Indonesian President Susilo Bambang Yudhoyono will make a State visit to Vietnam on October 27 as the Islamic nation will take over the ASEAN chairmanship from Vietnam in 2011.
The two countries first established diplomatic relations in December 1955 and constantly developed them when Vietnam’s first President Ho Chi Minh and President Sukarno of Indonesia were both in power.
Two years later in 1957, the Vietnam-Indonesia Friendship Association was formed to promote relations between the peoples of both countries.
Bilateral relations witnessed a turning point when President Suharto visited Vietnam in November 1990. Ever since then, both countries have signed 23 treaties and agreements in various fields. The joint statement on the framework of friendship and comprehensive cooperation entering the 21 st century and the agreement on the continental shelf were milestones in the two countries relationship.
Two-way trade reached 2.3 billion USD in 2009 and 1.86 billion USD in the first eight months of this year. Vietnam’s major exports included rice, crude oil and agricultural products while its imports were mainly fertiliser, machinery, fabrics, paper and confectionary.
Indonesia is Vietnam’s sixth biggest ASEAN investor and 30 th out of the 89 foreign investors in Vietnam, with a total of 24 projects capitalised at 201 million USD.
Indonesian investments focus on oil and gas, coal, wood processing and textiles.
Indonesia has also provided scholarships for Vietnamese students in fields such as education, culture and languages.
Indonesia has given its full support to Vietnam in its role as chair of ASEAN and the ASEAN Inter-Parliamentary Association-31 as well as the country’s taking part in G20 summit in its capacity as ASEAN President.
The forthcoming State visit is aimed at boosting friendship, cooperation and mutual support in regional and international forums./.
The two countries first established diplomatic relations in December 1955 and constantly developed them when Vietnam’s first President Ho Chi Minh and President Sukarno of Indonesia were both in power.
Two years later in 1957, the Vietnam-Indonesia Friendship Association was formed to promote relations between the peoples of both countries.
Bilateral relations witnessed a turning point when President Suharto visited Vietnam in November 1990. Ever since then, both countries have signed 23 treaties and agreements in various fields. The joint statement on the framework of friendship and comprehensive cooperation entering the 21 st century and the agreement on the continental shelf were milestones in the two countries relationship.
Two-way trade reached 2.3 billion USD in 2009 and 1.86 billion USD in the first eight months of this year. Vietnam’s major exports included rice, crude oil and agricultural products while its imports were mainly fertiliser, machinery, fabrics, paper and confectionary.
Indonesia is Vietnam’s sixth biggest ASEAN investor and 30 th out of the 89 foreign investors in Vietnam, with a total of 24 projects capitalised at 201 million USD.
Indonesian investments focus on oil and gas, coal, wood processing and textiles.
Indonesia has also provided scholarships for Vietnamese students in fields such as education, culture and languages.
Indonesia has given its full support to Vietnam in its role as chair of ASEAN and the ASEAN Inter-Parliamentary Association-31 as well as the country’s taking part in G20 summit in its capacity as ASEAN President.
The forthcoming State visit is aimed at boosting friendship, cooperation and mutual support in regional and international forums./.
