Jakarta (VNA) – President Nguyen XuanPhuc expressed his hope that the Indonesian Chamber of Commerce and Industry (KADIN)will encourage Indonesian businesses to pour more investments into Vietnam, in hismeeting with KADIN Chairman Arsjad Rasjid in Jakarta on December 23.

Lauding cooperation activities of the KADIN Chairmanand Indonesian businesses in the fields of trade and investment, the visiting leader said theyhave significantly contributed to collaboration between Vietnam and Indonesia,especially in 2023 when the two countries mark the 10th anniversaryof the bilateral strategic partnership.

He pointed out that the two-way traderevenue of 13 billion USD still remains low, given similarities shared byVietnam and Indonesia in terms of population, market and cooperationpriorities.

The two countries’ enterprises should understandmore about the respective markets, he stressed.

Vietnam has joined many free trade agreements(FTAs), including new-generation ones with high standards, the leader said, describingthis an opportunity for Indonesian firms.

He added that Vietnam is stepping up administrativereforms and working to create open policies for investors.

Welcoming the chamber’s proposals on boostingcooperation in the areas of the two countries’ strengths like agriculture andfisheries, Phuc asked it and Rasjid to propose more policies to bolster theinvestment and trade links, towards a trade turnover of 15 billion USD in 2028in a balanced manner as agreed upon by leaders of the two countries.

For his part, Rasjid pledged KADIN will work tocontribute to raising the bilateral trade, adding that there remains room forbusinesses of the two countries to cooperate in fishery and the automobile industry, and that thechamber will encourage Indonesian firms to invest in these spheres.

The KADIN Chairman also expressed his hope for moreVietnamese investments in Indonesia so that both Vietnamese and Indonesianproducts can participate in the global supply chain more intensively.

He suggested leaders of Vietnamese and Indonesianministries and agencies set out plans materialising cooperation agreements.

The same day, Phuc met Albert, co-founder ofTraveloka - a leading Southeast Asian online travel company, during which thePresident called on the firm to expand its cooperation in Vietnam and continueto help the country promote its land and people, thus attracting more tourists.

Phuc pledged to facilitate cooperation in digitaltransformation between Traveloka and Vietnamese enterprises.

In reply, Albert told the President that Travelokahas cooperated with more than 3,000 Vietnamese businesses to promote Vietnameseculture and tourism, while supporting various localities in this regard.

Albert also committed to continue supporting Vietnamin digital transformation, targeting small- and medium-sized enterprises andtravel firms./.