The 1972 New Zealand gallantry awards were announced via two Special Honours Lists dated 7 March and 27 July 1972, and recognised five New Zealand military personnel for gallant and distinguished service during operations in Vietnam.

Distinguished Flying Cross (DFC) Squadron Leader Robin John Klitscher – Royal New Zealand Air Force. Lieutenant Edwin Grant Steel – Royal New Zealand Infantry Regiment.

Military Medal (MM) Lance Corporal John Leonard Adams – Royal New Zealand Infantry Regiment.

Mention in despatches Lieutenant (temporary Captain) Robert John Sutherland Munro – Royal New Zealand Corps of Signals. Private Taare Parekura – Royal New Zealand Infantry Regiment.

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