New Zealand, Vietnam trade at $500 mln

Vietnam’s trade with New Zealand last year was worth US$500 million, with New Zealand’s exports rising 33 percent to $300 million.

This was the fifth largest rise in New Zealand’s exports to any country, Graham Sims, the country’s ambassador to Vietnam, said.

New Zealand’s main exports to Vietnam were milk, food, and timber, while in the opposite direction it was mainly wooden products, apparel, and footwear.

Many New Zealand firms are looking for partners and investment opportunities in Vietnam to take advantage of the cheap labor and government incentives, Sims added.

Meanwhile, a conference to establish investment and trade relations between Danang and New Zealand was held in the central city Monday.

It was attended by 40 business executives from Danang and 11 investors from New Zealand from the construction, food and beverages, civil aviation, and food processing sectors.

The visitors will also visit Hanoi to meet with business executives and authorities. – Tuoitre

Tags: Vietnam New Zealand trade