Business

Vietnam, Indonesia eye stronger economic, trade ties

Prime Minister Pham Minh Chinh and Indonesian President Joko Widodo co-chaired a high-level business dialogue in Hanoi on January 13 morning as part of the latter’s state visit to Vietnam.
Vietnam, Indonesia eye stronger economic, trade ties ảnh 1Prime Minister Pham Minh Chinh (L) and Indonesian President Joko Widodo. (Photo: VNA)
Hanoi (VNA) – Prime Minister Pham MinhChinh and Indonesian President Joko Widodo co-chaired a high-level businessdialogue in Hanoi on January 13 morning as part of the latter’s state visit toVietnam.

At their meeting one day earlier, the two leadersshared the view that economic and trade ties remain a bright spot in bilateral relations, with two-way trade reaching 13 billion USD in the first 11months of 2023, and expected to soon hit 15 billion USD, and even 18billion USD by 2028.

At the dialogue, President Widodo suggested the two countriesstep up dialogues and high-quality cooperation to realise their common visionof becoming high-income nations by 2045.

Indonesia has opened a carbon trading exchange and ispromoting the e-vehicle industry, the President said, expressing his hope thatleading Vietnamese businesses will increase their investment in the country,especially in its new capital city, covering such spheres as the e-vehicleindustry, aviation, tourism, real estate, science-technology, banking, finance,education, and manufacturing.
Vietnam, Indonesia eye stronger economic, trade ties ảnh 2At the high-level business dialogue. (Photo: VNA)
For his part, PM Chinh held that President Widodo’s visit and hisopinions delivered at the dialogue will encourage enterprises to step up their cooperationand investment.

Pointing out that economic cooperation has yet tomatch the bilateral political ties as well as the two economies’ stature and the two sides' expectations, the PM called on businesses to continue their connectivity and investment in order to materialise high-level agreements between the two countries andfulfill their set targets.

He appreciated Indonesian investors in Vietnam, with manyprojects running successfully, noting the country is attracting investment inemerging sectors like digital economy, green economy, circular economy, knowledge-basedeconomy and sharing economy, along with the halal industry and agriculture.

The PM also expressed his hope that Indonesianbusinesses will support their Vietnamese counterparts to join supply chains inIndonesia and the world as well.

Vietnam always creates optimal conditions for enterprises,including those from Indonesia, to operate stably, sustainably and successfullyin the country, he affirmed.  

Earlier the same day, the two leaders exchanged views onissues of shared concern during their working breakfast./.
VNA
#Prime Minister Pham Minh Chinh #Indonesian President Joko Widodo #high-level business dialogue #economic and trade ties #Vietnam #Indonesia #VietnamPlus #Vietnam news
Follow VietnamPlus

Related News

Vietnam, Indonesia Presidents hold talks

Vietnam, Indonesia Presidents hold talks

Indonesian President Joko Widodo is in Vietnam for a three-day State visit. On January 12, President Vo Van Thuong hosted a welcome ceremony for and then held talks with the Indonesian leader.

See more

Pham Van Cong, Chairman of the Vietnam Cashew Association, speaks in a conference reviewing the industry’s 2025 performance and deploying procurement plans for 2026 in HCM City on March 13. (Photo: VNA)

Cashew sector braces for challenges in 2026 amid global uncertainties

Vietnam’s cashew industry recorded export turnover of about 5.5 billion USD in 2025, the highest level ever. He noted that the result reflects the industry’s remarkable development, dynamism and timely adaptation to complex and unpredictable challenges both domestically and globally.

An Phát Complex Industrial Park in Hai Phong City is one of the eco-friendly industrial parks. (Photo: VNA)

Green industrial parks become new magnet for FDI

Statistics show that about 80% of FDI enterprises prioritise investing in industrial parks with green energy infrastructure, reflecting a growing shift in investment preferences amid tightening global environmental standards.

Wood panel production at the Thuan An Wood JSC in Ho Chi Minh City (Photo: VNA)

Vietnamese businesses ride wave of investment in green manufacturing

Recent developments in private investment show that as confidence in the private sector has grown and is a key driver of economic development, investors are strengthening support for enterprises not only through capital but also management expertise and market connectivity.

Officers and soldiers of Son Tra Border Guard Station, Da Nang City Border Guard Command tell local fishermen about IUU fishing. (Photo: VNA)

Fishing solidarity groups help Vietnam with IUU “yellow card” warning removal

Over the years, coastal authorities in Da Nang have intensified efforts to educate fishermen about regulations, particularly the need to avoid illegal fishing in foreign waters. Local administrations and competent forces have also strengthened vessel registration and inspection procedures, installed vessel monitoring systems and ensured transparent declarations of catches at ports.

Representatives of Central Retail Vietnam and Lotte Plaza Market sign a distribution cooperation agreement at the networking event in Ho Chi Minh City on March 13. (Photo: VNA)

Vietnamese firms step up cooperation with international distribution chains

Connecting Vietnamese businesses with international distribution networks has been a key component of government-led trade promotion programmes for many years, which are designed to help domestic companies place goods directly into global retail systems rather than exporting solely through intermediaries.

Direct Hanoi–Amsterdam flights by Vietnam Airlines to begin on June 16. (Photo: Vietnam Airlines)

Vietnam Airlines to launch direct Hanoi–Amsterdam service on June 16

Under the plan, the Hanoi–Amsterdam route will commence operations on June 16, 2026, with an expected frequency of three return flights per week using modern wide-body Airbus A350 aircraft. This will be the first direct air link between Vietnam and the Netherlands, helping to shorten travel time and enhance connectivity between Vietnam and one of Europe’s key economic, logistics and aviation transit hubs.

Farmers harvest the 2025 Winter–Spring rice crop in An Giang province. (Photo: VNA)

An Giang accelerates export shift to meet green consumption trends

To enhance competitiveness, authorities are assisting businesses in obtaining globally recognised certifications such as GlobalG.A.P., Organic and HACCP, enabling key exports including rice, seafood and clean agricultural products to strengthen their position in global markets, according to Quang Xuan Lua, Director of the An Giang Centre for Trade and Investment Promotion.

Motorcycle riders refill their vehicles at a petrol station in Hanoi (Photo: VNA)

E5 RON92 biofuel price falls in latest adjustment

Since the beginning of this year, domestic fuel prices have undergone 14 adjustments, including five decreases and nine increases for RON95 and six declines and eight hikes for E5 RON92. Meanwhile, diesel price has fallen three times and risen 11 times.

A French customer is tasting Vietnamese lychee. (Photo: VNA)

Vietnamese agricultural products boost global brand recognition

Vietnam aims to achieve about 74 billion USD in agro-forestry-fishery export turnover this year. Expanding value-added products, improving quality standards and strengthening brand building, especially through international supermarket systems, will be key to enhancing the competitiveness and global recognition of Vietnamese agricultural products.