Business

Forum updates Indonesian firms on Vietnam’s business climate

A Vietnam-Indonesia forum on trade, business and investment promotion has been held in Surabaya city, the capital of Indonesia’s East Java province to update local firms on the business climate in Vietnam.
Forum updates Indonesian firms on Vietnam’s business climate ảnh 1A scene at the event (Photo: VNA)

Jakarta (VNA) – A Vietnam-Indonesia forum on trade, business andinvestment promotion has been held in Surabaya city, the capital of Indonesia’sEast Java province to update local firms on the business climate in Vietnam.

The event saw the attendance of about 100 representatives from localenterprises operating in the fields of food, beverage, pharmaceuticals,cosmetics and steel-iron.

This was the first Vietnam-Indonesia business forum held in Surabaya,the second largest city of Indonesia after Jakarta, which possesses greatpotential for development of investment, trade and services.

Addressing the forum, head of the Vietnamese Trade Office in IndonesiaLe Hong Minh gave the attendees a brief overview of the Vietnamese market and itspolicies on taxation, wages, office rental as well as investment incentivesoffered by some cities and provinces.

He also estimated the difference in costs for operating a business inVietnam in comparison with other markets such as Thailand, Hong Kong, China,New Zealand and Australia.

During the event, Vietnamese Ambassador to Indonesia Hoang Anh Tuan and representativesof the Vietnamese Trade Office answered enquiries raised by participatingenterprises on Vietnam’s laws and regulations regarding quarantine, tradebarriers, import-export, and anti-dumping duty on steel products.

East Java province is Vietnam’s biggest trade partner in Indonesia, Tuantold Vietnam News Agency reporters, expressing his hope that similar forumswould be held to attract investors from Surabaya and Indonesia as a whole toVietnam.

Vice President of the Chamber of Commerce and Industry (Kadin) in EastJava Johan Suryadarmar said Kadin has maintained a good contact channel withthe Vietnamese Embassy to further enhance business cooperation between the twocountries.

Leny Surya from Arrayana food company said the forum provided Indonesianfirms with better understanding about the Vietnamese market and hoped to havean opportunity to do business in Vietnam.-VNA
VNA
#Vietnam-Indonesia business forum #Indonesia #Vietnam #trade forum #Vietnam business climate #Vietnamese Trade Office #Hoang Anh Tuan #Vietnam News Agency #East Java #Johan Suryadarmar #Kadin #Indonesian firms Indonesia Vietnam
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