Investment

Indonesia-Vietnam signs cooperation in trade and investment.

Indonesia and Vietnam agreed to strengthen cooperation in trade and investment. The agreement was reached after a bilateral meeting between President Joko Widodo and Vietnamese Prime Minister Nguyễn Xuân Phúc at the Bali Nusa Dua Convention Center on Friday, October 12, 2018.

After the meeting, the two gave a joint statement in which President Jokowi said that Indonesia and Vietnam intensified bilateral and cooperative relations over time. “Just one month ago, Prime Minister Nguyễn Xuân Phúc and I met in Hanoi. This reflects the high intensity of bilateral relations based on Indonesian and Vietnamese Strategic Partnerships,” the President said.

Following up on a number of collaborations that have been achieved, the President thanked the Vietnamese government for the attention given to Indonesian investors who invested in Vietnam. In addition, he also appreciated the help of the Vietnamese government on the obstacles to Indonesia’s automotive exports to Vietnam some time ago. “I also appreciate the cooperation (the Vietnamese government) in overcoming the obstacles to Indonesian automotive exports to Vietnam,” he said.

On that occasion, the President expressed the desire of a number of Indonesian businessmen to explore new markets in Vietnam. These markets include those related to pharmaceutical products and medical devices.

In addition, the two countries also strengthened cooperation in a number of other fields such as the exclusive economic zone negotiations in each country, the eradication of fish theft, and the cooperation to promote ASEAN. “Two days after the meeting in Hanoi, the Exclusive Economic Zone (EEZ) negotiating team had held a meeting to find a mutually beneficial solution. We agreed to continue to encourage the negotiating team to intensify and immediately complete the negotiations,” he said.

While on the same occasion, the Vietnamese PM said that both countries agreed to increase trade. (bas)

BPMI

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