Vietnam and Indonesia discussed specific measures to advance their friendship and multi-faceted cooperation during the seventh meeting of the joint committee on economic, scientific and technological cooperation in Hanoi on August 12.


Accordingly, they will prioritise collaboration in trade, industry, energy, natural resources, minerals, investment, agriculture, forestry, fishery, transport, construction, education, culture, tourism, finance, banking, information and communications. 

Minister of Industry and Trade Tran Tuan Anh said the two sides also agreed to increase the exchange of delegations, information and experience in management and development, while working together to build new cooperation frameworks in various realms. 

Besides, they will tighten cooperation to remove difficulties hindering the bilateral ties and encourage connectivity between their private economic sectors in order to fully tap their potential.

Minister Tuan Anh and Indonesian Trade Minister Enggartiasto Lukita signed the minutes of the meeting. 

According to the Vietnamese Ministry of Industry and Trade’s Asia-Pacific Department, Indonesia is the world’s 16th largest economy and the largest market in Southeast Asia. 

Despite global and regional economic uncertainties over the past time, trade between Vietnam and Indonesia has made significant strides, the department said. 
Indonesia is Vietnam’s fourth largest trade partner in the Association of Southeast Asian Nations (ASEAN), with two-way trade expanding from US$4.6 billion  in 2012 to US$5.6 billion in 2016, and an annual average growth rate of about 5 percent. 

In 2016, export and import revenues between the two countries reached US$2.6 billion and US$3 billion, respectively. 

Bilateral collaboration in other fields like agriculture, investment, finance, banking and transport has also made new progresses.-

 

 

                                           Source: VOV

Related Topics


Yen Thuy district promotes strength of great national unity

Under the leadership of the Party Committee and the local administration, in recent times, the Vietnam Fatherland Front Committee of Yen Thuy district has focused on innovating its operation method, actively taking various solutions to effectively implement movements and campaigns.

Hoa Binh armed forces follow Uncle Ho’s teachings

In recent years, the Party Committee of the provincial Military Command has focused on directing the implementation of the Politburo’s Conclusion No. 01-KL/TW and resolutions and of the Party Committee of Military Region III on promoting virtues of Uncle Ho's soldiers and combating individualism in the new situation, along with a campaign on "upholding tradition, devoting talent, deserving to be Uncle Ho's soldiers” and building a strong and comprehensive unit.

Lac Thuy district replicates outstanding individuals, models

Lac Thuy district have always focused on detecting, fostering, and replicating outstanding individuals and models, which play a core role in patriotic emulation movements.

Hoa Binh delegation visits Laos’s Huaphane province

A delegation of Hoa Binh province on June 2 paid a courtesy visit to authorities of Huaphane province of Laos. The delegation included Nguyen Phi Long, Secretary of the provincial Party Committee; Bui Tien Luc, President of the Vietnam Fatherland Front Committee in Hoa Binh province; Bui Van Thang, Vice Chairman of the provincial People's Council; and Nguyen Van Chuong, Vice Chairman of the provincial People's Committee.

Hoa Binh arouses national pride among youth union members, youngsters

Over the past time, members of the Ho Chi Minh Communist Youth Union and young people in Hoa Binh province have actively organised practical and meaningful activities to celebrate the 70th anniversary of the historic Dien Bien Phu Victory (May 7, 1954 - 2024). The events offered opportunities for youth union members and young people to learn, arouse pride of a heroic time of their predecessors, and promote the sense of responsibility in the cause of national construction and defence.

Cao Phong district steps up campaign on following President Ho Chi Minh’s example

The Standing Board of the Party Committee of Cao Phong district has issued many documents to step up the implementation of the Politburo’s instructions regarding the campaign on studying and following President Ho Chi Minh’s thought, morality and lifestyle, a local official has said.