PM pins hope on stronger trade ties with Indonesia

10:25 | 19/04/2018 Vietnam - Asean

Prime Minister Nguyen Xuan Phuc has expressed his belief that trade between Vietnam and Indonesia will strongly grow in the time ahead, soon reaching US$10 billion. 

PM Nguyen Xuan Phuc (right) and Indonesian Foreign Minister Retno Marsudi - Source: VNA

At a reception for Indonesian Foreign Minister Retno Marsudi in Hanoi on April 17, the leader stressed that Vietnam and Indonesia are major trade partners of each other.

He noted with pleasure the positive growth of the two-way trade over the past time, at 6.5 percent during 2012-2016 and 16 percent in 2017 to hit US$6.5 billion.

Highlighting rosy signs of the bilateral investment ties, PM Phuc said Vietnam wants to cooperate with Indonesia in various realms.

He told his guest that Vietnam is pushing the improvement of the domestic business environment, urging Indonesian investors to expand their operation in the country.

For her part, Minister Retno Marsudi briefed her host on outcomes of the third meeting of the Vietnam-Indonesia Bilateral Cooperation Committee, which took place in Hanoi the same day.

She called on the two countries’ leaders to maintain the exchange of visits in order to step up bilateral cooperation across fields, and the Governments to create the best possible conditions for businesses of both sides to cooperate with each other.

Host and guest shared the view that the fruitful collaboration between Vietnam and Indonesia will contribute to consolidating and promoting cooperation and solidarity within the ASEAN to which both countries are members.

Theo VNA