Story image

NZ, Vietnam aim to double two-way trade to $2.2B by 2020

19 Mar 15

New Zealand and Vietnam aim to double two-way goods and service trade to about $2.2 billion by 2020.

The target was announced following a meeting between New Zealand Prime Minister John Key and Vietnam Prime Minister Nguyen Tan Dung at Government House in Auckland.

Vietnam was New Zealand's fastest-growing trading partner in southeast Asia the past five years, with two-way goods and services traded increasing 120 percent since 2009. That growth gave the leaders confidence the new target could be met, Key said in a statement.

The countries also signed a cooperation arrangement on food safety and an air services agreement which will provide greater choice for New Zealanders flying to Vietnam. Talks also covered plans to expand links in education and agriculture, and work more closely together on defence issues, including United Nations peacekeeping.

In 2014, New Zealand exported $548 million of goods to Vietnam and imported about $493 million of goods from the country, according to Statistics New Zealand data.

52mil users affected by Google+’s second data breach
Google+ APIs will be shut down within the next 90 days, and the consumer platform will be disabled in April 2019 instead of August 2019 as originally planned.
GirlBoss wins 2018 YES Emerging Alumni of the Year Award
The people have spoken – GirlBoss CEO and founder Alexia Hilbertidou has been crowned this year’s Young Enterprise Scheme (YES) Emerging Alumni of the Year.
SingleSource scores R&D grant to explore digital identity over blockchain
Callaghan Innovation has awarded a $318,000 R&D grant to Auckland-based firm SingleSource, a company that applies risk scoring to digital identity.
IDC: Standalone VR headset shipments grow 428.6% in 3Q18
The VR headset market returned to growth in 3Q18 after four consecutive quarters of decline and now makes up 97% of the combined market.
Spark Lab launches free cybersecurity tool for SMBs
Spark Lab has launched a new tool that it hopes will help New Zealand’s small businesses understand their cybersecurity risks.
Preparing for the future of work – growing big ideas from small spaces
We’ve all seen it: our offices are changing from the traditional four walls - to no walls. A need to reduce real estate costs is a key driver, as is enabling a more diverse and agile workforce.
Bluetooth-enabled traps could spell the end for NZ's pests
A Wellington conservation tech company has come up with a way of using Bluetooth to help capture pests like rats and stoats.
CERT NZ highlights rise of unauthorised access incidents
“In one case, the attacker gained access and tracked the business’s emails for at least six months. They gathered extensive knowledge of the business’s billing cycles."