The relationship between Indonesia and Vietnam has been going on for a long time, so that currently the two countries have agreed to set new targets in terms of trade. This was decided from the bilateral meeting of President Joko Widodo (Jokowi) with Vietnamese President Vo Van Thuong, Friday (12/1/2024).
“The 10 years of Indonesia and Vietnam’s strategic partnerships are celebrated by exceeding the trade target of US $ 10 billion (equivalent to IDR 155.6 Trillion) and the strength of cooperation in various fields,” Jokowi said when giving a joint press statement.
From that meeting Jokowi revealed that the two countries agreed to increase new trade targets. In addition, there is also an increase in cooperation in the fields of food, energy transition, and digital economy.
“Regarding the meeting I want to convey the first few things we agree to increase new trade targets,” Jokowi said.
On the same occasion the President of Vietnam, Vo Van Thuong also revealed several results of the meeting. One of them from the trade sector of the two countries set a new trade target of US $ 15 billion or equivalent to IDR 233.4 Trillion (IDR 15,565.00 /US $). He also requested specifically requested that agricultural products and Vietnamese halal products be given the ease of entering the Indonesian market.
“Third, try to quickly bring bilateral trade in the level of US $ 15 billion and more in accordance with the current direction. In addition, we also ask that Indonesia create ease of sharing of agricultural products and halal products from Vietnam to approach the Indonesian market,” said Thuong.
There is other cooperation such as strengthening in the fields of education, training, agriculture, fisheries, culture, tourism, and information technology. Also expands to other fields of potential such as the digital economy and energy transformation.
Thuong invites Indonesian business entities to further increase investment in Vietnam, especially in the banking sector, financial technology (fintech), creative innovation and so on. On the other hand, it makes it easy for Vietnamese business entities to invest in Indonesia.
In the automotive field, Vinfast, one of the largest private companies in the automotive field in Vietnam will build an electric car factory in Indonesia. He explained that this factory was able to compete with global electric automotive players by having a factory in the USA. Vinfast produces 250 thousand units of cars per year. The total investment of this cooperation is US $ 1.2 billion or equivalent to IDR 18.7 trillion.
“I believe that the visit of the Indonesian President Joko Widodo and Indonesia’s high-level delegation will make an active contribution to the development of Vietnam-Indonesia’s strategic relations and strategic partnerships in the interests of the people of two countries, for peace, the stability of cooperation and development in the region and the world, “concluded Thuong.
January 12, 2024, CNBC Indonesia & detikFinance
(https://finance.detik.com/energi/d-7140513/ri-gandeng-vietnam-bangun-pabrik-mobil-listrik-erick-kuatkan-ekosistem-ev)
(https://finance.detik.com/berita-ekonomi-bisnis/d-7138597/ri-dan-vietnam-sepakat-kerja-sama-di-bidang-pertanian-perikanan)