Indonesian embassy promotes palm oil, paper trade with Vietnam
The Indonesian Embassy in Vietnam held a seminar in Hanoi on July 26 with the aim of linking the two countries’ businesses in the trade of palm oil and paper.
Hanoi (VNA) – The Indonesian Embassy inVietnam held a seminar in Hanoi on July 26 with the aim of linking the twocountries’ businesses in the trade of palm oil and paper.
Addressing the event, Ambassador Ibnu Hadi said thatthe relations between Vietnam and Indonesia have been growing. In 2016, two-waytrade reached 5.6 billion USD, he noted, added that the two sides agreed to liftup the figure to 10 billion USD in 2018.
Vietnam mostly exported to Indonesia telephones, iron,steel, machineries, equipment, rice, computer, electronics and spare parts,garment, leather and footwear materials, vehicles, plastics and plasticmaterial.
The ambassador said that last year, paper was thethird largest goods that Indonesia exported to Vietnam with revenue of 181million USD, followed by animal and plant oil with 161 million USD.
In order to beef up the Vietnam-Indonesia cooperation,especially when the ASEAN Community has been formed and the region hasexperienced many significant changes, the two sides should increase theexchange of information and investment promotion as well as the connectionamong businesses, thus improving the competitiveness of ASEAN enterprises, he said.
Meanwhile, Pham Quoc Manh, public relations officialof the Indonesian Embassy said that last year, Indonesia ranked 14th in the worth in terms of export of paper, mostly printing paper, with revenueof 3.2 billion USD.
Indonesia is also the world top exporter of palm oilas the country provides 36 million tonnes out of total 56 million tonnesexported by countries around the world, or 62 percent, he added.
At the event, Indonesian Embassy officials also sharedinformation on cooperation opportunities in palm oil and paper trade withparticipating Vietnamese businesses.-VNA
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Illustrative image (Source: VNA) 
