Vietnam is emerging as a good option for Kiwi exporters looking to diversify where they sell their goods, said New Zealand’s new site 1news.co.nz in a recent article.
Hanoi (VNA) - Vietnam is emerging as a good optionfor Kiwi exporters looking to diversify where they sell their goods, said New Zealand’snew site 1news.co.nz in a recent article.
The article cited the Ministry of Foreign Affairs and Tradeof New Zealand’s report prepared by the Embassy in Hanoi as saying between 2016and 2021, Vietnam led ASEAN in terms of growth per capita. This growth rate ishigher than that of other major ASEAN markets such as Singapore, Malaysia, orthe Philippines
Trade Commissioner Joseph Nelson said Vietnam is a"frontier market" presenting new opportunities, and challenges, toKiwi exporters looking to diversify.
"As Vietnam has come out of its COVID waves, we areseeing a really strong bounce back in the economy. GDP is expected to bebetween 6.5% to 7.5% next year," he said as quoted by the article. "Allthe markets in Southeast Asia are bouncing back quite strongly, but Vietnamdefinitely is the best performing market at this point."
Comments by Chairman and CEO of the KPMG Vietnam WarrickCleine was also cited as saying since the free trade agreements were set upbetween New Zealand and Vietnam, their two-way trade value has grownsignificantly to about 2 billion USD this year.
He said there are three key things in the Vietnamese marketthat will be attractive to New Zealand businesses, namely the local consumermarket, a safe geo-political position, and a great free-trade network.
At present, food and beverage products make up almosttwo-thirds of New Zealand exports to Vietnam. And there's appetite for more, asconsumers there have become more health conscious post COVID.
Fonterra’s head of global foodservice Paul Harvey said theVietnamese markets are not just for well-established businesses.
"I'd suggest to other companies thinking about theirexpansion strategy [to look to Vietnam]. It is a country sizeable in size, easyto do businesses, and consumers are looking for innovation," he said asquoted by the article. "The Government has handled COVID well; fiscalpolicy has been strong; inflation is still in check; consumer spending is onthe rise; borders are open again - so it's a great opportunity now for peopleto be thinking about this country."/.
Minister of Industry and Trade Nguyen Hong Dien had a phone conversation with New Zealand Minister for Trade and Export Growth Damien O'Connor on March 17 to discuss the US’s initiative in building the Indo-Pacific Economic Framework (IPEF).
Vietnam and New Zealand affirmed their commitment to deepening the two countries’ agriculture and trade relationship at the second Vietnam - New Zealand Agricultural Dialogue held virtually on April 6.
The Government of New Zealand has presented two million NZD (nearly 1.26 million USD) from its COVID-19 response fund to support Vietnam’s recovery from the pandemic.
National Assembly (NA) Chairman Vuong Dinh Hue described Vietnam - New Zealand cooperation as highly effective and practical while receiving New Zealand Ambassador Tredene Cherie Dobson in Hanoi on June 14.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
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.
Illustrative photo (Source: VNA) 
