Saturday, 16 Dec 2017

Boosting trade relation between Vietnam and New Zealand

Updated at Wednesday, 15 Mar 2017, 14:34
The Hanoitimes - Representatives from dozens of New Zealand firms doing business in Vietnam have met with the Vietnamese Embassy’s trade official in Hamilton, Waikato to learn more about Vietnam’s business and investment environment.
The event was jointly organised by the Trade Office under the Embassy of Vietnam in New Zealand, the Voice of New Zealand Exporters (ExportNZ) in Waikato, and the ASEAN – New Zealand Businesses Council (ANZBC).

Commercial Counselor Nguyen Kim Phuong briefed the participants on Vietnam’s recent economic development, business climate, and assistance provided by her office. Meanwhile, ExportNZ and ANZBC informed them about their support for businesses doing business in the ASEAN and Vietnam markets, and their plan to send a delegation of 15 – 20 members to explore Vietnam’s market in 2017.
The Hanoi Trade Corporation (Hapro) delegation meets local enterprises in New Zealand
The Hanoi Trade Corporation (Hapro) delegation meets local enterprises in New Zealand

Other investors in Vietnam also shared their experience in doing business in Vietnam. Waikato is the fourth biggest region of New Zealand with 2.5 million hectares. Its major export lines are milk, meat, farmed fish, forestry and wood products, farm products, among others.

At a working session with the group’s representatives, Vietnamese Ambassador to New Zealand Nguyen Viet Dung spoke highly of the groups’ efforts in penetrating into the foreign country’s market while pledging to support the group, and Vietnamese businesses at large to intensify two-way trade cooperation, striving to lift the two countries’ bilateral trade turnover to 1.7 billion USD by 2020.

The ambassador cited that 2016 would bring enormous favourable elements to boost exports through a number of signed bilateral and multilateral free trade agreements, especially the Trans-Pacific-Partnership (TPP) agreement.

The group also met with several local import-export companies such as the NZTC, Te Mata Winery, Talleys, Ruther Ford and Meyer in an attempt to boost trade cooperation and enhance both sides’ presence in each other’s market. 

Many of the group’s products have received world recognition and brought high export revenue for the company in recent years, including knitwear, farming products, rice, pepper, cashew nut, cassava and handicraft products.
Translated by Anh Kiet
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