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 trade 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.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
A garment production for export purpose. (Photo: VNA)
