A delegation with 20 New Zealand businesses has ended the visit to seek partners in Vietnam, under a programme organised by the ANZ Bank.
David Green, managing director, Institutional New Zealand, said that Vietnam is considered the market that many New Zealand businesses are interested in.
New Zealand has strength in timber products, agricultural products, supporting industry for dairy processing and food products. The business delegation also included companies specialising in wood supply and they are looking for partners who are Vietnam’s furniture manufacturers to develop their products.
New Zealand market is small with about four million people, which is why this country’s firms consider Vietnam as a potential destination. Vietnam with 89 million people needs high quality and safety food.
Two-way trade between Vietnam – New Zealand is about $6 billion and it has opportunity to further develop.