Vietnam, Indonesia have great potential for stronger cooperation in trade, investment
(VOVWORLD) - NA Chairman Vuong Dinh Hue on Saturday attended Vietnam-Indonesia Forum on Policies and Laws to promote economic, trade and investment cooperation which drew more than 200 businesses of the two countries.
 NA Chairman Vuong Dinh Hue addresses the Vietnam-Indonesia Forum on Policies and Laws in Jakarta on August 5. (Photo: VNA) |
The forum creates an opportunity to strengthen bilateral cooperation, especially in trade and investment. Vietnam is Indonesia’s 11 largest partner with total trade of 14 billion USD last year and the figure is to rise in the coming years.
Mr. Hue said that Indonesia is a leading important partner of Vietnam in the Asia-Pacific region. In the trend of strong restructuring of trade and investment flows on a global scale and in the current unstable and unpredictable world economic conditions, Vietnam and Indonesia can enhance trade facilitation for each other by not imposing non-tariff trade barriers, strengthening cooperation between businesses in maintaining existing supply chains, and forming new strategic ones in which both sides have strengths.
 Vietnamese and Indonesian businesses sign cooperation deals at the forum. (Photo: VNA) |
The two sides agreed to enhance cooperation in renewable energy, infrastructure investment, digital economy, circular economy, agriculture, fisheries, Halal industry and tourism. At the forum, the NA Chairman witnessed the signing of cooperation agreements between the Vietnam National Shipping Lines Corporation (Vinalines) and Indonesia’s PT Black Diamond Resources Tbk and PT Sinar Multi Surya Cemerlang; and between the Vietnam Ocean Shipping Joint Stock Company and PT Virema Impex Company of Indonesia.
On this occasion, Vietjet launched a direct air route linking Ho Chi Minh City of Vietnam with Indonesia’s Jakarta capital city. This is Vietjet's third direct air route to Indonesia, raising the total number of flights between the two countries to 84, starting in August 2023.