Vietnam, Indonesia have potential to boost economic partnership: Experts
Vietnam and Indonesia have the potential to develop stronger cooperation in economy, trade and investment, participants at a trade promotion conference heard in Ho Chi Minh City on December 19.
HCM City (VNA) - Vietnam and Indonesia have the potential to develop stronger cooperation in economy, trade and investment, participants at a trade promotion conference heard in Ho Chi Minh City on December 19.
Nguyen Tuan, Vice Director of the HCM City and Trade Promotion Centre (ITPC), said that Indonesia is a big market for Halal products, and a promising importer of Vietnam among ASEAN member countries.
Statistics from the General Department of Vietnam Customs show that trade between Vietnam and Indonesia reached 11.58 billion USD in the first 10 months of 2022, including Vietnam’s exports of 3.78 billion USD, up 22.3% year on year.
Among Vietnamese products exported to Indonesia, computers, electronic products and components are the leading groups in terms of turnover.
Tuan held that Vietnamese products have gradually clinched their position in the Indonesian market with rising export revenue. However, strong products such as farm produce, garment and textile, foodstuff, home appliances and consumer goods have yet to be popular in the market, he said, stressing that there is high potential for the two sides to boost their economic, trade and investment partnership.
In order to optimise the advantages of businesses from the two sides and speed up the post-pandemic economic recovery, the ITPC will hold more trade promotions and exchange activities to support Vietnamese and Indonesian firms to meet and seek partnerships.
Indonesian Consul General in HCM City Agustaviano Sofjan underlined despite the adverse impacts of COVID-19 on the global economy, Vietnam and Indonesia have been the two fastest recovering economies in the region.
The results have not only benefited people of both countries, but have also contributed to creating a favourable business environment and stability in the region, he said.
The diplomat pledged that Indonesian agencies always create optimal conditions for businesses from both sides, thus creating more chances to expand their networks and seek more partnerships./.
Indonesian well-known scholar Prof. Aleksius Jemadu has said that Indonesia and Vietnam have a lot of potential to strengthen relations in economy, trade, and investment, and jointly promote and maintain regional stability thanks to their traditional relationship and shared view on issues.
Former Indonesian Ambassador to Vietnam Ibnu Hadi has shared that he is “very impressed that Vietnamese people are very humble and hard working” that are formed and nurtured during the process of national construction and development.
Vietnamese President Nguyen Xuan Phuc’s state visit to Indonesia will mark a new milestone in the unique and old relationship between the two countries, Veeramalla Anjaiah, a senior researcher at the Centre for Southeast Asian Studies (CSEAS) in Indonesia, has said.
The upcoming state visit to Indonesia by Vietnamese President Nguyen Xuan Phuc is very crucial for the two countries to continue their discussion on how the two countries can substantially create synergy and cooperate with one another to become economic generators in the region, according to President of the Indonesia-Vietnam Friendship Association (IVFA)'s President Budiarsa Sastrawinata.
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Participants at the event (Photo: VNA) 
