Korean investments in Indonesia totalled 15.4 billion USD as of late 2023, proving that Indonesia is not only a destination for investment, but also a strategic partner in long-term, sustainable growth.
The new air routes play a key role in strengthening connectivity between Vietnam and China, especially as 2025 marks the 75th anniversary of bilateral diplomatic relations, and the Year of China-Vietnam Humanistic Exchange. They represent an important step forward in fostering aviation cooperation between the two countries, while also providing favourable opportunities for tourism development, trade cooperation, and cultural exchanges between their cities.
In ASEAN, Indonesia is Vietnam's third-largest trading partner, while Vietnam is Indonesia's fourth-largest trading partner. Bilateral trade exceeded 16 billion USD last year, with Vietnam's exports estimated at over 6 billion USD, the highest ever recorded.
Party General Secretary To Lam expressed his hope that Indonesian businesses will continue to grow and stay among the largest investors in Vietnam. He encouraged them to leverage their strengths and seize opportunities based on equality, mutual respect, and shared benefits, in alignment with the strategic relations between the two countries.
Prime Minister Pham Minh Chinh on March 8 highlighted the need to promote economic cooperation, to contribute to achieving an 8% economic growth target in 2025, and double-digit rates for the following years.
Prime Minister Pham Minh Chinh requested ministries, sectors, and local authorities to proactively solve existing problems related to foreign investment projects, facilitate the expansion of foreign businesses' investment and operations, and enable Vietnam to integrate more deeply into global supply chains.
In recent years, the Vietnam - China relationship has remained stable, achieving substantive results in economic cooperation, a Chinese expert noted, underlining the necessity of promoting collaboration in this field.
China - Vietnam's economic ties have flourished, with bilateral trade and investment growing rapidly. In 2024, trade reached 260.65 billion USD, up 13.5% from the previous year, while Vietnam is also an important destination for Chinese investors.
The United Arab Emirates (UAE) remains a vital market and partner for Vietnam in the Middle East, according to Vietnamese Ambassador to the UAE Nguyen Thanh Diep.
Indonesian President Prabowo Subianto has shown his country’s desire to become a member of the BRICS - the alliance of major emerging economies initiated by Brazil, Russia, India, China, and South Africa.
Vice State President Vo Thi Anh Xuan held talks with Swedish Prime Minister Ulf Kristersson on November 11, as part of her on-going official visit to the West European country, during which the two sides agreed to further deepen bilateral relations in the time to come.
Prime Minister Pham Minh Chinh hosted a reception in Hanoi on October 14 for visiting Governor of Gunma prefecture Yamamoto Ichita and representatives of 25 businesses from the Japanese locality.
Vietnam is committed to creating favourable conditions for member companies of the MEDEF (the French Business Confederation) in particular and foreign investors in general to invest and do business effectively in the country, said Party General Secretary and State President To Lam.
Capitalising on the great potential for economic cooperation with countries of the Francophone community is one of the top Francophone cooperation priorities of Vietnam in the years to come, according to Party General Secretary and State President To Lam.
General Secretary of the Communist Party of Vietnam Central Committee and State President To Lam met with Cuban Prime Minister Manuel Marrero Cruz in Havana on September 26 afternoon (local time).
Prime Minister Pham Minh Chinh urged Mitsui & Co., Ltd of Japan to accelerate the implementation of the Block B gas-electricity project and expand its cooperation and investment in other sectors in Vietnam, especially offshore wind energy development, during a meeting with its Chairman Tatsuo Yasunaga in Hanoi on September 11.
National Assembly (NA) Vice Chairwoman Nguyen Thi Thanh received in Hanoi on August 28 visiting Minister of Small- and Medium-sized Enterprises and Startups Oh Young Joo of the Republic of Korea, proposing the guest continue coordination with Vietnamese agencies to strengthen economic cooperation and promote the implementation of measures to increase bilateral trade.
Entrepreneurs of Vietnam and the Republic of Korea (RoK) have defined information technology and semiconductors as the most promising areas for future economic cooperation between the two countries, according to a recent survey conducted by the Korea Chamber of Commerce and Industry (KCCI).
