President Attends Viet Nam-New Zealand Business Forum

President Nguyen Minh Triet attended a forum for Vietnamese and New Zealand businesses Christchurch on September 10 during first leg of his state visit to New Zealand.

President Nguyen Minh Triet meets with overseas Vietnamese in New Zealand on Sept. 10, 2007 (VNA Photo)

Addressing more than 100 Vietnamese and New Zealand entrepreneurs at the forum, President Triet expressed his pleasure at the constant development of the two countries' multifaceted cooperation over the recent past. He stressed that Vietnamese businesses are looking for investment opportunities and business partner, and more envents like this forum should be held for businesses from the two countries to meet and exchange information.

Earlier the same day, the President visited the Christchurch aircraft engine repair and maintenance centre and the TAIT electronic equipment factory.

President Triet and his delegation arrived in Wellington on September 10 afternoon for the main activities of his visit.

The leader plans to meet with representatives of the Vietnamese community after his arrival.
President Triet is scheduled to meet with New Zealand Governor Anand Satyanand after a state welcoming ceremony on Sept. 11. The Vietnamese State leader will also hold talks with Prime Minister Helen Clark and meet with MP John Key, the leader of the Opposition in New Zealand parliament.
The trip marks the first state-level visit to New Zealand by a Vietnamese president since the two countries established diplomatic ties in June 1975.

Viet Nam-New Zealand relations have witnessed rapid developments of late. The two countries have recently exchanged high-ranking delegations, and signed a Declaration on Cooperation to establish long-term and comprehensive relations on the basis of mutual trust.

The two countries have so far signed several cooperation agreements, including the Agreement on Economic and Trade Cooperation, the Agreement on Investment Encouragement and Protection and an Aviation Agreement.

Two-way trade turnover between the countries in 2006 was 198 million USD, an increase of 20 percent over 2005.

New Zealand exports butter, milk, leather, fur, chemicals, wood powder and animal feed to Viet Nam and imports footwear, home decorations, porcelain, garments and textiles and cashew nuts from the Southeast Asian partner.

To date, New Zealand has 13 investment projects in Viet Nam capitalized at 35 million USD, ranking 42nd among 74 foreign investors in Viet nam.

Education ties are also close as about 1,500 Vietnamese students are currently studying in New Zealand.
Along with efforts to enhance economic and trade relations, the two countries have also supported each other in the political arena.

New Zealand actively supported Viet Nam in joining the WTO and helped the latter organize the APEC Economic Leaders’ Meeting 2006 in Ha Noi.

On August 16, 2006, New Zealand officially affirmed its support to Viet Nam in its bid for non-permanent membership of the UN Security Council for the 2008-09 term.

Source: VNA

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