Vietnam, New Zealand strive for 1.7-bln-USD trade by 2020

During a working session with New Zealand Finance Minister Steven Joyce in the afternoon, Hue said Vietnam is accelerating economic restructuring, including in credit organisations, commercial banks and State-owned enterprises, adding that the country is also working to refine market economy mechanisms, improve competitiveness and business climate. Deputy Prime Minister Vuong Dinh Hue (L) and New Zealand Finance Minister Steven Joyce   He asked New Zealand to share experience and encourage its enterprises to join the restructuring process in the country. Hue highly valued development support that New Zealand has provided for Vietnam and asked for the early signing of a bilateral financial deal. Joyce, for his part, hailed Vietnam as a significant partner of New Zealand in ASEAN and spoke highly of Vietnam’s successful hosting of important events in its capacity as Chair of ASEAN 2017. He affirmed that New Zealand would assist Vietnam in the restructuring of finance-banking, bad debts, business equitisation and securities market, continue facilitating Vietnamese agro-fisheries’ access to the Pacific country’s distribution and supermarket chain. Both sides agreed to further enhance cooperation in the fields of economy, trade, investment, services, education-training, connectivity and information technology, towards raising two-way trade to 1.7 billion USD by 2020. Visiting the Vietnamese embassy in New Zealand, Hue said his visit is to further promote bilateral ties, particularly in trade, education and labour exchange, urge New Zealand to consider the future of the Trans-Pacific Partnership and prepare for the upcoming visits…... [read more]

While in Wellington, Hue paid a courtesy visit to Speaker of the House of Representatives David Carter, held talks with Deputy Prime Minister Paula Bennett, and worked with Minister of Foreign Affairs Gerry Brownlee and Minister Trade Todd McClay. Deputy Prime Minister Vuong Dinh Hue (R) and Speaker of the House of Representatives David Carter    The officials agreed to intensify investment in the fields Vietnam has demand and New Zealand has strength such as agriculture, renewable energy and infrastructure. Paula Bennett and Todd McClay confirmed to create favourable conditions for Vietnamese agricultural products to enter New Zealand, and continue supporting the country in improving production, processing and preservation of farm produce to meet foreign markets’ high standards. The two sides reached a consensus on the early signing of the 2017-2020 Vietnam-New Zealand Action Programme in 2017 in order to boost cooperation in the priority fields of politics, economy-trade, agriculture, education-training, science, and tourism. They also pledged to soon organise the sixth meeting of the two countries’ Joint Committee on Economic and Trade Cooperation. Deputy Prime Minister Vuong Dinh Hue (R) and Deputy Prime Minister Paula Bennett    The New Zealand leaders asserted to maintain the provision of official development assistance (ODA) for Vietnam with the focus on social welfare, agriculture and rural development, human resources improvement, and climate change adaptation. Deputy PM Hue thanked New Zealand for supporting Vietnam in projects related to…... [read more]

NDO – Continuing his working visit to New Zealand, Vietnamese Deputy Prime Minister Vuong Dinh Hue had a series of meetings with the host country’s senior officials on July 27. >>> Deputy Prime Minister Vuong Dinh Hue visits New Zealand During their talks and meetings, Deputy PM Hue congratulated New Zealand on its recent achievements along with the country’s outstanding growth and sustainability over many consecutive years while becoming one of the world's most liberal competitive economies. New Zealand’s leaders praised Vietnam for its dynamic move in taking an increasingly active role in Southeast Asia. The two sides expressed their satisfaction on the strong development of the Vietnam-New Zealand comprehensive partnership towards a strategic partnership, with cooperation in key areas recording high efficiency and continuous improvement. The two shared similar opinions on strategic interests in regional and international issues, agreeing to continue further promoting bilateral relations in the coming time by enhancing high-level visits and promoting people's exchanges. During a meeting with the Vietnamese Deputy PM, New Zealand's Speaker of the House of Representatives, David Carter cordially reiterated his invitation to Vietnamese National Assembly Chairwoman Nguyen Thi Kim Ngan to visit New Zealand in late 2017. Both sides agreed to soon hold a signing for the Vietnam-New Zealand Agenda for Action during 2017-2020 later this year to boost cooperation in priority areas, such as politics, economy, commerce, agriculture, development assistance, education-training, science-research-innovation, tourism, and people-to-people exchanges. Deputy PM Hue and his host counterpart Paula Bennett,…... [read more]

Wellington, July 26 (VNA) – Deputy Prime Minister Vuong Dinh Hue arrived in Wellington capital city on July 26, starting his three-day official visit to New Zealand at the invitation of his counterpart Paula Bennett.  During a working session with New Zealand Finance Minister Steven Joyce in the afternoon, Hue said Vietnam is accelerating economic restructuring, including in credit organisations, commercial banks and State-owned enterprises, adding that the country is also working to refine market economy mechanisms, improve competitiveness and business climate.  He asked New Zealand to share experience and encourage its enterprises to join the restructuring process in the country.  Hue highly valued development support that New Zealand has provided for Vietnam and asked for the early signing of a bilateral financial deal.  Joyce, for his part, hailed Vietnam as a significant partner of New Zealand in ASEAN and spoke highly of Vietnam’s successful hosting of important events in its capacity as Chair of ASEAN 2017.  He affirmed that New Zealand would assist Vietnam in the restructuring of finance-banking, bad debts, business equitisation and securities market, continue facilitating Vietnamese agro-fisheries’ access to the Pacific country’s distribution and supermarket chain.  Both sides agreed to further enhance cooperation in the fields of economy, trade, investment, services, education-training, connectivity and information technology, towards raising two-way trade to 1.7 billion USD by 2020.  Visiting the Vietnamese embassy in New Zealand, Hue said his visit is to further promote bilateral ties, particularly in trade, education…... [read more]

NDO/VNA - Deputy Prime Minister Vuong Dinh Hue arrived in the capital city of Wellington on July 26, starting his three-day official visit to New Zealand at the invitation of his counterpart Paula Bennett. During a working session with New Zealand Finance Minister Steven Joyce in the afternoon, Hue said Vietnam is accelerating economic restructuring in credit organisations, commercial banks and State-owned enterprises, adding that the country is also working to refine market economy mechanisms, improve competitiveness and the business climate. He asked New Zealand to share experience and encourage its enterprises to join the restructuring process in the country. Hue highly valued development support that New Zealand has provided for Vietnam and asked for the early signing of a bilateral financial deal. Joyce, for his part, hailed Vietnam as a significant partner of New Zealand in ASEAN and spoke highly of Vietnam’s successful hosting of important events in its capacity as Chair of ASEAN 2017. He affirmed that New Zealand would assist Vietnam in the restructuring of finance-banking, bad debts, business equitisation and the securities market as well as continue facilitating Vietnamese agro-fisheries’ access to the Pacific country’s distribution and supermarket chains. Both sides agreed to further enhance cooperation in the fields of economy, trade, investment, services, education-training, connectivity and information technology, towards raising two-way trade to 1.7 billion USD by 2020. Visiting the Vietnamese embassy in New Zealand, Hue said his visit is to further promote bilateral ties, particularly in trade, education…... [read more]

The Investment and Trade Promotion Centre of HCM City held a press conference in HCM City last Saturday to introduce its Export Forum 2017, which will be held at Rex Hotel on August 8. — VNS Photo An export forum on “Market Identification and Risk Management in Export of Vietnamese Enterprises” will be held in HCM City on August 8 to disseminate the latest information, especially about effective ways and solutions to enhance the competitiveness of domestic firms in key export markets. Delegates will discuss global and regional markets after the US’s withdrawal from the Trans-Pacific Partnership (TPP), opportunities and challenges for Vietnamese enterprises when participating in global value chains, ways to improve the quality and competitiveness of Vietnamese products, and the difficulties, risks and risk control techniques when promoting exports. Speakers at the forum will include John Rockhold, executive director of the American Chamber of Commerce in HCM City, Yasuo Nishitohge, general director of Aeon Vietnam, Yuichiro Shiotani, general director of TopValu, and Harry Loh, director of United Overseas Bank (UOB). Organised by the Investment and Trade Promotion Centre of HCM City, the event will gather around 400 delegates, including Government officials, representatives of local and foreign investment and trade promotion agencies, business associations, consuls general, trade counsellors of foreign countries, and executives from local producers of export goods, logistics enterprises, banks and foreign corporations. — VNS ... [read more]

Speaking with local media, Diep Thanh Kiet, vice chair of the Association, told local media earlier this year that the elimination of tariffs on the country’s exports to the EU could provide a tremendous boon to sales and earnings in the EU market over the next decade. Vietnam and the EU are tentatively on track to ratify the wide-ranging free trade pact, more commonly referred to by the acronym EVFTA and see it come into force by early 2018, Mr Kiet noted. However, it could take longer for ratification as the consequenceof a ruling that requires each individual county in the EU to ratify the agreement separately, which results in a more time-consuming process than he had desired. For Vietnam, the EVFTA takes on added importance following the demise of the Trans-Pacific Partnership, which was a monumental free-trade agreement between 12 Pacific Rim nations,following the withdraw by the US earlier this year. Vietnam was set to be one of the TPP pact’s biggest beneficiaries, he acknowledged. But getting ready for enactment of the EVFTA is not without its problems as product quality will need to be upgraded, he added.  This means Vietnameseleatherworkers and shoemakers will need to up their game and provide quality products on a timely, consistent and economical basis to be successful. That in turn takes money to retool and cash local businesses don’t have. So, it’s a bit of a catch 22. The leather and footwear segments are…... [read more]

At the meetings, the Australian officials lauded Vietnam’s active role in the Southeast Asian region, and affirmed Australia’s priority to the relations with Vietnam. They wished to bring the ties with Vietnam to a new height. Deputy PM Vuong Dinh Hue (R) and Australian Minister of Foreign Affairs Julie Bishop The two sides shared delight at the strong growth of the Vietnam-Australia relations, especially since the two countries lift their ties to Comprehensive Partnership in 2009 and released a Joint Statement on Enhancing the Comprehensive Partnership in March 2015. They agreed to deepen the bilateral relationship and work closely to prepare for visits of senior leaders of both countries in late 2017 and early 2018 to mark the 45th anniversary of the Vietnam-Australia diplomatic relations. Both sides concurred on measures to reinforce their comprehensive partnership in politics, economy-trade, agriculture, development assistance, education-training, science-technology-renovation, tourism and people-to-people contacts. Deputy PM Hue and Deputy PM Banarby Joyce, who is Acting Prime Minister, and other Australian officials affirmed their determination to beef up bilateral economic, trade and investment and increase two-way trade from the current 5 billion USD per year, while increasing investments in such promising areas as agriculture, education, infrastructure, and creative technology. The two countries will work together for the establishment of a dialogue mechanism at ministerial level in economy-trade, looking towards setting up an economic partnership in the future. The two sides agreed to coordinate in gradually removing obstacles hindering the trade of agricultural…... [read more]

Deputy Prime Minister Vuong Dinh Hue (L) shakes hands with Australian Treasurer Scott Morrison (Photo: VNA) Sydney (VNA) – Deputy Prime Minister Vuong Dinh Hue held working sessions with some Australian officials on July 24 to seek measures to further foster partnership between the two countries. At a meeting with Treasurer Scott Morrison, Deputy PM Hue, who is on a visit to Australia from July 23-25, highly valued Australia’s commitment to continue providing development assistance to Vietnam in various fields such as environment, the improvement of livelihoods for mountainous and rural areas, climate change response, and gender equality. Morrison lauded Vietnam’s role as the host of the APEC 2017 with many important meetings. Vietnam has also devised the agenda for the event, which received high approval from member economies, he said. He affirmed Australia’s policy of giving top priority to cooperation with the ASEAN and the country’s wish to help promote ASEAN’s solidarity, self-reliance, prosperity and central role in the region. The two sides agreed that bilateral partnership is experiencing a sound period, with strong collaboration in economy, trade and investment. They lauded the close ties between the Ministry of Finance of Vietnam and Australia’s Treasury, with the signing of a memorandum of understanding on cooperation in 2012. The two sides are also discussing the signing of another deal for the new period to 2020, aiming to share experience in finance-budget, state budget allocation and the management of bad debt and public debt…... [read more]

NDO/VNA – Deputy Prime Minister Vuong Dinh Hue held working sessions with a number of Australian officials, on July 24, to seek measures to further foster the partnership between the two countries. At a meeting with Treasurer Scott Morrison, Deputy PM Hue, who is on a visit to Australia from July 23-25, highly valued Australia’s commitment to continue providing development assistance to Vietnam, in various fields such as environment, the improvement of livelihoods in mountainous and rural areas, climate change response and gender equality. Morrison lauded Vietnam’s role as the host of the APEC 2017 with many important meetings. Vietnam has also devised the agenda for the event, which received high approval from the member economies, he said. He affirmed Australia’s policy of giving top priority to cooperation with the ASEAN and the country’s wish to help promote ASEAN’s solidarity, self-reliance, prosperity and central role within the region. The two sides agreed that their bilateral partnership is experiencing a solid period, with strong collaboration in economy, trade and investment. They lauded the close ties between the Ministry of Finance of Vietnam and Australia’s Treasury, with the signing of a memorandum of understanding on cooperation in 2012. The two sides are also discussing the signing of another deal for the new period until 2020, aiming to share experience in finance-budget, state budget allocation and the management of bad debt and public debt of joint stock commercial banks, and maintaining the stability of the macro economy. Both…... [read more]




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