Indonesia-Vietnam business forum unlocks new cooperation frontiers
An Indonesia-Vietnam business forum was jointly held on September 26 by the Vietnam Chamber of Commerce and Industry – Ho Chi Minh City Branch (VCCI-HCM) and the Indonesian Consulate General in HCM City to ignite new business opportunities for small- and medium-size enterprises (SMEs) in the high-tech, agriculture, and fishery sectors.
Indonesian Consul General Agustaviano Sofjan speaks at the event. (Photo: VNA)
HCM City (VNA) - An Indonesia-Vietnam business forum was jointly held on September 26 by the Vietnam Chamber of Commerce and Industry – Ho Chi Minh City Branch (VCCI-HCM) and the Indonesian Consulate General in HCM City to ignite new business opportunities for small-and medium-size enterprises (SMEs) in the high-tech, agriculture, and fishery sectors.
Indonesian Consul General Agustaviano Sofjan vowed all possible support to connect the two countries’ business communities, especially in the high-tech sector.
Celebrating a decade of strategic partnership, with Vietnam being Indonesia's sole strategic partner in the Association of Southeast Asian Nations (ASEAN), the stage is set for deeper trade and investment ties.
Indonesia currently stands as Vietnam's third largest trade partner within ASEAN, while Vietnam ranks fourth for Indonesia. As of June 2024, Indonesia secured the 30th position among 146 countries and territories investing in Vietnam, with 115 projects valued at over 662 million USD.
Both nations have committed to swiftly developing an Action Plan for the 2024–2028 period, aiming to boost two-way trade to 18 billion USD by 2028. To achieve this, a multitude of trade and investment promotions are underway, alongside efforts to eliminate barriers for goods from both sides, he added.
VCCI-HCM Deputy Director Nguyen Huu Nam highlighted the growing dominance of Vietnamese goods in Indonesia, led by computers, electronics and components.
The Vietnamese and Indonesian governments are actively promoting collaboration in emerging fields such as digital economy, green economy, e-vehicle and battery ecosystems. Moreover, cooperation under the Just Energy Transition Partnership (JTEP) framework is expanding, with a focus on Halal and food security, he said.
🌳 Participants received updates on the Indonesian market and the upcoming Trade Expo Indonesia, the country's largest annual international trade exhibition. This event promises to facilitate direct trade connections between Indonesian firms and foreign partners in various sectors./.
Indonesia has increased its rice import demand by 30,000 tonnes in August compared to the previous month, bringing the total to 350,000 tonnes, according to the latest tender announcement from the Indonesian National Logistics Agency (Perusahaan Umum BULOG).
A delegation of the Vietnam Naval Academy led by its Deputy Director Colonel Nguyen Dinh Giang on July 18 paid a courtesy call on Governor of the Indonesian Naval Academy Rear Admiral Supardi as part of its visit to the country to exchange with the Indonesian Navy.
The Vietnam Water Supply and Sewerage Association (VWSA) and the authorities of Indonesia’s South Sumatra province have signed a Memorandum of understanding (MoU) on the management of local clean water.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Despite global economic uncertainties, Binh Duong has maintained strong momentum in both exports and industrial production during the first half of 2025.
