Vietnam, New Zealand firms gather to learn TPP opportunities
Leading enterprises from Vietnam and New Zealand have gathered for a trade and industry forum in New Zealand to learn firsthand about business and investment opportunities afforded by the TPP.
A garment production for export purpose. (Photo: VNA)
Auckland (VNA) – Leading enterprises from Vietnam and New Zealand have gathered for a t💮rade and industry forum in New Zealand to learn firsthand about business and investment opportunities afforded by the Trans-Pacific Partnership (TPP).
The forum was co-oganised on February 3 by the Ministry of Industry and Trade (MoIT), the Vietnamese Embassy in New Zealand and the ASEAN – New Zealand Business Council (ANZBC) at Stamford Plaza in Auckland to help enterprises take full advantage of the incentives the deal offers.
Present at the event were Minister of Industry and Trade Vu Huy Hoang, who is in New Zealand to sign the historic trade deal TPP, Vietnamese Ambassador Nguyen Viet Dung, New Zealand Minister of Trade Todd Michael McClay and ANZBC President Alister Lawrence.
During the forum, Minister Vu Huy Hoang briefed attendees on Vietnam’s economic development and the efforts the country is making to integrate regionally and globally.
Hoang highlighted the opportunities the TPP will bring to the two nations. New Zealand is expected to increase purchases of Vietnam’s garments, footwear, woodwork, agricultural products and seafood, while Vietnam has high demand for milk, textile and garment materials, metal, chemicals and equipment, he said.
Le Hoang Oanh, head of the MoIT’s Asia-Pacific Market Department, also updated local firms on the business climate and investment opportunities in Vietnam, followed by a discussion between officials and companies from both sides.
An agreement and two memorandums of understanding between the MoIT and partners from New Zealand were inked during the event in an attempt to boost bilateral trade relations and facilitate business activities between the two sides.
Bilateral relations have made significant progress since the visit of Prime Minister Nguyen Tan Dung to New Zealand in March, 2015 and of New Zealand Prime Minister John Key to Vietnam in July.
Two-way trade rose from 295 million USD in 2009 to 707 million USD last year.
The two countries have together joined the ASEAN-Australia-New Zealand Free Trade Area and the Asia-Pacific Economic Cooperation (APEC) and the negotiations of the Regional Comprehensive Economic Partnership.
Air New Zealand plans to open a direct flight from Auckland to Ho Chi Minh City this year.-VNA
Vietnam is considered the country to reap the most benefit in apparel, footwear, agro-forestry and seafood exports from the Trans-Pacific Partnership (TPP) agreement.
Vietnam needs proper measures to turn opportunities created by the Trans-Pacific Partnership (TPP) agreement into reality and cope with any difficulties, an official has said.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
A garment production for export purpose. (Photo: VNA)
