World Economy

Vietnam, NZ to Double Trade

Vietnam, NZ  to Double TradeVietnam, NZ  to Double Trade

Vietnam and New Zealand have signed several cooperation agreements during a visit by Prime Minister John Key to Hanoi as they seek to double bilateral trade in the next five years. Key is on his first visit to the Southeast Asian country since 2010. He said Sunday that the agreements covering education, aviation and health care will facilitate companies from both countries to do more business, AP reported. “Today we’ve signed a number of agreements which will see greater opportunities for New Zealand and Vietnamese companies to do more business together, for more students to be educated both in New Zealand and through New Zealand universities here in Vietnam and also see greater exchange of people-to-people links through tourist visits,” Key told reporters at a joint news conference with his Vietnamese counterpart, Nguyen Tan Dung. The two countries seek to bring bilateral trade to $1.7 billion by 2020. Two-way trade stood at $800 million last year.