Prime Minister Pham Minh Chinh and Indonesian President call on businesses of the two countries to strengthen cooperation and investment.

(Chinhphu.vn) - Within the framework of the State visit to Vietnam by Indonesian President Joko Widodo, on the morning of January 13, in Hanoi, Prime Minister Pham Minh Chinh and President Joko Widodo co-chaired the Vietnam-Indonesia High-Level Business Dialogue.

Thủ tướng Phạm Minh Chính và Tổng thống Indonesia kêu gọi doanh nghiệp 2 nước tăng cường hợp tác, đầu tư- Ảnh 1. — *Prime Minister Pham Minh Chinh and President Joko Widodo attend the Vietnam-Indonesia High-Level Business Dialogue - Photo: VGP/Nhat Bac*

Also attending were leaders of ministries, branches, associations and leading enterprises of the two countries. Previously, in the meeting between Prime Minister Pham Minh Chinh and the President of Indonesia on January 12, the two sides recognized that economic and trade cooperation is a bright spot in the relationship between the two countries. Indonesia still maintains its position as Vietnam's third largest trading partner and Vietnam is Indonesia's fourth largest trading partner in ASEAN with a trade turnover of nearly 13 billion USD in the first 11 months of 2023. The two sides strive to bring bilateral trade turnover to 15 billion USD soon and higher at 18 billion USD before 2028.

Thủ tướng Phạm Minh Chính và Tổng thống Indonesia kêu gọi doanh nghiệp 2 nước tăng cường hợp tác, đầu tư- Ảnh 2. — *Prime Minister Pham Minh Chinh and President Joko Widodo co-chaired the Dialogue - Photo: VGP/Nhat Bac*

The two sides agreed to facilitate and encourage businesses from both countries to invest in each other's markets; expand cooperation to new areas such as artificial intelligence, digital economy, green economy, renewable energy, investment in developing electric vehicle ecosystems and electric vehicle batteries; expand cooperation programs within the framework of the Just Energy Transition Partnership (JTEP); strengthen cooperation in the Halal field; strengthen cooperation in food security, research and promote the signing of a rice trade agreement, etc.

Thủ tướng Phạm Minh Chính và Tổng thống Indonesia kêu gọi doanh nghiệp 2 nước tăng cường hợp tác, đầu tư- Ảnh 3. — The Prime Minister suggested that with its role in ASEAN, Indonesia, Vietnam and other countries should strengthen solidarity within the ASEAN bloc for the development of each country - Photo: VGP/Nhat Bac

At the dialogue, businesses from both sides expressed their interest in the economic development policies of the two countries; policy mechanisms and solutions to enhance investment cooperation in the fields of the two economies. Delegates also shared about new development and investment trends, investment orientations in the coming time; and at the same time, made proposals to improve the effectiveness of cooperation, aiming at the common success of businesses in each country.

Thủ tướng Phạm Minh Chính và Tổng thống Indonesia kêu gọi doanh nghiệp 2 nước tăng cường hợp tác, đầu tư- Ảnh 4. — *Prime Minister: After nearly 70 years of establishment, Vietnam-Indonesia relations have continuously developed, in which economic cooperation is a bright spot - Photo: VGP/Nhat Bac*

Speaking at the dialogue, Indonesian President Joko Widodo said that Indonesia and Vietnam have a common vision of striving to become high-income countries by 2045. To realize that vision, the two sides need to increase dialogue and high-quality cooperation. The President said that Indonesia has development potential and has opened a carbon trading floor; and is promoting the development of the electric vehicle industry.

Thủ tướng Phạm Minh Chính và Tổng thống Indonesia kêu gọi doanh nghiệp 2 nước tăng cường hợp tác, đầu tư- Ảnh 5. — *Indonesian President Joko Widodo said that Indonesia and Vietnam have a common vision of striving to become high-income countries by 2045 - Photo: VGP/Nhat Bac*

President Joko Widodo welcomed and hoped that leading Vietnamese enterprises would cooperate and invest more in Indonesia, helping Indonesia realize its goals, especially investing in the new capital area of Indonesia, Nusantara. In particular, the Indonesian President hopes that VinFast will expand its investment in the electric vehicle sector; Vietjet Air will open more routes to tourist destinations in Indonesia; Sovico Group will invest in tourism and real estate projects; FPT Software will invest in the technology sector. In addition, the President hopes that many Vietnamese investors will invest in Indonesia in the fields of banking, finance, education, science and technology, manufacturing, etc.

Thủ tướng Phạm Minh Chính và Tổng thống Indonesia kêu gọi doanh nghiệp 2 nước tăng cường hợp tác, đầu tư- Ảnh 6. — *President Joko Widodo welcomed and hoped that leading Vietnamese enterprises would cooperate and invest more in Indonesia - Photo: VGP/Nhat Bac*

For his part, Prime Minister Pham Minh Chinh shared the vision of the Indonesian President; he said that President Joko Widodo's visit to Vietnam and the President's opinions at the dialogue were important, and at the same time created motivation and inspiration for businesses to promote cooperation and investment. Analyzing the current global context, the Prime Minister suggested that with its role in ASEAN, Indonesia, Vietnam and other countries should strengthen solidarity within the ASEAN bloc, for the development of each country and for the goal of peace, stability, cooperation and development in the region and the world. The Prime Minister assessed that the vision of becoming a high-income developed country by 2045 of the two countries requires the participation of the people and businesses of the two countries, and mutual support. The ideas of the business communities of the two countries presented at the Dialogue all focused on emerging and start-up fields, demonstrating great determination and desire to work with the two governments to promote bilateral relations to new heights. The Prime Minister welcomed the determination and efforts of businesses from both countries in development cooperation; he said that after nearly 70 years of establishment, Vietnam-Indonesia relations have continuously developed, in which economic cooperation is a bright spot. However, economic cooperation has not been commensurate with the level of political relations, the scale of the economy, the population of the two countries, as well as the wishes of both sides.

Thủ tướng Phạm Minh Chính và Tổng thống Indonesia kêu gọi doanh nghiệp 2 nước tăng cường hợp tác, đầu tư- Ảnh 7. — *Vietnam-Indonesia high-level business dialogue - Photo: VGP/Nhat Bac*

Therefore, there is no reason why businesses from both countries should not come to explore opportunities and continue to connect and promote investment to realize high-level agreements and ideas and goals of the two countries, quickly overcoming difficulties in the context of the current complex and unpredictable world, the Prime Minister emphasized. Prime Minister Pham Minh Chinh welcomed Indonesian businesses that have invested in Vietnam, including very successful projects, becoming models in economic cooperation between the two countries. The Prime Minister said that Vietnam encourages businesses to invest in emerging economic sectors such as digital economy, green economy, circular economy, knowledge economy, sharing economy and sectors in which Indonesia has strengths and Vietnam has other needs such as Halal food industry, agriculture...; hoping that Indonesian businesses will cooperate and support Vietnamese businesses to participate in the supply chain in Indonesia and globally. Further analysis, the Prime Minister said that Vietnam has strengths in agriculture, conditions for producing Halal food processing ingredients; hope that Indonesian businesses will come to Vietnam to cooperate, invest and produce Halal food. The Prime Minister also supported President Joko Widodo's wish to attract investment in Indonesia's new capital, so that together with Indonesia, they can soon achieve the set goals. Prime Minister Pham Minh Chinh affirmed that Vietnam always creates the best conditions for businesses, including Indonesian businesses, to invest and do business stably, long-term and successfully in Vietnam, including perfecting institutions, building infrastructure and training human resources, with the motto of "open policies and institutions, smooth infrastructure, smart governance" for businesses to invest conveniently. The Prime Minister emphasized that Vietnam always protects the legitimate and legal rights and interests of businesses, including Indonesian businesses, in the spirit of "harmonized benefits, shared risks", "harmonized interests between the State, people and businesses"; at the same time, always listens and dialogues with businesses to actively consider and properly handle their proposals; hope that businesses "will do what they say, and will do what they commit to do effectively". * Earlier that morning, Prime Minister Pham Minh Chinh and the President of Indonesia had breakfast together and discussed issues of mutual concern.