011), of which Vietnam exported goods worth US$147.7 million (up 21.2 percent) and imported goods worth US$314.6 million (up 0.5 percent). As of September 2012, there were 18 effective New Zealand investment projects with a combined registered capital of US$76.39 million (including US$38.9 million in invested capital). These figures … [Read more...] about Vietnam, New Zealand enhance trade, economic cooperation
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Vietnam, New Zealand boost trade, investment
The Vietnam-New Zealand Joint Committee for Economic and Trade Cooperation convened its fourth session in Hanoi on December 3. At the session, co-chaired by Vietnamese Deputy Minister of Industry and Trade Nguyen Cam Tu and New Zealand Deputy Minister of Foreign Affairs and Trade Andrea Smith, the two sides reviewed bilateral economic-trade cooperation and suggested measures to accelerate the implementation of agreements and memoranda of understanding. They discussed issues of bilateral cooperation, including the acceleration of negotiations for a double taxation avoidance agreement and priorities given to Vietnam's agricultural products that enter the New Zealand market. The two sides emphasised the need to continue close bilateral cooperation in various fields such as economics, trade and investment as well as cooperation at multilateral forums, which includes the ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA), the Trans-Pacific Partnership (TPP) … [Read more...] about Vietnam, New Zealand boost trade, investment
Vietnam-New Zealand JV gets nod to mine gold
A Vietnam-New Zealand mining company obtained a license Thursday to mine for gold in Vietnam's central Binh Dinh province. The Binh Dinh New Zealand Gold Company Limited is set to invest US$15 million in developing the Tan Thuan gold mine in Tay Son district. New Zealand's KS Mining Limited (KSML) will contribute 45 percent and the Binh Dinh Biotan Minerals Joint Stock Company the rest. The venture also plans to scale up capital to $100 million if the initial exploration proves successful. According to experts, the Tan Thuan mine has huge reserve of gold but they undisclosed the proven figures. KSML New Zealand is a subsidiary of Zedex Mineral Ltd., the largest shareholder in Canada's Olympus Pacific Minerals, which has a gold mining project in the central province of Quang Nam's mountainous Phu Ninh district. Olympus Pacific Minerals has also just teamed up with two local partners, Mineral Development Co. and Quang Nam Mineral JS Co., to build a $45 million gold … [Read more...] about Vietnam-New Zealand JV gets nod to mine gold
Vietnam, New Zealand agree to build comprehensive partnership
New Zealand attaches great importance to developing cooperation with Vietnam, said Speaker of the New Zealand (NZ) Parliament Lockwood Smith. On September 10, Vietnam’s Party General Secretary Nong Duc Manh visited the NZ Parliament and attended a parliamentary session and banquet hosted by House Speaker Smith. Mr Smith appreciated the Vietnamese Party Chief’s visit which, he said, has helped to deepen multifaceted cooperation between Vietnam and New Zealand. The two leaders agreed to establish a comprehensive partnership and expressed their delight at the fine development of relations between the two countries’ legislative bodies, demonstrated by the establishment of the Vietnam-New Zealand Friendship Parliamentarians’ Group and the reciprocal New Zealand-Vietnam Friendship Parliamentarians’ Group. They said that the legislative bodies of the two countries are playing an important role in promoting cooperation by building a legal framework … [Read more...] about Vietnam, New Zealand agree to build comprehensive partnership
New landmark in Vietnam- New Zealand relations
Party leader Nong Duc Manh has successfully concluded his official visit to New Zealand with the adoption of an important agreement to upgrade bilateral relations to a comprehensive partnership. The agreement presents a new landmark in the Vietnam-New Zealand relationship, opening up great prospects for bilateral and multilateral cooperation. NZ’s Opposition leader, Phil Goff, who was formerly the Minister of Foreign Affairs and Trade said he was impressed by the Vietnamese people’s determination to build the country, the rapidly developing economy and their efforts to sharpen competitiveness. Bilateral trade ties have strongly developed over the past few years and both countries should continue to boost cooperation in such fields as consultancy, aviation, education, training and tourism, said Mr Goff. Entrepreneurs from both countries gathered for the Vietnam-New Zealand business forum held in Auckland, NZ’s biggest city and its primary commercial and … [Read more...] about New landmark in Vietnam- New Zealand relations