New Zealand Embassy Ha Noi, Viet Nam

Visit to Viet Nam by Hon Steven Joyce, Minister of Economic Development, and Minister for Tertiary Education, Skills and Employment

Hon Steven Joyce

New Zealand’s Minister of Economic Development and Minister of Tertiary Education, Skills and Employment, Hon Steven Joyce, will visit Viet Nam from 18-20 March.

The visit to HCMC will explore opportunities for enhancing trade, investment, and education links between the two countries, which have grown strongly in recent years.

Viet Nam is now New Zealand’s 20th largest trading partner, with potential for further significant expansion.  Two-way trade grew by 21% in 2013 to US$785 million, and the bilateral trade target of US$1 billion by 2015 is now within reach.

As tariffs and other impediments to trade are gradually reduced under the ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA) in place since 2010, as well as the Double Taxation Agreement which will enter into force next month, New Zealand expects to see increased interest from the business communities of both countries in each other’s markets.  

The ambitious Trans-Pacific Partnership (TPP) deal, expected to conclude during 2014, will further increase the trade and investment opportunities between the two countries.

“New Zealand is a logical and committed partner for Viet Nam across a range of sectors where New Zealand is known globally for its expertise - including food and beverage, education, aviation, agribusiness and forestry, and tourism,” said New Zealand Ambassador to Viet Nam H.E. Haike Manning.  “In education especially we see real opportunities to partner with Viet Nam in the development and delivery of high quality education to Vietnamese students.  Minister Joyce’s visit will provide an opportunity to discuss these partnerships further.”  

New Zealand and Viet Nam enjoy strong education ties, which have grown considerably over the years through several initiatives including New Zealand’s post-graduate scholarships awards for Vietnamese students and English Language Training for Officials (ELTO). New Zealand is now a popular destination for self-funded Vietnamese students, with over 2000 choosing New Zealand as an education destination each year.  Several New Zealand universities are also partnering with universities in Viet Nam to offer high quality qualifications to students in Viet Nam.

During his time in HCMC, Minister Joyce will meet with Ho Chi Minh City Chairman Le Hoang Quan to discuss New Zealand's key interests in the trade and economic relationship, and the important role of the New Zealand business community in HCMC in fostering that relationship.

Minister Joyce will also hold meetings with a range of top Vietnamese business leaders, as well as the New Zealand business community in HCMC. Minster Joyce will also be meeting with education institutions and agents to highlight New Zealand as a destination for high quality study, as well as to profile successful education partnerships that exist between New Zealand universities and their Vietnamese partners, and look for ways to further develop these partnerships.

File Minister Joyce - Embassy press release.docx

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