Economic push – a focus of New Zealand PM’s visit to Vietnam
During his official visit from February 25-28, New Zealand Prime Minister Christopher Luxon will meet with Vietnamese leaders, discussing ways to enhance the strategic partnership as well as methods for bilateral cooperation.
New Zealand Prime Minister Christopher Luxon (Photo: Xinhua/VNA)
Hanoi (VNA) - New Zealand Prime Minister Christopher Luxon is set to embark on an official visit to Vietnam from Februꦺary 25-28, accompanied by a high-level business delegation, marking a significant push to economic ties between the two nations, according to an official website of the New Zealand Government.
Speaking ahead of his visit, Prime Minister Luxon highlighted Vietnam's emergence as Southeast Asia's rising star, standing out as one of the region's fastest-growing economies.
This year our two countries celebrate 50 years of diplomatic relations. My visit will further energise our relationships, strengthen existing trade, and open the door to more opportunities for New Zealand businesses, to grow incomes and create jobs here at home, he said in a statement.
Two-way trade has grown by 40% in the past five years and Vietnam is a market with huge opportunity for New Zealand in the areas of international education, and food and beverage offerings. Luxon committed to bolstering the trade revenue to 3 billion USD in 2026.
He will meet with Vietnamese leaders, discussing ways to enhance the strategic partnership as well as methods for bilateral cooperation. He will also deliver a keynote speech at the ASEAN Future Forum 2025 in Hanoi.
The timing of Luxon's visit is particularly significant as New Zealand is marking the 50th anniversary as an ASEAN Dialogue Partner. He stressed that New Zealand's future security and prosperity are intrinsically linked to ASEAN's success and its member states.
He will be accompanied on the trip by Minister of State for Trade and Investment Nicola Grigg./.
Prime Minister of New Zealand Christopher Luxon will pay an official visit to Vietnam and attend the second ASEAN Future Forum 2025 from February 25-28.
Vietnam and New Zealand agreed to enhance political trust through more bilateral exchanges and consultations, strengthen defence and security cooperation, and strongly implement practical measures to facilitate market access for each other's products, aiming to reach the trade target of 3 billion USD.
Vietnamese Prime Minister Pham Minh Chinh on October 10 met with his New Zealand counterpart Christopher Luxon in Vientiane, Laos, on the sidelines of the 44th and 45th ASEAN Summits and Related Summits.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
