PM discusses trade facilitation with Indonesia’s business leader

Prime Minister Nguyen Xuan Phuc met with Chairman of the Indonesian Chamber of Commerce and Industry (KADIN) Rosan Perkasa Roeslani on October 12 during his stay in Indonesia for the ASEAN Leaders’ Gathering and a working visit.
PM discusses trade facilitation with Indonesia’s business leader ảnh 1Prime Minister Nguyen Xuan Phuc (R) and Chairman of the Indonesian Chamber of Commerce and Industry (KADIN) Rosan Perkasa Roeslani (Photo: VNA)

Bali (VNA) – Prime MinisterNguyen Xuan Phuc met with Chairman of the Indonesian Chamber of Commerce andIndustry (KADIN) Rosan Perkasa Roeslani on October 12 during his stay inIndonesia for the ASEAN Leaders’ Gathering and a working visit.  

The PM took note of the encouragingdevelopment of Vietnam-Indonesia ties over the past time, with bilateral tradevalue reaching 6.5 billion USD in 2017. Indonesia has more than 70 investment projectsin Vietnam worth more than 500 million USD.

However, the VietnameseGovernment leader said the current trade and investment partnership is stillmodest compared to potential.

According to him, given itsimportant role in promoting overall economic cooperation and supportingconnections between businesses, the KADIN should work closely with itsVietnamese counterpart to push business links between the two countries.                  

He suggested that the KADINrecommended to the Indonesian Government measures to further facilitate importsfrom Vietnam, and improve coordination in verifying documents on origin, qualitycontrol and quarantine of agricultural and fishery products.

PM Phuc also called for moredirect flights between tourist destinations of the two countries, noting thatgiven the large populations of both countries, when only 0.5 percent of thepopulation in one country travel to the other it would still be a significant number.

He asked the KADIN chairman to organizethematic conferences on tourism promotion, affirming that Vietnamese relevantagencies are ready to help with the work.                       

Rosan Perkasa Roeslani sharedthe Vietnamese PM’s view that there is room for bilateral trade and investmentto expand. He said Vietnam has been successful in opening its market andattracting foreign investment, which he said can be useful experience forIndonesia.

He added that based on his owninvestment in Vietnam in tourism and hotel business, he wants to promote cooperationbetween Indonesia and Vietnam in this field.-VNA
VNA

See more

VinFast showcases its complete range of electric vehicles at the BIMS 2024 exhibition. (Photo: VNA)

Vietnamese products rise from villages to global markets

Many Vietnamese brands like VinFast, Hoa Phat, Viettel, Vinamilk, and GrowMax have steadily increased their market share at home, expanded their export markets, and built production and value chains, all while contributing to the country’s economic growth.

At the forum (Photo: baoquocte.vn)

Vietnam – a land of opportunities for Nordic firms

Ole Linnet Juul, Senior Chief Advisor of the Confederation of Danish Industry, commended Vietnam’s recent strides, particularly in institutional reforms, technological advancements, innovation, and digital transformation.

Apartments building in HCM City. 2025 is predicted to be a crucial foundation year for the real estate sector in HCM City. (Photo baoxaydung.com.vn)

HCM City real-estate market predicted to recover this year

2025 will serve as a crucial foundation year for the real estate sector in Ho Chi Minh City, marking the path towards a full recovery by 2026 after facing challenges caused by COVID-19 and economic recession, experts predicted.

The Commission for Management of State Capital at Enterprises transfers the rights and responsibilities of the agency representing state capital ownership to the Ministry of Finance. (Photo: VNA)

State capital ownership rights transferred to Ministry of Finance

After merging with the Ministry of Planning and Investment and receiving 18 state-owned groups and corporations from the Commission for Management of State Capital at Enterprises (CMSC), the Ministry of Finance acts as the 'backbone' of the economy, managing all financial resources from public investment and resources from these groups and corporations, to foreign loans.

At the ceremony on February 28 to officially transfer MobiFone Telecommunications Corporation from the commission to the Ministry of Public Security. (Photo: VNA)

State-owned MobiFone now under Ministry of Public Security

MobiFone's profit before tax in 2024 was estimated at over 2 trillion VND (78.23 million USD), exceeding its annual target by 20.6%. The corporation's digital services sector has witnessed high growth rates across many products and services, including MobiFone Meet (1,050%), Cloud (312%), mobiAgri (49%), and MobiFone Invoice (58%).

Investors monitor the development of the stock market at MB Securities JSC (Photo: VNA)

Vietnam pushes to elevate stock market

Vietnam will create favourable conditions for the stock market to develop more breakthrough and innovative products, enhancing the quality of market offerings and attracting more investors.