VFIPA is pleased to announce successful outcomes from the recent discussions with Pacific Trade Invest (PTI) China and local businesses in Port Vila & Santo. The meetings, aimed at increasing Foreign Direct Investment (FDI) to Vanuatu, have yielded positive results that promise to contribute significantly to the growth of the national economy which aligns with the Vanuatu Government’s ambitious 100 -day plan.

Ms. Jane Ma, Head of Investments, from PTI China engaged with various foreign and local entrepreneurs and business leaders, focusing on opening new avenues for local businesses to access vital resources, markets, and networks that will drive growth and contribute to the overall economic development of Vanuatu. This includes access to market intelligence, export facilitation, and investment matchmaking services. As part of these discussions, businesses were introduced to the PTI China online platform, which is an important step in deepening engagement and offering a digital gateway for Vanuatu businesses to connect with Chinese markets and potential new investors. During the business mission trip, Ms. Jane Ma, visit few of the businesses that took part in the PTI China online platform, leading to positive feedback received from participants. This reflects a strong collaboration and a shared vision of enhancing Vanuatu’s economic landscape supporting foreign direct investment.

“VFIPA is committed to promoting and facilitating FDI in Vanuatu, and the outcomes from these discussions with PTI China are a testament to our ongoing efforts and commitments,” said Lee Tabi, Senior Investment Officer of VFIPA in the Northern Region. “Together will work towards achieving the goals set forth in the government’s 100-day plan.”

With Chinese nationals as one of the emerging and strongest FDI market in Vanuatu, there were also discussions highlighting attracting more investors in these key areas where investments could be directed, including tourism, agriculture, renewable energy, and infrastructure development. This sector aligns to overall government directives and VFIPA’s commitment in promotion these sectors.

Port Vila City is responsible for majority of the inward FDI, and now Vanuatu is strategically considering Santo as an economic corridor, the possibilities for growth and innovation are expansive. The creation of Economic Development Zone (EDZ) in Santo, is beneficial to emerging markets, particularly in China, considering the implementation of the Special Economic Zones (SEZ). This includes Luganville Main Wharf with a total length of berth at 361 meters, providing opportunities for existing and new customers.

VFIPA believes that strong partnerships with international investors will not only boost our economy but also create opportunities for local businesses to thrive through the Private Public Partnership (PPP), to deliver high investment projects that are targeted, also central to achieving Vanuatu’s overall development goals. The agency remains dedicated to providing support and guidance to ensure that Vanuatu remains an attractive destination for FDI.

VFIPA and PTI China are committed to continuing these engagement efforts and welcome expressions of interest from other business owners who would like to participate in future meetings or forums. This working collaboration is a testament to our commitment to promoting Vanuatu as a prime destination to attract foreign investment and more importantly creating an inclusive investment climate for new investment opportunities.