Vietnam-Indonesia
trade predicted to reach US$10 bil
(VOV) - Vietnam and Indonesia aim to earn a two-way
trade of US$10 billion by 2018, creating favourable conditions for Vietnamese
businesses to fully tap the Indonesian market.
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.
VOV
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