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Last updated: Monday, October 15, 2018

 

Vietnam - Indonesia Business Forum to Be Held in September

Posted: Thursday, August 09, 2018

The President of Vietnam Chamber of Commerce (VCCI) Vu Tien Loc received Indonesian Ambassador Ibnu Hadi on August 7th to discuss the organising of the Vietnam- Indonesia Business Forum on the occasion of the official visit to Vietnam by the President of Indonesia in September.

At the meeting, the two sides discussed the agenda and plan to organise the Vietnam-Indonesia Business Forum. Dr Loc said that VCCI would work closely with Indonesia to organise this forum in September 11-13, adding that the forum would be an opportunity for the two sides to better understand the strengths of each other and increase opportunities for cooperation and investment.

Ambassador Ibnu Hadi agreed that the Vietnam-Indonesia Business Forum is an extremely valuable opportunity for the two countries' enterprises to meet and initiate business contacts. Through the VCCI, Ambassador Ibnu Hadi also wanted to invite the Vietnam Prime Minister to attend the forum.

According to statistics, two-way trade turnover between Vietnam and Indonesia continued to increase. In 2017, Vietnam's export to Indonesia was about US$2.9 billion, an increase of 9.2 per cent compared to that of 2016; import turnover from Indonesia reached US$3.6 billion, up 20.9 per cent over the same period in 2016. The two sides set a two-way trade turnover of US$10 billion by 2018. Vietnam's strength exports to Indonesia is rice and crude oil; products of Indonesia's strength exported to Vietnam are some products for industrial production such as chemicals, pulp, raw materials for textiles, leather, fertiliser, etc.

Giang Tu










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