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ANZBC chair says firms should do business in Vietnam

ANZBC chair says firms should do business in Vietnam

Tuesday, March 12, 2024, 15:31 GMT+7
ANZBC chair says firms should do business in Vietnam
New Zealand Prime Minister Christopher Luzon (L) greets Vietnamese Prime Minister Pham Minh Chinh (R) on March 11, 2024. Photo: Nhat Bac

Chairperson of the ASEAN New Zealand Business Council (ANZBC) Kathleen Morrison has called on New Zealand companies to tap the Vietnamese market.

Firms should come to Vietnam to do more business, she said while coordinating a talk between Vietnamese Prime Minister Pham Minh Chinh and nearly 20 international and New Zealand enterprises on Monday.

ANZBC is a member-based organization connecting New Zealand businesses with ASEAN trading partners.

In an interview with Tuoi Tre (Youth) newspaper on the sidelines of the talk, Morrison affirmed that the Vietnamese prime minister’s two-day visit to New Zealand was seen as a push for New Zealand firms to expand their business in Vietnam.

Vietnam is determined to seek cooperation opportunities to raise bilateral trade between the two nations, she underlined.

Benefiting from a growing middle class and a sizable population, the Southeast Asian nation is anticipated to offer advantages for New Zealand companies, she noted.

The ANZBC leader also underscored that the council considers ASEAN, including Vietnam, its tremendously strategic trade partner and a potential destination for New Zealand investors.

Chairperson of the ASEAN New Zealand Business Council (ANZBC) Kathleen Morrison. Photo: Supplied

Chairperson of the ASEAN New Zealand Business Council (ANZBC) Kathleen Morrison. Photo: Supplied

Last year, the government of New Zealand and the New Zealand Ministry of Foreign Affairs and Trade paid a lot of attention to the region, with a focus on climate change.

The council is implementing some trade activities in Vietnam and Southeast Asia, she said, adding that it was sure that the council would do more in the region.

Southeast Asia in general and Vietnam in particular are working to drive up circular and green economic growth, so technology transfer is seen as a prospective partnership, she stressed.

ANZBC is planning to arrange a trip to Vietnam for New Zealand dairy firms to sound out cooperation opportunities there.

Meanwhile, many firms in New Zealand active in various industries desire to explore the Vietnamese market, Morrison divulged.

Wrapping up the interview, Morrison encouraged New Zealand companies to call the Vietnamese trade office to seek investment and cooperation opportunities in Vietnam.

PM Chinh arrived in Auckland on Saturday evening (local time), beginning his first official visit to New Zealand since assuming power in 2021 at the invitation of his New Zealand counterpart Christopher Luxon.

The two-day visit took place ahead of the 50th anniversary of the Vietnam-New Zealand diplomatic ties in 2025.

The prime minister and his entourage left New Zealand for Hanoi on Monday night.

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Tieu Bac - Duy Linh / Tuoi Tre News

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