Vietnam and New Zealand Seek to Increase Bilateral Trade to $3 Billion
Vietnam and New Zealand reaffirmed their willingness to strengthen bilateral economic cooperation in their latest talks, aiming to increase bilateral trade to $3 billion. Both sides have identified cross-border e-commerce and digital trade as key cooperation areas for providing policy support to expand markets for businesses.
What are the key facts?
- 1Bilateral trade volume of $845 million in the first half of the year
- 215% year-on-year growth
- 3Key cooperation areas include digital trade and cross-border e-commerce
What happened?
Recently, senior officials from Vietnam and New Zealand met in Auckland to discuss specific measures to strengthen bilateral economic cooperation. Both parties expressed their hope to increase bilateral trade to $3 billion over the next few years. According to statistics, the bilateral trade volume reached $845 million in the first half of this year, an increase of 15% year-on-year. Both sides plan to enhance cooperation in digital transformation, digital trade, and cross-border e-commerce to encourage investment and collaboration between businesses, jointly promoting sustainable economic development for both nations.
What does this mean for cross-border sellers?
Favorable policies in the cross-border e-commerce sector between Vietnam and New Zealand provide new market expansion opportunities for sellers in the relevant regions. It is advisable for sellers to consider entering this market and seize the opportunities presented by industrial development.