PM attends Vietnam-New Zealand Business Forum
Updated : Tuesday, March 13, 2018 9:51 AM (GMT+0700)

PrimeMinister Nguyen Xuan Phuc advocated boosting cooperation between Vietnam andNew Zealand in fields of mutual interest such as education-training, organicagriculture, smart agriculture, and infrastructure while addressing theVietnam-New Zealand Business Forum in Auckland on March 13.

Prime Minister Nguyen Xuan Phuc (standing) speaks at the Vietnam-New Zealand Business
Forum - Photo: VNA

The event, which wasattended by more than 300 businesses and investors from the two countries, washeld in the framework of the Vietnamese PM’s official visit to NZ from March12-14.

PM Phuc told the audiencethat Vietnam’s business environment has been significantly improved in recentyears as seen in assessments made by the World Bank and the World EconomicForum. He also cited the latest survey of the Japan External Trade Organisation(JETRO) in late February which showed that nearly 70 percent of Japanese firmsoperating in Vietnam have plans to expand business in the country. Furthermore,more than 62 percent of Japanese businesses claimed that doing business inVietnam is profitable. 

According to the BusinessClimate Index released by the European Chamber of Commerce in Vietnam(EuroCham) for the last quarter of 2017, 63 percent of businesses perceivedVietnam’s current business climate as “good” and “very good” while nearly 86percent of enterprises claimed they want to maintain and expand investment inthe Southeast Asian country.

In February 2018, Nikkeiannounced that Vietnam scored 53.5 points in Purchasing Managers’ Index (PMI),the highest in the Association of Southeast Asian Nations (ASEAN).

The PM also reported thatVietnam’s economic growth in the first quarter of 2018 was estimated at a record7.41 percent.

He affirmed that theVietnamese Government will continue improving the usiness environment toattract more domestic and foreign investors and ensure their interests inaccordance with Vietnamese regulations.

He said when doing businessin Vietnam, New Zealand firms can access not only a nearly 100 million strongmarket but also the 600-million strong ASEAN along with the vast neighbouringChinese market through Vietnam. 

The PM hoped the two sides’businesses will discuss specific cooperation opportunities at the forum,especially when the Comprehensive and Progressive Agreement for Trans-PacificPartnership (CP TPP) has been signed with Vietnam and New Zealand as members.

Minister of Agriculture,Biosecurity, Food Safety, and Rural Communities Damien O’Connor saidNew Zealand wants to further deepen trade relations with Vietnam, adding thathe hoped the forum will bring benefits for both sides.

At the forum, PM Phucanswered many questions raised by New Zealand businesses regarding Vietnam’spolicies to better business environment and attract investment ininfrastructure development.

Afterwards, the PM witnessedthe signing of agreements on bilateral cooperation in the fields of agricultureand education, and between the Vietnam Chamber of Commerce and Industry (VCCI)and New Zealand Business Council.


Write your comment here
© PhuYen Newspaper- Editorial Board: 62 Le Duan, Tuy Hoa City, Phu Yen Province
Tel: (84-057).2211110 - (84-057).3842488, Fax: (84-057).3841275
Designed by nTek