Vietnam, Indonesia target $10b in two-way trade by 2018

20-Nov-2014 Intellasia | VNA | 6:00 AM Print This Post

Vietnam and Indonesia have agreed to increase their two-way trade to 10 billion USD by 2018 as part of the two countries’ strategic partnership.

The target was set during a meeting between State President Truong Tan Sang and Indonesia’s President Joko Widodo on the sidelines of the Asia- Pacific Economic Cooperation (Apec) Economic Leaders’ Meeting in Beijing, China, the Indonesian Foreign Ministry said in its recent press release on the results of Apec, Asean and G20 meetings.

According to the statistics of Indonesia’s Foreign Ministry and national statistics office (BPS), two-way trade between two countries annually rose 25 percent in the past five years to reach 5.12 billion USD in 2013, doubling the figure in 2009. In the first eight months of this year, bilateral trade was 3.71 billion USD.

Indonesia’s investment in Vietnam is still moderate with the largest project on cement production worth 300 million USD.

According to Indonesia’s media and relevant agencies, Vietnam and Indonesia have a number of opportunities for mutual benefit.

 


Category: Economy, Vietnam

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