The forum was organized by the Finance and Budget Committee; the Economic Committee of the National Assembly, the Ministry of Industry and Trade in coordination with the Indonesian Chamber of Commerce and Industry. About 200 business representatives attended, including about 170 Indonesian businesses and 30 Vietnamese businesses.
National Assembly Chairman Vuong Dinh Hue speaks. Photo: Doan Tan/VNA
Speaking at the forum, Vice Chairman of the Inter-Parliamentary Cooperation Committee of the Indonesian House of Representatives Pitu Supapma believed that the forum is a great opportunity to further strengthen the partnership between the two countries, especially in trade and investment. Vietnam has similarities in economic structure. The two countries also play an important role in promoting ASEAN's contribution to the global economy, accounting for more than 60% of the total GDP of ASEAN countries. Vietnam is currently Indonesia's 11th largest trading partner with a total trade turnover of 14 billion USD in 2022 and this figure is likely to increase further in the coming years.
Delegates attending the Forum. Photo: Doan Tan/VNA
Chairman of the Indonesian Chamber of Commerce and Industry M. Arsjad Rasjid PM expressed his impression of Vietnam's strong development and growth in recent years; believing that this is a model for ASEAN countries to learn from, including Indonesia. Emphasizing that Indonesia is aware of the great benefits in promoting cooperation with Vietnam, one of the partners with the strongest, longest-standing and most enduring relationship, even during the crisis caused by the COVID-19 pandemic, the Chairman of the Indonesian Chamber of Commerce and Industry hopes that through the forum, the two countries will become closer and closer together and together move towards a self-reliant, prosperous and sustainable future.
Speaking at the forum, National Assembly Chairman Vuong Dinh Hue said that Vietnam has identified two 100-year development goals for the country: By 2030 (the 100th anniversary of the founding of the Communist Party of Vietnam), Vietnam will strive to be a developing country with modern industry and high average income; by 2045 (the 100th anniversary of the founding of the country), Vietnam will become a developed country with high income.
To realize the above goals and aspirations, Vietnam identifies internal strength as the fundamental decision, harmoniously combining with external strength is important, making a breakthrough for the development of an independent, self-reliant economy associated with proactive, active deep international integration. Vietnam always identifies the foreign-invested economic sector as an important, organic component of the economy and has a very attractive investment environment and investment incentives.
To date, Vietnam has had 37,000 FDI projects with a total investment capital of nearly 450 billion USD, coming from 143 countries and territories, becoming one of the 20 most successful countries in attracting FDI in the world.
National Assembly Chairman Vuong Dinh Hue speaks. Photo: Doan Tan/VNA
National Assembly Chairman Vuong Dinh Hue affirmed: “The National Assembly and the Government of Vietnam always strive to perfect the synchronous economic institutions, a complete, synchronous and unified legal system that is stable and feasible; always accompany and consider the success of enterprises and economic sectors, including FDI enterprises, as its own success. That is the consistent message that Vietnam sends to the international business community, including the business community of Indonesia.”
National Assembly Chairman Vuong Dinh Hue said that in the economic field, Indonesia is Vietnam's leading important partner in the Asia-Pacific region. In the trend of strong restructuring of trade and investment flows on a global scale and in the current unstable and unpredictable world economic conditions, Vietnam and Indonesia can completely enhance trade facilitation for each other, not impose non-tariff trade barriers, enhance cooperation between businesses of the two countries in maintaining existing supply chains, cooperate to form and jointly develop new strategic supply chains in which both sides have strengths.
Accordingly, the two sides will create high value-added industrial products and strengthen cooperation in the fields of renewable energy, infrastructure investment, digital economy, circular economy, agriculture and fisheries, Halal industry and tourism.
At the forum, after Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan introduced Vietnam's industrial and trade policies; representatives of the Foreign Investment Department of the Ministry of Planning and Investment introduced foreign investment policies in Vietnam, representatives of leaders of a number of Vietnamese ministries and branches, leaders of the Indonesian Chamber of Commerce and Industry, and leaders of a number of large Indonesian corporations chaired a Q&A session on policies and laws to promote economic, trade and investment cooperation between Vietnam and Indonesia.
National Assembly Chairman Vuong Dinh Hue witnessed the signing ceremony of a cooperation agreement between Vietnamese and Indonesian enterprises (Vietnam National Shipping Lines - PT. VIREMA IMPEX: Signing an MOU on trade and coal transportation cooperation). Photo: Doan Tan/VNA
At the forum, National Assembly Chairman Vuong Dinh Hue witnessed the signing ceremony of a cooperation agreement between Vietnam National Shipping Lines and Black Diamond Resources TBK Company and Sinar Multi Surya Cemerlang Company; and the signing ceremony of an agreement between Vietnam Maritime Transport Joint Stock Company and Virema Impex Company.
National Assembly Chairman Vuong Dinh Hue and Mr. Aria Bima, Vice Chairman of Committee 6, House of Representatives of Indonesia, along with representatives of leaders and businesses of the two countries, within the framework of the Vietnam - Indonesia Policy and Law Forum, promoting economic, trade and investment cooperation, witnessed the opening ceremony of Vietjet Air's direct flight connecting Ho Chi Minh City with Jakarta, Indonesia.
National Assembly Chairman Vuong Dinh Hue and delegates perform the opening ceremony of the Ho Chi Minh City - Jakarta direct flight. Photo: Doan Tan/VNA
Jakarta is the third route to the Indonesian island nation that Vietjet has direct flights to, bringing the total number of flights between Vietnam and Indonesia to 84 flights per week, starting from August 2023.
According to VNA/Tin Tuc Newspaper
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