VNA reported that on the morning of March 10, in the capital Jakarta, General Secretary To Lam attended the Business Forum "Vietnam and Indonesia: Partnership for progress and prosperity".
At the seminar, opinions said that this was an event held at a very meaningful time in the context of the two countries celebrating the 70th anniversary of the establishment of diplomatic relations (1955-2025) and aiming to upgrade the relationship to a Comprehensive Strategic Partnership.
Economic relations between Vietnam and Indonesia have developed strongly, with bilateral trade turnover estimated at 16 billion USD in 2024 - up 16% over the same period last year, promising to achieve the bilateral trade target of 18 billion USD earlier than expected in 2028.
The opinions of businesses of the two countries highlighted the results of economic cooperation, investment opportunities and strategic partnerships in emerging fields such as artificial intelligence (AI), digital economy, green energy, electric vehicles and the Fair Energy Transition Partnership (JETP).
Speaking at the seminar, General Secretary To Lam said that the cooperation potential of the two countries still has a lot of room, strongly promoted by the internal strength of each country and the motivation from the Strategic Partnership between the two sides. This will increase consensus in each country; create conditions for mobilizing and concentrating resources for important cooperation programs and plans that benefit both sides.
The General Secretary hopes that Indonesian enterprises will continue to strive to become one of the largest investors in Vietnam, promoting advantages, taking advantage of opportunities based on an equal relationship, mutual respect and mutual benefit to match the strategic relationship between the two countries.
To achieve that goal, the General Secretary suggested that ministries, branches and relevant agencies of the two countries continue to concretize major policies and orientations of bilateral relations; promptly support and handle difficulties and problems of investors; continue to implement solutions to perfect the investment and business environment in an open and transparent manner.
The Indonesian Government will promote and encourage Indonesian enterprises to increase investment in Vietnam, while creating conditions and continuing to support Vietnamese investors to expand their investment and business activities effectively, especially projects in the fields of science, technology and innovation.
The business organizations and associations of the two countries continue to be an important bridge, connecting the business community and relevant agencies of both sides.
Investors of the two countries will research and expand investment in sectors and fields such as science, technology, innovation, research and development; development of chip, semiconductor, AI, Internet of Things (IOT) industries; new energy (such as hydrogen), renewable energy; financial technology, financial centers; biotechnology, healthcare... These are sectors and fields that Vietnam and Indonesia have great potential for development and are in need of attracting investment.
General Secretary To Lam affirmed that Vietnam is committed to creating all favorable conditions for effective investment and business activities, together aiming for the sustainable development goals of both sides.
