Surge in trade with New Zealand

(VEN) - Vietnam's export value to New Zealand currently accounts for only 1.7 percent of that market's total import value, offering opportunities for increased Vietnamese sales.

Bilateral trade hit NZD1.7 billion in the first eight months of 2022, up 21.4 percent from the same period of 2021 (NZD1.4 billion). Major Vietnamese exports included tea and coffee that yielded NZD9.13 million (up 52 percent), ceramic and porcelain products worth NZD6.7 million (up 108 percent), paper and paper products NZD8.9 million (up 48 percent), iron and steel NZD13.6 million (up 36.8 percent), and textiles and garments NZD173.69 million (up 22.8 percent).

surge in trade with new zealand

Coffee has become a major Vietnamese export to New Zealand

The Vietnam Trade Office in New Zealand said that most of Vietnam’s exports achieved double-digit growth, and only several construction material exports decreased due to increased prices and importers’ falling demand.

Vietnam’s exports to New Zealand are expected to grow further due to the two countries’ memberships in multilateral free trade agreements, including the ASEAN-Australia-New Zealand Free Trade Area (AANZFTA), the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and the Regional Comprehensive Economic Partnership (RCEP) agreement, which reduce or remove tariff and non-tariff barriers.

According to the Vietnam Trade Office in New Zealand, these agreements help increase Vietnamese goods’ competitiveness compared with exports from countries without FTAs ​​with New Zealand. In the context of the US-China trade war and COVID-19, many countries and businesses are considering shifting their supply chains out from China, and more and more businesses in New Zealand are looking for Vietnamese suppliers, especially in the field of textile and garment, and construction materials.

surge in trade with new zealand
The Ministry of Industry and Trade is creating conditions to boost dragon fruit exports to New Zealand

According to the office, New Zealand applies strict technical barriers and standards to farm produce, seafood and food imports, and has so far licensed mango, dragon fruit, rambutan, tra fish and processed food imports from Vietnam. However, high transportation costs cut into the price competitiveness of Vietnamese products compared to those from Australia, China, and India.

Under the new-generation free trade agreements, import taxes on all Vietnamese goods imported into New Zealand have been eliminated since early 2020 in accordance with the CPTPP and since January 2022 in compliance with the RCEP. Thanks to the development requirement in the post-COVID-19 period and the recovering consumption and travel demands, economic cooperation and trade between Vietnam and New Zealand are likely to expand, according to the office.

The Vietnam Trade Office in New Zealand stressed the need for a systematic and long-term strategy to promote exports to New Zealand, focusing on creating a smooth legal corridor for the export of farm produce, forest products and seafood. It also recommends asking New Zealand to further widen its door to Vietnamese farm produce and aquatic products, as well as building value chains and improving food processing technologies to enhance product quality, and strengthening trade promotion activities.
Hoa Quynh

See also

Hong Kong pioneers a sustainable future for an

Hong Kong pioneers a sustainable future for an 'Asian century'

Hong Kong wants to grasp green financing and sustainable investment opportunities across Asia. Dr. Patrick Lau, deputy executive director of the Hong Kong Trade Development Council (HKTDC), spoke with VIR’s Luu Huong about how Hong Kong could make progress in the new era.
Rosy prospects for Vietnam-Argentina trade

Rosy prospects for Vietnam-Argentina trade

(VEN) - Commercial ties between Vietnam and Argentina are expected to expand in 2023. Ahead of the New Year, Argentine Ambassador to Vietnam Luis Pablo Mara Beltramino spoke with Vietnam Economic News’ Hoa Quynh and Thu Trang.
Multilateral cultural diplomacy helps Vietnam shine at UNESCO: official

Multilateral cultural diplomacy helps Vietnam shine at UNESCO: official

Cultural diplomacy has contributed to promoting cultural values and the image of the country and people of Vietnam.
Expanded trade opportunities with US

Expanded trade opportunities with US

(VEN) - US companies are seeking new suppliers to minimize risks in supply chains, creating more opportunities for Vietnamese businesses in the post-pandemic era. However, the opportunities also face challenges.
Efforts underway to boost trade with UK

Efforts underway to boost trade with UK

(VEN) - Both capital and production technology of domestic enterprises remain modest, it is necessary to connect resources in order to help businesses efficiently take advantage of the UK-Vietnam Free Trade Agreement (UKVFTA), said Ngo Chung Khanh, Deputy Director of the Ministry of Industry and Trade’s (MoIT) Multilateral Trade Policy Department in a talk with Vietnam Economic News’ Hoa Quynh.
FTAs boost Vietnam-Latin America trade

FTAs boost Vietnam-Latin America trade

(VEN) - Trade between Vietnam and Latin America has experienced impressive growth thanks to efficient implementation of free trade agreements (FTAs).

See more news

Saskatchewan enhances cooperation with Vietnam

Saskatchewan enhances cooperation with Vietnam

Trade and Export Development Minister Jeremy Harrison led Canada's Saskatchewan’s delegation to Vietnam to discuss trade and economic partnerships.
Vietnam, Philippines boost economic cooperation

Vietnam, Philippines boost economic cooperation

(VEN) - National Assembly (NA) Chairman Vuong Dinh Hue led a high-ranking delegation to visit the Philippines from November 23-25, promoting legal policies for increased economic cooperation between the two countries.
Vietnam, Cambodia create new impetus for relations

Vietnam, Cambodia create new impetus for relations

(VEN) - Prime Minister Pham Minh Chinh recently led a high-ranking Vietnamese delegation to visit the Kingdom of Cambodia. The visit is expected to create new impetus for comprehensive bilateral cooperation.
PM Jacinda Ardern leads New Zealand trade delegation to renew connection with Vietnam

PM Jacinda Ardern leads New Zealand trade delegation to renew connection with Vietnam

(VEN) - New Zealand Prime Minister Jacinda Ardern is leading a trade delegation to Vietnam from November 14-17 to showcase New Zealand products and services, renew connections and identify new trade opportunities.
Vietnam, Malaysia target trade growth

Vietnam, Malaysia target trade growth

(VEN) - The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will take effect for Malaysia on November 29, 2022. This significant event is expected to increase its bilateral trade with Vietnam.
Room remains to amplify Vietnam-Germany cooperation: diplomat

Room remains to amplify Vietnam-Germany cooperation: diplomat

Potential for cooperation between Vietnam and Germany remains huge with new opportunities, as Germany is currently an economic locomotive of the European Union (EU), and also Vietnam’s largest trading partner in the region, according to Ambassador Vuu Quang Minh.
How does UK benefit from sales to Vietnam?

How does UK benefit from sales to Vietnam?

(VEN) - The UK-Vietnam Free Trade Agreement (UKVFTA), which took official effect in May 2021, not only lays the foundation for increased bilateral trade and investment but also facilitates the access of Vietnamese and UK companies to each other’s markets.
View more
Latest Most Read
Artists Cơ, Nghiệp set Guinness World Record in last int

Artists Cơ, Nghiệp set Guinness World Record in last int'l show

Vietnamese acrobatic artists Giang Quốc Cơ and Giang Quốc Nghiệp has set up a world record in their last international performance in a Guinness World Record show in Milan, Italy.
Industrial production: Achievements and lessons

Industrial production: Achievements and lessons

(VEN) - The 2022 industrial output has been impressive, but continued innovation as well as production and supply network recovery are vital to ensure a more sustainable path in 2023.
PM Chính

PM Chính's visit to enhance Singapore-Việt Nam relations: Singaporean FM

Digital economy and climate change are among areas with much scope for closer collaboration between Singapore and Việt Nam, according to Singaporean Foreign Minister Vivian Balakrishnan.
JTI Vietnam certified as Top Employer for 3rd year

JTI Vietnam certified as Top Employer for 3rd year

Top Employers is a global award organized annually by the Top Employers Institute, through rigorous evaluation criteria for employers to select enterprises with the best working conditions. JTI Global and JTI Vietnam are proud to become the Top Employers again in 2023.
Agro-forestry-fishery exports reach 3.7 billion USD in January

Agro-forestry-fishery exports reach 3.7 billion USD in January

Vietnam’s export of agro-forestry-aquatic products reeled in over 3.7 billion USD in January, down 23% against the same period last year, according to the Ministry of Agricultural and Rural Development.
the woman who revived kim hoang folk paintings

The woman who revived Kim Hoang folk paintings

(VEN) - Researcher and art collector Nguyen Thi Thu Hoa has made intense efforts to revive the 18th century Kim Hoang woodcut folk painting genre, which had all but disappeared over time.
artists co nghiep set guinness world record in last intl show

Artists Cơ, Nghiệp set Guinness World Record in last int'l show

Vietnamese acrobatic artists Giang Quốc Cơ and Giang Quốc Nghiệp has set up a world record in their last international performance in a Guinness World Record show in Milan, Italy.
the unique giong festival of hanoi

The unique Giong Festival of Hanoi

The festival is held annually around the capital to commemorate Saint Giong, a local hero who sacrificed his life to defeat invaders.
ministry of industry and trade new posture and mindset for the new development period

Ministry of Industry and Trade: New posture and mindset for the new development period

Starting on December 1, 2022, the Ministry of Industry and Trade operates under Government Decree 96/2022/ND-CP. New posture and mindset for the new development period of the industry and trade sector have been rolled out from this decree.
socioeconomic development targets in 2023

Socioeconomic development targets in 2023

The 15th National Assembly’s 4th session approved a Resolution on the socio-economic development plan in 2023, with GDP targeted at 6.5% and per capita GDP at 4,400 USD.
Screening tools to enhance FDI quality

Screening tools to enhance FDI quality

(VEN) - A set of foreign direct investment (FDI) screening tools was launched recently as a result of cooperation between the Vietnam Chamber of Commerce and Industry (VCCI) and the United Nations Development Program (UNDP), promising enhanced effectiveness of foreign investment flows into Vietnam.
Prime Minister demands faster disbursement of public investment capital

Prime Minister demands faster disbursement of public investment capital

Prime Minister Pham Minh Chinh demanded faster pace of public investment capital disbursement while chairing the Cabinet meeting on Thursday.
Deputy FM highlights role of economic diplomacy in service of national development

Deputy FM highlights role of economic diplomacy in service of national development

The Ministry of Foreign Affairs has accompanied the Ministry of Planning and Investment and agencies to attract high-quality investment, connect and support foreign enterprises to invest and expand operations in Việt Nam, as well as to strengthen exchange and cooperation with investment funds and study international investment trends.
Việt Nam supports expansion of UN Security Council

Việt Nam supports expansion of UN Security Council

Addressing the first meeting of the Intergovernmental Negotiations on Security Council reform at the 77th UN General Assembly on January 26 (local time) in New York, Ambassador Nguyễn Phương Trà also emphasised improving the working method of the UNSC and limiting the use of veto power.
Industrial production: Achievements and lessons

Industrial production: Achievements and lessons

(VEN) - The 2022 industrial output has been impressive, but continued innovation as well as production and supply network recovery are vital to ensure a more sustainable path in 2023.
Food and beverage industry to do well this year despite modest economy

Food and beverage industry to do well this year despite modest economy

The food and beverage market is forecast to grow by over 18% this year to 720 trillion VND (30.7 billion USD).
Moving ahead with 2023’s Global Priorities: Electrification and Decarbonization

Moving ahead with 2023’s Global Priorities: Electrification and Decarbonization

In 2023, the United Arab Emirates is taking center stage in the global efforts to address climate change and sustainability. Recently, leaders have gathered for Abu Dhabi Sustainability Week, kicking off a year of events leading up to the UAE-hosted COP28 at the end of the year.
Hanoi eyes 950 firms in support industries this year

Hanoi eyes 950 firms in support industries this year

Hanoi has set a target to have about 950 enterprises operating in the field of supporting industries this year, an increase of approximately 20 compared to 2022.
Hanoi, HCM City record highest disbursement of public investment capital in January

Hanoi, HCM City record highest disbursement of public investment capital in January

Hanoi and Ho Chi Minh City - the country's economic locomotives - recorded the highest disbursement of public investment capital in January, with nearly 2.7 trillion VND (117 million USD) and more than 1.63 trillion VND, respectively, reported the General Statistics Office.
Hai Phong pledges optimal conditions for investors

Hai Phong pledges optimal conditions for investors

Hai Phong will always accompany with and create optimal conditions for investors, vowed Nguyen Trung Kien, head of the Economic Zone Management Board of the northern port city, during a meeting with foreign-invested businesses in the city on January 31.
Greening foreign investment

Greening foreign investment

(VEN) - The government’s declared commitment to reduce net carbon emissions to zero by 2050 has prompted a wave of high-quality, sustainable foreign direct investment (FDI) projects.
Southeast region prepares for new FDI wave

Southeast region prepares for new FDI wave

The southeast region is preparing necessary conditions in infrastructure, administrative procedures and human resources to welcome a new wave of foreign direct investment (FDI), as investors have flocked to the region right from the beginning of this year.
Foreign investors remain optimistic about Vietnamese stock market

Foreign investors remain optimistic about Vietnamese stock market

From being net sellers in the first nine months of 2022, foreign investors have become the driving force supporting the Vietnamese stock market in the last few months, and the inflows are expected to continue this year.
Tax revenue up 4.4 percent year-on-year in January

Tax revenue up 4.4 percent year-on-year in January

Tax revenue in January was estimated at VND165.7 trillion (US$7.06 billion), or 12.1 percent of the ordinance estimate, up 4.4 percent year-on-year, the General Department of Taxation reported on January 31.
State-owned banks under capital increase pressure

State-owned banks under capital increase pressure

Vietnam’s four biggest State-owned banks have an urgent need for capital increase in 2023 as their charter capital is too low, with some unable to ensure the regulated minimum capital adequacy ratio (CAR), according to industry insiders.
Positive prospects for Vietnam’s stock market this year

Positive prospects for Vietnam’s stock market this year

2022 was an eventful year for the Vietnamese stock market with many records set.
Vietnam looks ahead to 2023 climate summit

Vietnam looks ahead to 2023 climate summit

(VEN) - World leaders are hoping the COP28 Climate Change Summit, scheduled for November 30 to December 12, 2023, in the UAE will achieve expectations not met at the COP27 summit held in Egypt in November 2022.
Preserving nature, facilitating business

Preserving nature, facilitating business

(VEN) - In the past few years, the natural resources and environment sector of Hung Yen Province has advised authorities on state management of natural resources and the environment, contributing to provincial economic growth, industrialization and modernization.
AkzoNobel Vietnam protects Cu Lao Xanh lighthouse against harsh weather

AkzoNobel Vietnam protects Cu Lao Xanh lighthouse against harsh weather

AkzoNobel, a leading global paints and coatings company and the major producer of Dulux brand, has completed repainting the Cu Lao Xanh Lighthouse project with Dulux Weathershield®. It is the third lighthouse in Vietnam recoated under the “Lighthouse Protection Campaign” of AkzoNobel.
JTI Vietnam commits to net zero greenhouse gas emissions

JTI Vietnam commits to net zero greenhouse gas emissions

Climate change is the most urgent issue of our time, and to limit its impact on life on earth, the rise in mean global temperature should not exceed 1.5°C above pre-industrial levels. The private sector plays a huge role in helping to achieve this goal, and companies must commit and take concrete action in accordance with the Paris Agreement.
Seven technologies to watch in 2023

Seven technologies to watch in 2023

Nature’s pick of tools and techniques that are poised to have an outsized impact on science in the coming year.
Technology trends to watch in 2023

Technology trends to watch in 2023

The start of a new year is often a time to contemplate the future and what might lie ahead on the horizon.
Managed security provides IT talent gap solution for businesses in SEA

Managed security provides IT talent gap solution for businesses in SEA

Global cybersecurity company Kaspersky today reveals the state of MSSP in the region, particularly the main benefits that local SMBs and enterprises gain from this outsourcing model.
Headquarters of Vietnam-Korea Institute of Science and Technology inaugurated

Headquarters of Vietnam-Korea Institute of Science and Technology inaugurated

An inauguration ceremony of the headquarters of the Vietnam-Korea Institute of Science and Technology (VKIST) was held at the Hoa Lac Hi-tech Park in Ha Noi on January 17.
Illegal fishing tackled with drastic measures to remove

Illegal fishing tackled with drastic measures to remove 'yellow card'

The Government, ministries and local authorities have been improving legal enforcement, supervision on the implementation of the law and traceability requirements through heavier fines on illegal fishing.
Hunting for real estate investment opportunities after Tet

Hunting for real estate investment opportunities after Tet

Although the market faced a standstill at the end of 2022, wealthy investors are still hunting for potential business opportunities after the Lunar New Year holiday.
Vietnamese university up 97 places in Webometrics ranking

Vietnamese university up 97 places in Webometrics ranking

Vietnam National University (VNU) - Hanoi climbed 97 places to rank 661st in the latest Webometrics Ranking of World Universities in 2023, which was announced on February 1 by the Cybermetrics Lab, a member of the Spanish National Research Lab.
PM inspects national key transport projects

PM inspects national key transport projects

The first phase of the 652.86km North-South Expressway has 11 component projects, three of which are invested in public-private partnerships (PPP). The rest, including the Mai Sơn-National Highway 45 project, are funded with public investment.
JTI Vietnam certified as Top Employer for 3rd year

JTI Vietnam certified as Top Employer for 3rd year

Top Employers is a global award organized annually by the Top Employers Institute, through rigorous evaluation criteria for employers to select enterprises with the best working conditions. JTI Global and JTI Vietnam are proud to become the Top Employers again in 2023.
Doosan Vina and Chung Ang University continue educational CSR program

Doosan Vina and Chung Ang University continue educational CSR program

Recently, Doosan Enerbility Vietnam (Doosan Vina) and Chung Ang University (CAU), Korea organized charity activities and educational exchanges at Binh Thanh No. 2 Primary School and Binh Minh No. 1 Primary School in Binh Son District, Quang Ngai Province.
Nestlé Vietnam and the journey to sustainable development

Nestlé Vietnam and the journey to sustainable development

(VEN) - With nearly three decades of operation in Vietnam, Nestlé Vietnam has been implementing many initiatives to improve human health and protect the planet through its commitments and sustainable development strategy. Recently, the company has continued to be honored as the Most Sustainable Business in Vietnam.
VIMC embarks on strong recovery

VIMC embarks on strong recovery

(VEN) - In the context of the strong recovery of the maritime transport market, the Vietnam Maritime Corporation (VIMC) has brought into play its internal strength to achieve successful business results in 2022.
Artists Cơ, Nghiệp set Guinness World Record in last int

Artists Cơ, Nghiệp set Guinness World Record in last int'l show

Vietnamese acrobatic artists Giang Quốc Cơ and Giang Quốc Nghiệp has set up a world record in their last international performance in a Guinness World Record show in Milan, Italy.
The unique Giong Festival of Hanoi

The unique Giong Festival of Hanoi

The festival is held annually around the capital to commemorate Saint Giong, a local hero who sacrificed his life to defeat invaders.
Late artist Nguyen Tu Nghiem

Late artist Nguyen Tu Nghiem's works on display in rare exhibition

This rare opportunity for art lovers to see the artist's works is being held to honour his career, which spanned over 70 years in the 20th and 21st centuries.
The woman who revived Kim Hoang folk paintings

The woman who revived Kim Hoang folk paintings

(VEN) - Researcher and art collector Nguyen Thi Thu Hoa has made intense efforts to revive the 18th century Kim Hoang woodcut folk painting genre, which had all but disappeared over time.
About nine million Vietnamese travel during Tet holiday, revenues down

About nine million Vietnamese travel during Tet holiday, revenues down

During the holiday from January 20-26, total revenue from tourism activities was estimated at VND17.5 trillion (US$745.79 million), down 30 percent year on year, reported the Vietnam National Administration of Tourism (VNAT).
18,000 tourists spend US$18.3 million on foreign tours during Lunar New Year

18,000 tourists spend US$18.3 million on foreign tours during Lunar New Year

The number of tourists choosing foreign tours accounted for 55 to 65 percent of the total domestic and foreign tours.
Vietnam listed among top places to visit in the New Year

Vietnam listed among top places to visit in the New Year

Vietnam has been named one of the top 20 places to visit at the beginning of the new year by UK travel magazine Wanderlust for its beautiful natural sights, festive atmosphere, and favorable weather.
Five-day holiday for workers during Reunification Day period

Five-day holiday for workers during Reunification Day period

As the Hùng Kings' festival coincides with Reunification Day and International Workers' Day, workers will enjoy a rare five-day holiday.
Mobile Version