Increasing economic collaboration between Vietnam and New Zealand

Within the framework of New Zealand Prime Minister Jacinda Ardern’s November 14-17 official visit to Vietnam, the New Zealand Embassy in Vietnam collaborated with appropriate ministries to organize events to boost business cooperation between the two nations.

On the morning of November 15, the New Zealand Embassy in Hanoi collaborated with the Ministry of Planning and Investment (MPI) and the Ministry of Industry and Trade (MoIT) to host the Vietnam-New Zealand Business Dialogue.

Minister of Industry and Trade Nguyen Hong Dien and New Zealand’s Minister for Trade and Export Growth Damien O’Connor co-chaired the dialogue. The event was part of Prime Minister Ardern’s tour to Vietnam, which was at the invitation of Prime Minister Pham Minh Chinh and aimed at fostering bilateral relations.

Prime Minister Ardern stated at the opening ceremony, “It is genuinely remarkable to see that despite the disruptions and difficulties caused by COVID-19, New Zealand-Vietnam trade relations have continued to expand, flourish, and be strengthened.”

She underlined that bilateral commerce in goods had expanded by 59 percent over the past five years, reaching $1.46 billion by the end of June 2022. She opined that by working together, the two nations may seize further prospects for growth.

“Today’s conversation focuses on discovering new development areas and opportunities for partnership. She stated, “Of course, I also encourage Vietnamese business delegations to visit New Zealand.”

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In conjunction with the Ministry of Agriculture and Rural Development (MARD), the New Zealand Embassy hosted the AgriConnectioNZ Dialogue and Exhibition: Strategic Partnership in Agriculture in the afternoon of the same day.

PM Ardern, Minister of Trade and Export Growth Damien O’Connor, and Minister of Agriculture and Rural Development Le Minh Hoan attended the occasion. Numerous firms and investors from both nations participated in the event and provided feedback.

At the conclusion of the event, a number of agricultural cooperation agreements were signed between the two countries, including the announcement of Vietnam’s lemon and pomelo exports to New Zealand and the MoU Partnership Priority Agreement between TH true Milk and Waikato Milking Systems.

The purpose of these events within the context of the visit is to expand commercial potential between the two nations, particularly in the agricultural sector.

In June 1975, Vietnam and New Zealand established diplomatic relations, which were elevated to a Comprehensive Partnership in September 2009. In July of 2020, the two nations will officially elevate their relationship to a Strategic Partnership, creating new momentum for bilateral collaboration.

The two nations’ implementation of FTAs, especially the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership and the Regional Comprehensive Economic Partnership, has been closely coordinated.

Prime Minister Ardern’s official visit to Vietnam has contributed to the deepening of the Vietnam-New Zealand Strategic Partnership, thereby supporting peace, stability, and prosperity in the Indo-Pacific.

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