State President calls on Indonesian businesses to expand cooperation with Vietnam

VOV.VN - President Nguyen Xuan Phuc expressed hope that the Indonesian Chamber of Commerce and Industry (KADIN) will encourage Indonesian businesses to pour greater investments into the Vietnamese market, during a meeting held on December 23 with KADIN Chairman Arsjad Rasjid in Jakarta.

Assessing the co-operation activities of the KADIN Chairman and Indonesian firms in the fields of trade and investment, the visiting leader said they have significantly contributed to building links between both sides, especially ahead to 2023 when the two countries mark their 10th anniversary since the implementation of the bilateral strategic partnership.

He pointed out that the current two-way trade revenue of US$13 billion remains low, particularly given similarities shared by Vietnam and Indonesia in terms of population, market, and co-operation priorities.

Firms from the two nations should therefore understand more about their respective markets, he stressed.
Vietnam has signed many free trade agreements (FTAs), including new-generation ones with high standards, the Vietnamese leader said, describing this as a prime opportunity for Indonesian firms.
He added that the country is currently stepping up administrative reforms and working to create open policies for investors.

Welcoming the chamber’s proposals regarding boosting ties in the areas of the two countries’ strengths such as agriculture and fisheries, President Phuc asked Rasjid to propose more policies to bolster the investment and trade links. This will help both sides to move towards a trade turnover of US$15 billion in 2028 in a balanced manner as agreed upon by leaders of the two countries.

For his part, Rasjid pledged that KADIN will strive to contribute to raising bilateral trade, adding that there remains room for businesses of the two countries to co-operate in the fishery and the automobile industry, whilst the chamber will encourage Indonesian firms to invest in these spheres.

He went on to expressed his desire to see greater Vietnamese investments in Indonesia so that both products from the two countries can participate in the global supply chain more intensively.

He suggested that leaders of Vietnamese and Indonesian ministries and agencies set out plans aimed at materialising co-operation agreements.

The same day, President Phuc met Albert, co-founder of Traveloka, a leading Southeast Asian online travel company. During this meeting the President called on the firm to expand its co-operation in Vietnam and continue to help the country to promote its land and people, thereby attracting more tourists moving forward.

President Phuc pledged to facilitate greater co-operation in digital transformation between Traveloka and Vietnamese enterprises moving forward.

In reply, Albert told the Vietnamese President that Traveloka has co-operated with more than 3,000 Vietnamese businesses to promote Vietnamese culture and tourism, while supporting various localities in this regard.

Albert also committed to continue supporting Vietnam in digital transformation, targeting small- and medium-sized enterprises and travel firms.

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