<strong>NZ reaffirms economic ties with Viet Nam</strong>

NZ reaffirms economic ties with Viet Nam

Prime Minister Jacinda Ardern met Prime Minister Pham Minh Chinh of Viet Nam for a Prime Ministers’ Summit this week in Ha Noi, Viet Nam. The Prime Ministers reaffirmed New Zealand and Viet Nam’s commitment to working together as strategic partners.

“Viet Nam is an important partner for New Zealand, and their emerging, dynamic market presents many of our businesses with new market opportunities for export growth, which will also provide greater economic security to all New Zealanders,” Ardern said.

“Our priority is to continue supporting businesses, both on this trade mission and back home, to grow further into the Viet Nam market, building on our significant two-way trade relationship already worth over $2.3 billion (NZD) in the year ending June 2022.

“Over the past five years alone, our exports have increased 43% and two-way trade has increased by 59%.

“Prime Minister Chinh and I reaffirmed our commitment to working together as strategic partners and discussed the global inflationary environment that’s driving cost of living pressures on families in the region, as well as agriculture, education and further ways to strengthen our trade and economic relationship.

Prime Minister Jacinda Ardern reaffirmed New Zealand and Viet Nam’s commitment to working together as strategic partners.

“It is also our priority to ensure New Zealand business have access to the workers they need amid a global worker shortage. New Zealand has agreed to permanently double our working holiday scheme cap to 200 places and looks forward to welcoming those additional working holiday makers to New Zealand,” Ardern said.

“We are also working through the Global Research Alliance on Agricultural Greenhouse Gases to support more productive, low-emission food systems. We will be working with Viet Nam to establish a regional measurement hub in Viet Nam to provide infrastructure and training for neighbouring countries on improving emissions measurement in the agriculture sector,” Ardern said.

The Prime Ministers also discussed the importance of advancing their respective ambitious climate change targets, regional and global issues including the outcomes of the East Asia Summit and their priorities for the upcoming APEC Economic Leaders’ Meeting.

“I look forward to the rest of our time in Viet Nam as an opportunity to reconnect New Zealand business and learn more about the opportunities in this rapidly growing and dynamic market,” Ardern said. 

Prime Minister Ardern will be in Viet Nam until 17 November.

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