Vanuatu business strives to entice investors

Vanuatu Workshop participants

Upskilling Vanuatu entrepreneurs in promoting their business to entice investors has been a focus of the recent Business Capability and Investment Workshop in Port Vila.

Upskilling Vanuatu entrepreneurs in promoting their business to entice investors has been a focus of the recent Business Capability and Investment Workshop in Port Vila.

It is the third time the free workshop has been staged by Pacific Trade Invest (PTI) New Zealand, in partnership with the Vanuatu Chamber of Commerce and Industry (VCCI).

Held on September 17, about 18 participants, ranging from local export ready businesses and would-be exporters looking for some professional and practical know-how to sell their products internationally, took part in the workshop.

Acting Trade and Investment Commissioner for PTI Manuel Valdez and PTI Trade Development Manager Ian Furlong attended the workshop which provided participants an overview of the New Zealand business environment, current trading partners, understanding the market, pricing and profitability, value proposition and elevator pitch.

“The workshop also touched on the story about a New Zealand-based Chinese company willing to buy commodities to export in New Zealand and re-export them to the China market,” Manuel says.

“This same company is also looking for business and investment opportunities in Vanuatu.”

During the afternoon session, participants were given an overview of the global business environment; as well as the ease of doing business; opportunities for investment; ideas of where to invest; how to make an investment decision; and finance providers.

Small exporters from Vanuatu do face challenges when it comes to running their business effectively, however, such as government restrictions when doing e-commerce, most likely a safety net against money laundering and tax-related issues.

Ian says these workshops aim to clarify any difficulties entrepreneurs face in the Pacific while assisting them with exporting their products to New Zealand and further afield, more efficiently and successfully.

The workshop is part of PTI’s Path to Market programme. The Auckland-based organisation also staged a workshop in the Solomon Islands on September 19.

For more information, contact Pacific Trade Invest Trade Development Manager Ian Furlong – Ian.F@pacifictradeinvest.co.nz.

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