Politics

President hosts welcome ceremony for Indonesian counterpart

President Tran Dai Quang hosted an official welcome ceremony in Hanoi on September 11 for his Indonesian counterpart Joko Widodo, who is making a State-level visit to Vietnam on September 11 and 12.
President hosts welcome ceremony for Indonesian counterpart ảnh 1The two Presidents and their spouses at the welcome ceremony (Photo: VNA)
Hanoi, (VNA)- President Tran Dai Quang hosted an official welcomeceremony in Hanoi on September 11 for his Indonesian counterpart Joko Widodo, who ismaking a State-level visit to Vietnam on September 11 and 12.

After the ceremony, the two presidents held talks at the PresidentialPalace in Hanoi.

This is President Widodo’s first visit to Vietnam after his assumptionof the presidency in 2014.

The visit takes place in the context of new progress in theVietnam-Indonesia strategic partnership following the official visit toIndonesia by General Secretary of the Communist Party of Vietnam Nguyen PhuTrong in August 2017.

President Widodo’s trip is expected to help set the orientation forbilateral cooperation in the next years and aims to develop economiccooperation and expand market access between the two countries.

Vietnam and Indonesia established diplomatic relations on December 30,1955.

In recent years, trade between the two countries has seen encouraging growth.Two-way trade value rose to 6.5 billion USD in 2017 and 4.7 billion USD for thefirst seven month of this year. The two sides are striving to bring it to 10billion USD in 2020.

In terms of investment ties, as of June this year, Indonesia rankedfifth among ASEAN members and 30th among 126 countries andterritories investing in Vietnam, with 71 projects valued at 514 million USD.Indonesian investors mainly operate in oil and gas exploration andexploitation, coal mining, banking, hotels, wood processing, fibre productionand garment making in Vietnam.

Vietnamese investors are running 13 projects with a combined value of 54.7million USD in Indonesia, focusing on oil and gas and mining.-VNA
VNA
#President Tran Dai Quang #official welcome ceremony #President Joko Widodo's State visit #Vietnam-Indonesia strategic partnership
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