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Saturday, February 22, 2025

Economic growth focus of PM’s visit to Vietnam

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Prime Minister Christopher Luxon, centre, is about to depart on a visit to Vietnam. File photo supplied

Prime Minister and Botany MP Christopher Luxon will travel to Vietnam next week, visiting Hanoi and Ho Chi Minh City with a delegation of senior New Zealand business leaders.

“Vietnam is a rising star of Southeast Asia with one of the fastest growing economies in the region,” Luxon says.

“This year our two countries celebrate 50 years of diplomatic relations.

“My visit will further energise our relationships, strengthen existing trade, and open the door to more opportunities for New Zealand businesses, to grow incomes and create jobs here at home.”

While in Vietnam Luxon will meet with Prime Minister Pham Minh Chinh.

He’ll call on Vietnam’s other principal leaders to strengthen the strategic partnership and discuss ways of collaboration with Vietnam.

Luxon also deliver a keynote speech at the ASEAN Future Forum in Hanoi.

“Our trade with Vietnam has grown by 40 per cent in the past five years, but we know there’s room for more and I’m committed to reaching our ambitious two-way trade goal of US$3 billion in 2026,” he says.

“With over two decades of five per cent-plus annual economic growth and a population of more than 100 million people, Vietnam is a market with huge opportunity for New Zealand, particularly in the areas of international education and high-quality food and beverage offerings.”

Luxon’s speech in Hanoi comes as New Zealand marks 50 years of dialogue relations with ASEAN.

“New Zealand’s future security and prosperity is linked to the success of ASEAN and its members,” Luxon says.

“We’re working hard to lift our cooperation and deepen the relationship with ASEAN, as we strengthen our international partnerships and leverage the opportunities they generate for Kiwi businesses.”

Along with the business delegation, the Prime Minister will be joined by Minister of State for Trade and Investment Nicola Grigg.

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