Mr Peters is expected to meet with President Moses Tallis, Prime Minister Charlot Salwai, Foreign Minister Ralph Regenvanu and Minister of Internal Affairs Andrew Napuat.
Mr Peters said it was his first visit to Melanesia since announcing the 'Pacific Reset', New Zealand's foreign aid hike and refocus in the region.
Just under 4500 ni-Vanuatu are involved in New Zealand's horticulture and viticulture industries.
The New Zealand delegation will leave Vanuatu on Saturday.
Earlier in the week, Mr Peters met with his Australian counterpart Julie Bishop in Canberra to discuss strategies for the Pacific.