The prediction was made by experts at a March 27 seminar in HCM City on Indonesia’s advantages and potential.
Investment and Trade Promotion Centre (ITPC) Director Pho Nam Phuong, affirmed Indonesia is an important partner of Vietnam and a potential market for Vietnamese businesses with bilateral turnover fetching US$5.1 billion in 2013.
Last year, Vietnam’s ten key exports to Indonesia included mobile phones, clothes, footwear, rice, electronics equipment, chemicals, garments and textiles, while its major imports from Indonesia were coal, bronze and paper.
Indonesia ambassador to Vietnam HE.Mayerfas said that in 2013, Vietnam and Indonesia signed several memorandum of understanding (MoUs) on agriculture, energy and finance.
Both nations agreed to set up a sub-commission on Food and Energy Security Cooperation (JCFESC) in 2014 under the framework of the Joint Commission for Economic, Scientific and Technical Cooperation (JCESTC). Accordingly, Vietnam and Indonesia will strengthen connectivity and co-ordination for common economic development, to fulfill future cooperative targets.
Ari Satria, Director of Market Development and Export Information under Indonesia’s Ministry of Trade encouraged Vietnamese businesses to select competitive products with Indonesia’s Halal certification to make it easier for them to penetrate the market.
