• 2025.10.27 (Mon)
  • All articles
  • LOGIN
  • JOIN
Global Economic Times
APEC2025KOREA가이드북
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
  • Lee Yeon-sil Column
  • Ko Yong-chul Column
  • Photo News
  • New Book Guide
  • Cherry Garden Story
MENU
 
Home > World

Vietnam and Indonesia Aim for $18 Billion in Bilateral Trade by 2028

Eugenio Rodolfo Sanabria Reporter / Updated : 2025-03-12 16:37:38
  • -
  • +
  • Print

Jakarta, Indonesia – Vietnam and Indonesia have solidified their commitment to deepen their strategic partnership, setting an ambitious target to elevate bilateral trade to $18 billion by 2028. This pledge was made during a pivotal meeting between Tô Lâm, General Secretary of the Communist Party of Vietnam, and Puan Maharani, Speaker of the People's Representative Council of Indonesia, held in Jakarta.   

The meeting, which coincided with the 70th anniversary of diplomatic relations between the two nations, underscored the robust and evolving nature of their partnership. Maharani lauded Vietnam's remarkable journey of independence and its socio-economic advancements under the Đổi Mới (Renovation) policy. She also acknowledged the recent elevation of their ties to a comprehensive strategic partnership, emphasizing Indonesia's dedication to broadening cooperation across various sectors.   

Tô Lâm reciprocated, praising Indonesia's developmental strides and expressing confidence in its continued success. He highlighted the pivotal roles both countries play within the Association of Southeast Asian Nations (ASEAN), identifying them as reliable allies with convergent interests and visions.

A key focus of the discussion was the strategic roadmap to achieve the $18 billion trade goal within the next three years. This initiative will involve intensified economic and trade collaboration, streamlined trade exchanges, the dismantling of tariff barriers, and strategic investments in key industries.   

The leaders also stressed the importance of expanding cooperation in diverse areas, including technological innovation and sustainable development, to ensure mutual growth and prosperity.   

Maharani emphasized the crucial role of the People's Representative Council in fostering strong bilateral relations, advocating for enhanced people-to-people exchanges and inter-party dialogue.   

Both sides committed to strengthening parliamentary cooperation through regular high-level exchanges, parliamentary friendship groups, and the sharing of legislative best practices.   

Tô Lâm expressed optimism about the continued role of legislative bodies in enhancing multifaceted cooperation and called for closer collaboration in regional and international parliamentary forums.   

Vietnam and Indonesia also agreed to improve information sharing and enhance cooperation in international and regional forums, particularly within ASEAN, to address common challenges and promote regional stability.   

Their commitment to multilateralism and the strengthening of ASEAN was a recurring theme, with both leaders pledging mutual support in international arenas to foster a peaceful and prosperous region.   

Tô Lâm extended an invitation to Maharani to visit Vietnam, which she accepted, signaling a continued commitment to strengthening bilateral ties.

This visit marks a significant milestone in Vietnam-Indonesia relations, reinforcing their strategic alliance and paving the way for expanded trade and cooperation. With a shared vision for growth and stability, both nations are set to play increasingly vital roles in Southeast Asia and beyond.

[Copyright (c) Global Economic Times. All Rights Reserved.]

  • #globaleconomictimes
  • #글로벌이코노믹타임즈
  • #한국
  • #중기청
  • #재외동포청
  • #외교부
  • #micorea
  • #mykorea
  • #newsk
  • #nammidonganews
  • #singaporenewsk
Eugenio Rodolfo Sanabria Reporter
Eugenio Rodolfo Sanabria Reporter

Popular articles

  • Plan International Launches Global Campaign to End Child Marriage on International Day of the Girl

  • President Trump Mandates Continued Military Pay Amid Eleventh-Day Government Shutdown

  • KOSPI's Unexpected Resilience: A Silver Lining in Global Trade Storm

I like it
Share
  • Facebook
  • X
  • Kakaotalk
  • LINE
  • BAND
  • NAVER
  • https://www.globaleconomictimes.kr/article/1065598615338272 Copy URL copied.
Comments >

Comments 0

Weekly Hot Issue

  • Melody in the OR: Parkinson's Patient Plays Clarinet During Brain Surgery
  • South Korea to Launch Government-Led AI Certification to Combat Market Confusion
  • South Korean Chip Titans Clash Over Next-Gen HBM4 Memory
  • Hwangnam-ppang: Gyeongju's 85-Year-Old Secret to Sweet Success
  • Kia Inaugurates New CKD Plant in Kazakhstan, Accelerating Global Supply Chain Diversification
  • Korean Expatriates in Cambodia Face Economic Crisis and Anti-Korean Sentiment Amid Crime Wave

Most Viewed

1
Early Winter Chill Grips South Korea as Seoraksan Sees First Snow
2
Gyeongju International Marathon Elevated to 'Elite Label' Status, Welcomes Record 15,000 Runners  
3
South Korean Chip Titans Clash Over Next-Gen HBM4 Memory
4
Deadly Clan Clashes Erupt in Gaza as Israeli Forces Withdraw
5
Global Chip War Intensifies: Micron Woos Korean Engineers with Lucrative Offers, Up to 200 Million KRW Salary
광고문의
임시1
임시3
임시2

Hot Issue

Minister Choi Hwiyoung Vows 'One-Strike Out' Policy Amidst Surge in Abuse Reports

ROK President Lee Faces Major Diplomatic Test with APEC Super Week

Chinese Researchers Unveil Ultra-Fast Analog Chip, Targeting 1,000x Nvidia Speed

Melody in the OR: Parkinson's Patient Plays Clarinet During Brain Surgery

Let’s recycle the old blankets in Jeju Island’s closet instead of incinerating them.

Global Economic Times
korocamia@naver.com
CEO : LEE YEON-SIL
Publisher : KO YONG-CHUL
Registration number : Seoul, A55681
Registration Date : 2024-10-24
Youth Protection Manager: KO YONG-CHUL
Singapore Headquarters
5A Woodlands Road #11-34 The Tennery. S'677728
Korean Branch
Phone : +82(0)10 4724 5264
#304, 6 Nonhyeon-ro 111-gil, Gangnam-gu, Seoul
Copyright © Global Economic Times All Rights Reserved
  • 에이펙2025
  • APEC2025가이드북TV
  • 세종시
Search
Category
  • All articles
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
  • Lee Yeon-sil Column
  • Ko Yong-chul Column
  • Photo News
  • New Book Guide
  • Cherry Garden Story
  • Multicultural News
  • Jobs & Workers
  • APEC 2025 KOREA GUIDE