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Forum bolsters VN-Indonesia trade ties

Update: December, 12/2015 - 10:54
HA NOI  (VNS) — A forum was held in Ha Noi yesterday for Vietnamese and Indonesian enterprises to forge stronger partnerships towards the US$10 billion trade value set for 2018.

Jointly organised by the Viet Nam Chamber of Commerce and Industry (VCCI) and the Embassy of Indonesia in Viet Nam, it helped the businesspeople to understand more about the respective country's investment and trade needs, especially when the ASEAN Economic Community is formed by the year-end and Indonesia is the biggest market in ASEAN.

Addressing the event, VCCI Vice President Doan Duy Khuong recalled that during the 60th anniversary of the two countries' diplomatic ties, the business circles expressed their wishes to be provided with more favourable conditions to step up investment and trade, in particular in core areas.

Pratito Soeharyo from the Indonesia Investment Coordinating Board said Indonesia had a particular interest in the Vietnamese market, stemming from its economic integration.

A majority of the Indonesian business delegation to the event are operating in education, mining, construction, and construction materials, garment and textiles, support industry, among others.

According to the Ministry of Industry and Trade, two-way trade between Viet Nam and Indonesia reached $5.4 billion in 2014.

Over the first nine months this year, the figure posted at nearly $3.5 billion, up 6 per cent from the same period last year.

The two nations target to raise it to $10 billion by 2018. — VNS

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