Viet Nam is now New Zealand’s 20th largest trading partner, with potential for further significant expansion.
New Zealand and Viet Nam aim to reach a target figure of US$1 billion in two way trade by 2015. In the year to December 2014 bilateral trade grew by 10% to USD$888 million. Over the five years since 2008, NZ goods exports to Viet Nam have grown by more than 60%, making it New Zealand’s fastest growing market in ASEAN.
The main New Zealand goods exported to Vietnam are dairy and forest products, making up 51% and 13% of New Zealand’s total merchandise exports to Vietnam in the year ending December 2014.
Davi Nguyen
