Dec 19, 2020 / 13:01

Vietnam, Indonesia target US$10-billion bilateral trade turnover in 2021

There has been a growing number of Indonesian investors coming to Vietnam, especially in the field of digital economy.

In a context of strong bilateral relations, Vietnam-Indonesia trade turnover exceeded US$9 billion in 2020 and could reach the US$10-billion mark in 2021.

 Secretaryof the Hanoi Party Committee Vuong Dinh Hue (r) and Indonesian Ambassador Ibnu Hadi (l). Photo: Viet Thanh. 

Secretary of the Hanoi Party Committee Vuong Dinh Hue share his view in a meeting with the out-going Indonesian Ambassador Ibnu Hadi who came to bid farewell.

“Hanoi and Jakarta, the two capital cities of Vietnam and Indonesia, have contributed a significant part to the Vietnam-Indonesia relations,” he noted.

Indonesia is one of the countries with the highest number of tourists coming to Hanoi, while many projects from Indonesian investors are operating efficiently in Vietnam in general, and in Hanoi in particular, Mr. Hue said.

The Hanoi party chief said this year, Hanoi is on track to reach an estimated economic growth of nearly 4%, which is lower than the year’s target of 7.5% but would be 1.5 times higher than the national average (2.5-3%).

“Such result is thanks to Hanoi’s successful efforts in containing the Covid-19 pandemic,” Mr. Hue added.

 Delegates at the meeting. Photo: Viet Thanh. 

In 2021, Hanoi targets to regain the growth momentum by pushing for administrative reform, greater competitiveness and improvements in the business environment, Mr. Hue said.

The goal would be to attract more investors to do businesses in the city, including those from Indonesia.

Indonesian Ambassador Ibnu Hadi said there has been a growing number of Indonesian investors coming to Vietnam, especially in the field of digital economy.

“This shows the attractiveness of Vietnam’s business environment and its incentive policies,” stated Mr. Hadi, expecting to see growing presences of Indonesian companies in Vietnam.

According to Mr. Hadi, Vietnam has become an example in the fight against the Covid-19 pandemic, which is also the reason for a strong economic growth of Hanoi and also of Vietnam in overall.

The Ambassador said regardless of his position in the future, he would continue to contribute to the bilateral relations of the two countries and that of between Hanoi and other provinces/cities of Indonesia.