NA Chairman Vuong Dinh Hue (R) and KADIN Chairman M. Arsjad Rasjid P. M. at a meeting in Jakarta on August 5. (Photo: VNA) Hue thanked Rasjid and KADIN for assisting Vietnamese agencies, ministries, andsectors to organise a forum on policies and laws to promote economic, trade,and investment cooperation in Jakarta.
He stressed the two countries boast very good political and diplomatic relations. The long-standing bilateral ties were set up by Presidents Ho Chi Minh andSukarno, he said, adding that this is a stepping stone for the two nations to foster ties in economy, trade,and investment more strongly in the current period.
NA Chairman Vuong Dinh Hue (R) and KADIN Chairman M. Arsjad Rasjid P. M. at a meeting in Jakarta on August 5. (Photo: VNA) Applaudingthe close cooperation between KADIN and the Vietnam Chamber of Commerce andIndustry (VCCI), Hue asked them to continue tightening relations and createconditions for Vietnamese and Indonesian businesses to connect with each other,thereby sustaining existing supply chains and creating new ones with productsthat have high value added and match the strengths of the two countries.
Rasjid held that Indonesia and Vietnam still hold much potential for cooperation inconsolidating regional supply chains, especially in digital transformation, innovationand energy transition; health care and the medical industry; food security toensure farmers are not left behind; along with trade and investment throughincreasing intra-ASEAN investment to improve regional and global supply chains.
The ASEANregion has a total population of more than 650 million, including over 270million in Indonesia and 100 million in Vietnam, therefore, this is a large market that needs to be further tapped into, he said.
The KADINChairman noted that if Indonesia and Vietnam can mobilise the strength of their businesscommunities, the two countries can maintain and reinforce regional supply chains, therebybecoming important stakeholders in the region and the world.
NA Chairman Vuong Dinh Hue addresses the Vietnam-Indonesia Forum on Policies and Laws in Jakarta on August 5. (Photo: VNA) Hue affirmed that the Vietnamese legislature and Government always strive to concertedly perfect economic institutions and legal system in a unified, stable and feasible manner; and always accompany and consider the success of businesses and economic sectors, including FDI enterprises, as their own success. “That is a consistent message that Vietnam sends to the international business community, including those from Indonesia,” he stressed.
In the economic field, 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.
Accordingly, the two sides can create industrial products with high added values, strengthen collaboration in the fields of renewable energy, infrastructure investment, digital economy, circular economy, agriculture, fisheries, Halal industry and tourism, said the top legislator.
Vietnamese and Indonesian businesses sign cooperation deals at the forum. (Photo: VNA) 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./.
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