PM urges New Zealand firms to boost investment in Vietnam

By VNA March 11, 2024 | 08:00 am PT

Prime Minister Pham Minh Chinh gives a speech at Victoria Welling University in New Zealand on March 11, 2024. Photo by VnExpress/Nhat Bac

Prime Minister Pham Minh Chinh urged New Zealand companies to enhance their investment in Vietnam, focusing on innovation, education, and energy sectors.

During a seminar in Wellington with New Zealand businesses on Monday, Chinh highlighted Vietnam's commitment to attracting foreign investments that prioritize quality, efficiency, and sustainability, emphasizing environmentally friendly practices and the application of science and technology.

He encouraged New Zealand companies to deepen their investment relationships with Vietnam by engaging in sectors such as the green and digital economies, circular and knowledge-based economies, science and technology, innovation, electronics, electric vehicles, semiconductors, new energy, essential minerals, green finance, biotechnology, healthcare, high-tech agriculture, and the development of high-quality human resources.

There are about 15,000 Vietnamese people in New Zealand, and many work on trade and investment. Given this, the PM suggested the New Zealand side continue supporting and facilitating Vietnamese companies to operate fruitfully in the country so that they can further engage in global supply and production chains.

He expressed his hope that economic, investment, and trade cooperation will remain an important pillar of bilateral relations and an impulse for the two countries to surmount difficulties and challenges to develop further.

In the spirit of "interests harmonized, risks shared", Vietnam always protects the rights and legitimate interests of businesses, PM Chinh stated, pledging support and the best possible conditions for foreign firms, including those from New Zealand, to invest and do business effectively and sustainably in the Southeast Asian nation.

Local businesses expressed their interest in Vietnam’s investment attraction policy, particularly in infrastructure development.

They also presented their cooperation demand and capacity in the fields of education - training, science - technology, food import, training and supply of nurses caring for the elderly, climate change fight, green transportation, carbon emission reduction, energy transition, and sustainable agriculture.