Business

Forum boosts trade collaboration between Vietnam, Indonesia

A business forum on expanding trade cooperation between Indonesia and Vietnam, introducing the 38th Trade Exhibition Indonesia (TEI) 2023, and learning about the Halal market was held in Ho Chi Minh City on October 5.
Forum boosts trade collaboration between Vietnam, Indonesia ảnh 1Delegates attending the business forum (Photo: VNA)
HCM City (VNA) - A business forum on expanding trade cooperation betweenIndonesia and Vietnam, introducing the 38th Trade Exhibition Indonesia (TEI)2023, and learning about the Halal market was held in Ho Chi Minh City onOctober 5.

In his opening remarks, Ho Xuan Lam, Vice President andGeneral Secretary of the HCM City Union of Friendship Organisations (HUFO), said thatsince Vietnam and Indonesia set up diplomatic ties in 1955, theirrelations have developed strongly in all fields, with two-way trade enjoying positivegrowth to hit 14.1 billion USD in 2022, a threefold increase compared to the figure 10 years ago.

The forum was a chance for the two sides’ enterprises tomeet and seek opportunities to boost trade cooperation and nurture closefriendship between the Vietnamese and Indonesian people.

Cao Thi Phi Van, Deputy Director of the Ho Chi Minh City Investmentand Trade Promotion Centre, said that Indonesia, which has the largest Muslimpopulation in the world with more than 267 million people, has the biggestdemand for Halal-certified products, which is a potential market for Vietnamesebusinesses.

Export businesses should proactively learn about and applyfor Halal certification to access this market, Van advised.

Indonesian Consul General in HCM City Agustaviano Sofjansaid that the forum provided detailed information about Halal products that havethe potential to become an important economic growth driver for Indonesia witha contribution of about 5.1 billion USD per year.

It also helped the city’s businesses better understand theconcepts of Halal and the Halal market, therefore contributing to increasing opportunitiesfor cooperation between firms of the two countries in the coming time./.
VNA
#Vietnam #Indonesia #business forum #Ho Chi Minh City #Trade Exhibition Indonesia #Halal #Vietnamplus #Vietnam News Agency Indonesia
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