PM Nguyen Xuan Phuc leaves for visits to New Zealand, Australia
The Vietnamese PM will also make an official visit to Australia and attend the ASEAN-Australia Special Summit in Sydney from March 14-18 at the invitation of Australian Prime Minister Malcolm Turnbull.
PM Phuc is accompanied by Deputy PM and Foreign Minister Pham Binh Minh, National Assembly Vice Chairman Uong Chu Luu, Minister-Chairman of the Government Office Mai Tien Dung, Minister of Planning and Investment Nguyen Chi Dung, Minister of Trade and Industry Tran Tuan Anh, Minister of Agriculture and Rural Development Nguyen Xuan Cuong, Minister of Science and Technology Chu Ngoc Anh, Minister of Labour, Invalids and Social Affairs Dao Ngoc Dung, and head of the National Assembly Ombudsman Committee Nguyen Thanh Hai, among others.
Vietnam and New Zealand set up diplomatic relations in 1975. Vietnam is New Zealand’s 16th largest trade partner with the two-way trade hitting about US$1.2 billion in 2017. The two nations aim to raise bilateral trade to US$1.7 billion by 2020, making economic cooperation a pillar of their relationship.
Meanwhile, Vietnam and Australia have celebrated the 45th anniversary of their diplomatic ties early this year.
The two nations are enjoying sound bilateral trade with average annual growth standing at 12.5% and trade value hitting over US$9 billion in 2017. Australia has landed 378 projects valued at US$1.7 billion in Vietnam, focusing on industry and construction, services, education, processing industry and agro-forestry-fisheries sector.
Vietnam and Australia are expected to elevate their relationship to a strategic partnership during Prime Minister Nguyen Xuan Phuc’s visit.
Related News
Creating a breakthrough in financial cooperation between Vietnam and New Zealand
09:38 | 13/03/2024 Finance
MoF signs MoU on financial cooperation with Australian Treasury
10:17 | 09/03/2024 Finance
Why does bilateral trade between Vietnam – Australia grow sharply?
13:51 | 15/03/2024 Import-Export
Vietnam, Australia boost financial cooperation
19:39 | 30/08/2023 Finance
Latest News
VN needs drastic reforms to create firm ground for economic growth: experts
13:57 | 26/04/2024 Headlines
E-commerce contributes $7 million in taxes during 2022-23
13:56 | 26/04/2024 Headlines
Standard Chartered revises down Vietnam’s GDP growth forecast in 2024 to 6%
13:51 | 25/04/2024 Headlines
Investor confidence gains traction on improved business climate
13:46 | 25/04/2024 Headlines
More News
Vietnam's exports to Canada lead among CPTPP countries
09:41 | 25/04/2024 Headlines
Many new regulations aim to drastically remove the IUU "Yellow Card"
15:36 | 24/04/2024 Headlines
PM chairs meeting of national committee for digital transformation
13:42 | 24/04/2024 Headlines
Seize the golden opportunity as retail giants look for supplies in Vietnam
10:34 | 24/04/2024 Headlines
Government’s action programme cracks down on illegal fishing
13:53 | 23/04/2024 Headlines
PM calls on ASEAN to pen strategic development vision
13:50 | 23/04/2024 Headlines
Forum to discuss new initiatives on ASEAN future vision: Deputy FM
15:13 | 22/04/2024 Headlines
Investors play a key role in developing the industrial park system
10:38 | 22/04/2024 Headlines
Green transformation and ESG practice to participate in the global competition
18:11 | 21/04/2024 Headlines
Your care
VN needs drastic reforms to create firm ground for economic growth: experts
13:57 | 26/04/2024 Headlines
E-commerce contributes $7 million in taxes during 2022-23
13:56 | 26/04/2024 Headlines
Standard Chartered revises down Vietnam’s GDP growth forecast in 2024 to 6%
13:51 | 25/04/2024 Headlines
Investor confidence gains traction on improved business climate
13:46 | 25/04/2024 Headlines
Vietnam's exports to Canada lead among CPTPP countries
09:41 | 25/04/2024 Headlines