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| Series of programs: Vietnam-New Zealand Trade and Investment Promotion Forum and Conference on Trade and Investment Promotion in Thai Binh Province. (Source: Ministry of Industry and Trade) |
On September 8, in Auckland, New Zealand, the Ministry of Industry and Trade (Vietnam Trade Promotion Agency, Vietnam Trade Office in New Zealand) and the People's Committee of Thai Binh province coordinated with the Embassy of Vietnam in New Zealand, the ASEAN-New Zealand Business Council and the Auckland Chamber of Commerce to organize a series of programs: Vietnam-New Zealand Trade and Investment Promotion Forum and Conference on Trade and Investment Promotion in Thai Binh province.
Speaking at the opening of the Forum, Vietnamese Ambassador to New Zealand Nguyen Van Trung said that the series of programs is a platform for dialogue activities, a space where Vietnamese and New Zealand entrepreneurs and investors can explore untapped potentials in the bilateral relationship, contributing to paving the way for a more sustainable, prosperous and stronger partnership between the two countries.
Speaking at the Forum, Mr. Le Hoang Tai - Deputy Director of the Trade Promotion Department said that the Forum is one of the key activities of the Vietnam Trade and Investment Promotion Delegation. The goal of the Delegation to New Zealand this time is to further promote potential business and investment cooperation opportunities between Vietnamese enterprises and New Zealand enterprises, contributing to the dynamic development of the two countries' economies.
At the Conference on promoting trade and investment in Thai Binh province within the framework of the program series, Mr. Nguyen Quang Hung, Standing Vice Chairman of Thai Binh Provincial People's Committee, introduced the province's outstanding potentials and strengths, especially the advantages of attracting investment in Thai Binh province thanks to diverse factors such as favorable location, synchronous traffic connection, large land fund, abundant human resources, developed industrial park infrastructure, ready to effectively support investors coming to the locality.
Mr. Nguyen Tien Thanh, Standing Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Council affirmed that the Conference on promoting trade and investment in Thai Binh province is of great significance, demonstrating the interest of New Zealand organizations and enterprises in the province's cooperation, investment and business environment in many fields; at the same time, he expressed his wish to soon welcome New Zealand partners and enterprises to research, survey, cooperate, invest and do business in the province and committed that the province will accompany and create the most favorable conditions for investors in the process of implementing projects in Thai Binh.
At the trade session of the program series, agencies, organizations and businesses of Vietnam and New Zealand had the opportunity to discuss diverse import and export needs, place production orders and invest in each other's markets in the fields of infrastructure development of industrial parks, urban areas, real estate, industrial land, construction, housing design, construction materials, agricultural products, food (fresh porridge, beverages, confectionery, seafood), cosmetics, pharmaceuticals, consumer goods, handicrafts, etc.
Since Vietnam and New Zealand established diplomatic relations in 1975 and especially since 2020, the two countries officially upgraded their bilateral relations to Strategic Partnership, economic and trade cooperation between the two countries has continuously developed.
Vietnam is currently New Zealand's 14th largest trading partner and bilateral trade has grown positively at 59% over the past five years, reaching US$1.6 billion in 2022. The two countries have set a target of reaching US$2 billion in bilateral trade by 2024.
Regarding investment, up to now, New Zealand has 39 valid foreign direct investment (FDI) projects in Vietnam with a total registered capital of 209.75 million USD, ranking 39th out of 143 countries and territories with foreign direct investment in Vietnam.
Meanwhile, Vietnam has 11 investment projects in New Zealand, with a total registered capital of 38.4 million USD (focusing on the following fields: processing industry, manufacturing, wholesale, retail, auto repair, accommodation services...).
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