Vietnam, New Zealand enhance investment cooperation
(VOVworld) - Leading enterprises from Vietnam and New Zealand have gathered for a trade and industry forum in New Zealand to learn firsthand about new business and investment opportunities afforded by the Trans-Pacific Partnership (TPP). The forum was co-organized on Wednesday 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, adding that New Zealand is expected to increase purchases of Vietnam’s garments, footwear, woodwork, agricultural products and seafood, while Vietnam has a high demand for milk, textile and garment materials, metal, chemicals and equipment. 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.