Vietnam, Indonesia similarities facilitate trade, agro-fishery cooperation

09:50 | 03/04/2024 Vietnam and ASEAN Follow Ven.vn on

The Vietnamese and Indonesian economies share many similarities, conducive to cooperation in trade, agriculture, and fisheries promotion, said experts at a symposium held in Ho Chi Minh City on April 1.

The event was co-organised by the municipal Investment and Trade Promotion Center (ITPC) and the Consulate General of Indonesia in the southern economic hub.

Ho Thi Quyen, Deputy Director of the ITPC, said Indonesia is Vietnam’s third-largest trading partner in the ASEAN region and potential import market.

Vietnam, Indonesia similarities facilitate trade, agro-fishery cooperation

At the Vietnam-Indonesia seminar in HCM City on April 1. (Photo: VNA)

According to statistics from the General Department of Vietnam Customs, the countries’ trade reached nearly 14 billion USD in 2023, with Vietnam's export value to Indonesia exceeding 5 billion USD. Rice was the largest contributor to the export turnover with 640 million USD from 1.16 million tonnes.

Quyen added that in addition to rice, other key currency earners of Vietnam, such as agro-fishery products, food, and consumer goods, have yet to reach their expected levels or fully tap the potential of both sides.

The Ho Chi Minh City government is working to improve the business climate and create favourable conditions in policies and procedures to welcome foreign investors and enterprises, including those from Indonesia, she noted.

Indonesian Consul General in Ho Chi Minh City Agustaviano Sofjan stated that despite the impact of the global economic downturn, the bilateral trade still experienced significant growth and is projected to hit 15 billion USD in the near future.

Their business communities mainly consist of small- and medium-sized enterprises, and both nations need to encourage more trade activities between them, the diplomat said.

Meanwhile, Edwin Setiawan Tjie, Chairman of the Indonesian Business Association in the city, stressed that apart from trade, the countries see potential for joint works in agro-fishery development.

Vietnam and Indonesia can share experience in adjusting policies, developing human resources, and promoting farm produce trade, he recommended, adding that in the aquatic farming sector, they can work together in technology transfer investment and researching sustainable farming models.

Source: VNA

See more news

Vietnam continues to affirm active, responsible role in regional cooperation

10:44 | 07/10/2024 Vietnam and ASEAN

HANOI – Prime Minister Pham Minh Chinh will lead a high-ranking delegation to the 44th and 45th ASEAN Summits and related meeting in Vientiane, Laos, from October 8-11, continuing to affirm Vietnam’s active, proactive and responsible contributions to regional cooperation processes.

Vietnam, Cambodia step up cooperation in information - education work

10:52 | 29/09/2024 Vietnam and ASEAN

A delegation of the Communist Party of Vietnam (CPV) Central Committee's Commission for Information and Education, led its Standing Vice Chairman Lai Xuan Mon, paid a working trip to Cambodia from September 26-30.

Vietnamese, Lao Party commissions enhance cooperation

08:56 | 26/09/2024 Vietnam and ASEAN

A delegation of the Communist Party of Vietnam (CPV) Central Committee’s Commission for Information and Education on September 25 paid a courtesy visit to Khamphanh Pheuyavong, Secretary of the Lao People’s Revolutionary Party (LPRP) Central Committee and head of its Commission for Propaganda and Training.

Vietnam, Singapore promote economic, technology, investment connectivity

15:46 | 22/09/2024 Vietnam and ASEAN

Minister of Planning and Investment Nguyen Chi Dung paid a working visit to Singapore on September 18-19, on the occasion of the 18th Singapore-Vietnam Connectivity Ministerial Meeting.

Governors, mayors of ASEAN capitals meet in Vientiane

08:34 | 19/09/2024 Vietnam and ASEAN

The Meeting of Governors and Mayors of ASEAN Capitals (MGMAC) and the ASEAN Mayors Forum (AMF) officially opened in Vientiane, Laos, on September 18.

Vietnam, Thailand boost friendship through people-to-people diplomacy

08:50 | 16/09/2024 Vietnam and ASEAN

The 13th joint meeting between the Vietnam-Thailand Friendship Association (VTFA) and the Thailand-Vietnam Friendship Association (TVFA) took place in the eastern province of Chonburi, Thailand on September 13, highlighting the importance of people-to-people diplomacy for fostering the bilateral relations.

PM urges ASEAN BAC to work together with ASEAN countries in key areas

17:48 | 14/09/2024 Vietnam and ASEAN

Prime Minister Pham Minh Chinh has urged the ASEAN Business Advisory Council (ASEAN BAC) to work together with the governments and people of ASEAN countries in key works for further economic development.

Vietnam – Laos great friendship and special solidarity

10:04 | 10/09/2024 Vietnam and ASEAN

General Secretary of the Lao People's Revolutionary Party Central Committee and President of the Lao People's Democratic Republic Thongloun Sisoulith and his spouse are on a state visit to Vietnam. The visit from September 10-13 is made at the invitation of Party General Secretary and State President To Lam and his spouse.

Vietnam, Laos vow to create economic breakthroughs

15:10 | 05/09/2024 Vietnam and ASEAN

National Assembly Vice Chairman Nguyen Duc Hai held talks with his Lao counterpart Sommad Pholsena in the central city of Da Nang on September 4, vowing to advance economic cooperation between their nations.

Việt Nam, Philippines eye pragmatic defense ties

09:36 | 01/09/2024 Vietnam and ASEAN

HÀ NỘI — Minister of National Defence General Phan Văn Giang and his Philippine counterpart Gilberto Teodoro have agreed to promote the bilateral defence ties in a more practical and efficient manner during their talks in the Philippines.

Latest Most Read

Year-end stimulus expected to boost economic growth

15:37 | 23/12/2024 Economy

A series of year-end stimulus programmes is expected to support Vietnam’s economy to achieve the GDP growth target of over 7% this year.

Domestic factors to drive Vietnam's GDP growth in 2025: VinaCapital

15:30 | 23/12/2024 Economy

While Vietnam's exports to the US have bolstered GDP growth this year, domestic factors, including the Government’s increasing spending on infrastructure, real estate market recovery, and consumption, will help the country maintain its economic expansion at around 6.5% in 2025, according to the latest report from VinaCapital.

Vietnamese products crave out a niche in UK market: Official

15:26 | 23/12/2024 Vietnamese Brands

Vietnamese goods have steadily established a strong presence in the UK, with exports to this demanding market continously growing since 2021, said Hoang Le Hang, First Secretary of the Vietnam Trade Office in the UK.

Mekong Delta tourism continues to surge

15:21 | 23/12/2024 Tourism

The Mekong Delta, one of Vietnam's key tourism regions, has worked hard in developing new products and promoting its offerings this year, achieving impressive results in visitor numbers and revenue from tourism and related services.

Ben Thanh-Suoi Tien metro line - catalyst for HCM City's tourism development

15:17 | 23/12/2024 Tourism

The official launch of the first metro line in Ho Chi Minh City, which connects Ben Thanh Market in district 1 with Suoi Tien Theme Park in Thu Duc city, not only marks a significant milestone in its urban transport system but add a catalyst for the city’s stronger tourism development.

Ten prominent cultural, sports, tourism events in 2024 announced

14:39 | 17/12/2024 Culture

The Ministry of Culture, Sports, and Tourism on December 16 announced the top 10 cultural, sports, and tourism events for 2024 based on both direct and online voting.

More than half of Japanese firms plan to expand in Vietnam: Survey

14:44 | 17/12/2024 Economy

More than 56% of the Japanese companies currently operating in Vietnam have said they plan to expand their operations in the next year or two, according to the latest survey by the Japan External Trade Organisation (JETRO).

Legendary band Boney M to thrill Vietnamese audiences this Christmas

14:49 | 17/12/2024 Culture

World renowned disco band Boney M are set to enliven the Central Highland province of Lam Dong alongside celebrated singers and bands from the 1970s and 1980s, including Joy and Samantha Fox, during the Da Lat spring concert which will be held on December 21.

Over 500 luxury brands offer huge discounts at 2024 City Sale

14:54 | 17/12/2024 Economy

More than 500 luxury brands will offer huge discounts in the second phase of “CITY SALE 2024” - a programme aimed at boosting the sale of branded goods – in Ho Chi Minh City from December 18, 2024 to January 1, 2025, heard a press conference on December 16.

Vietnam’s tuna exports exceed US$900 million in 11 months

15:26 | 17/12/2024 Trade

(VEN) - According to the Vietnam Association of Seafood Exporters and Producers, in the first 11 months of 2024, Vietnam exported US$903 million worth of tuna, a year-on-year increase of 17 percent.

Multimedia

Video Longform Infographic Photo

Glorious tradition of the Vietnam People's Army

08:30 | 22/12/2024 Infographic

The Vietnam People’s Army (VPA) celebrate its 80th founding anniversary on December 22, 2024, a milestone in the army’s glorious history of serving and defending the nation. After 80 years of construction and development, the VPA has truly proven its revolutionary nature as an army “born from the people, fighting for the people, and serving the people”.

Total FDI registered in Vietnam hits 31.4 billion USD in January-November

09:02 | 17/12/2024 Infographic

As of November 30, 2024, the total newly registered capital, adjusted capital, and capital contributions or share purchases by foreign investors in Vietnam reached nearly 31.4 billion USD, up 1% increase compared to the same period last year.

First 11 months of 2024: Import-export turnover increases 15.4%

10:55 | 16/12/2024 Infographic

In the first 11 months of this year, Vietnam’s total import-export turnover reached 715.55 billion USD, up 15.4% against the same period last year, of which exports rose by 14.4% and imports up 16.4%. In the reviewed period, Vietnam enjoyed a trade surplus of 24.31 billion USD.

11-month agro-forestry-fishery exports exceed yearly target

19:55 | 15/12/2024 Infographic

Vietnam’s total export turnover of agro-forestry-fishery products in the first 11 months of 2024 reached 56.74 billion USD, an increase of 19% over the same period in 2023. The sector has exceeded the set target of 54-55 billion USD for the whole year, and is confidently aiming for a new record of 60 billion USD.

Hanoi achieves or exceeds 23/24 socio-economic targets for 2024

08:57 | 13/12/2024 Infographic

Hanoi achieves rather comprehensive results in its socio-economic development in 2024, with 23/24 targets completed or exceeded.

Policy

Ministry proposes extending agricultural land tax exemption through 2030

15:06 | 23/12/2024 Policy

The Ministry of Finance has proposed the National Assembly extend the agricultural land tax exemption until December 31, 2030, a move aimed at encouraging investments in agriculture and rural areas to improve the competitive edge of the agricultural products amidst deeper international integration.

Gov't targets to gradually make English second language at schools by 2030

15:45 | 21/12/2024 Policy

The Government has approved a plan for international cooperation in the field of education and training until 2030 in order to improve the quality of workforce for socio-economic development.

Nine newly-adopted laws made public

16:42 | 20/12/2024 Policy

The Presidential Office on December 20 announced the President’s order to make public nine new laws that were passed by the 15th National Assembly at its eighth session.

Resolution on construction of North-South high-speed railway issued

11:42 | 19/12/2024 Policy

National Assembly Chairman Tran Thanh Man recently issued a resolution on the investment policy for the North-South high-speed rail project.

Industry & Trade

Ministry proposes incentives for renewable energy projects

16:17 | 20/12/2024 Energy

The Ministry of Industry and Trade has proposed incentives to attract investments in renewable energy projects in a draft decree on implementing the Law on Electricity, which has recently been made public for comments.

The Era of Advancement for Vietnam Industrial Park

17:15 | 19/12/2024 Industry

(VEN) - The Vietnam Industrial Park Forum 2024, themed “The Era of Advancement for Vietnam Industrial Park”, is officially held in Ho Chi Minh City.

Vietnamese coffee sector working to meet EU Deforestation Regulation

16:38 | 18/12/2024 Industry

The Vietnamese Ministry of Agriculture and Rural Development (MARD) and the Sustainable Trade Initiative (IDH) organisation of the Netherlands on December 17 co-organised the handover ceremony of the pilot results for the database system for forests and coffee-growing areas in compliance with the EU Deforestation Regulation (EUDR).

Construction industry expands at the highest rate since 2020: ministry

09:38 | 18/12/2024 Industry

The construction industry is estimated to expand at around 7.8- 8.2% this year, the highest rate since 2020, according to a Ministry of Construction report.

Investment

Nghe An Southeast Economic Zone aims to attract 1 billion USD in FDI in 2025

12:33 | 21/12/2024 Investment

The Southeast Economic Zone of Nghe An Province targets attracting around 1 billion USD in foreign direct investment (FDI) in 2025, heard at a conference held by the Nghe An Southeast Economic Zone Management Board in Vinh City on December 20.

Boeing aims to expand investment and cooperation in Vietnam’s defense sector

17:00 | 19/12/2024 Investment

Mr. Dale McDowall, Executive Leader, Defense and Aerospace, Singapore and Southeast Asia at Boeing's Defense, Space & Security, announced that Boeing aims to invest in Vietnam and expand cooperation in the defense sector.

Can Tho attracts non-state investment

10:21 | 17/12/2024 Investment

Can Tho has been planned as a nuclear urban centre of the Mekong Delta region and received central government attention after the National Assembly issued a resolution on piloting special mechanisms for Can Tho’s development.

FDI remains vital contributor to boost economic growth

09:06 | 13/12/2024 Investment

Foreign direct investment (FDI) remains one of the most vital drivers of national economic growth, recording remarkable results in 2024.

Finance-Banking

Year-end surge in property bond issuance amid financial challenges

09:39 | 20/12/2024 Finance-Banking

As 2024 draws to a close, Vietnam's real estate industry is witnessing a notable surge in corporate bond issuances.

Vietcombank named most valuable brand in Vietnam

16:43 | 18/12/2024 Finance-Banking

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has become the most valuable brand in Vietnam in 2024, according to a recently released report of Forbes Vietnam.

Many banks increase deposit interest rates in year-end period

16:56 | 16/12/2024 Finance-Banking

In the year-end period, savings interest rates have become a focal point, with many banks adjusting their offerings, showing clear divergence.

Deputy PM urges extra efforts to remove Vietnam from money laundering grey list

15:16 | 13/12/2024 Finance-Banking

Deputy Prime Minister Ho Duc Phoc on December 12 urged ministries and sectors to do their utmost to implement the Financial Action Task Force (FATF)’s 17 recommendations to lift Vietnam out of its list of Jurisdictions under Increased Monitoring (grey list) related to money laundering.

Environment

Vietnam likely to face continued turbulent weather systems in 2025

14:26 | 19/12/2024 Environment

Global temperatures are expected to rise next year, posing a significant risk of extreme and prolonged heat waves in Vietnam, Mai Van Khiem, Director of the National Centre for Hydro-Meteorological Forecasting (NCHMF), has predicted.

Nature-based projects help Mekong Delta fight climate change

16:31 | 18/12/2024 Environment

Nature-based projects implemented by the World Wildlife Fund (WWF) Vietnam in the Mekong Delta region have helped support local residents to adapt to climate change, heard at a workshop which is part of The Mekong Connect Forum 2024 held in Mekong Delta province of An Giang on December 17.

11 rare monkeys released back into wild in Nghe An

09:27 | 18/12/2024 Environment

Eleven rare monkeys were released into the Pu Huong Nature Reserve in the central province of Nghe An on December 17.

Master Plan on Sustainable Exploitation and Use of Coastal Resources announced

11:26 | 16/12/2024 Environment

(VEN) - The Master Plan on Sustainable Exploitation and Use of Coastal Resources for the 2021-2030 period, with a vision to 2050, was announced by the Ministry of Natural Resources and Environment on December 15 at a conference in Khanh Hoa Province.

Science - Technology

Contracts worth 286.3 million USD inked at Vietnam Int’l Defence Expo 2024

17:02 | 22/12/2024 Science - Technology

Sixteen contracts worth 286.3 million USD in total, and 17 cooperation agreements between Vietnam’s defence industry units and businesses from various countries such as the US, India, France and Belgium were signed at the Vietnam International Defence Expo 2024 held in Hanoi from December 19-22.

Vietnam can partner with UK in developing nuclear power: Expert

12:43 | 21/12/2024 Science - Technology

Vietnam should research the feasibility of applying small modular nuclear reactor technology that the UK is currently working on, according to Dr. Dao Duc Cuong from the mechanical, engineering and energy faculty of the University of Bradford of the UK.

Vinaphone launches fastest 5G service in Vietnam

12:38 | 21/12/2024 Science - Technology

Vinaphone, the mobile network operator under the Vietnam Posts and Telecommunications Group (VNPT), has launched its official 5G service offering ultra-fast speed and unparalleled experience for both individual users and businesses alike.

Vietnam cooperates with Google to launch “Official Government Apps" feature

17:13 | 20/12/2024 Science - Technology

The Authority of Information Security (AIS) under the Ministry of Information and Communications, in collaboration with Google, launched the "Official Government Apps" feature on December 20 to enhance user protection against fraudulent activities and ensure online safety in Vietnam.

Society

Bac Ninh: 28 additional 4-star-rated OCOP products

23:24 | 22/12/2024 Society

(VEN) - Bac Ninh province recently organized the second assessment and classification of OCOP products in 2024. Accordingly, 28 more OCOP products have been rated as 4-star. Thus, so far, the province has more than 100 OCOP 3-star- and 4-star-rated products.

HCM City’s first metro line launched after years of delay

16:47 | 22/12/2024 Society

Ho Chi Minh City marked a significant milestone in its long-awaited mass transit development on December 22, with the official launch of its first metro line after years of delay.

Aviation sector strengthens smuggling, commercial fraud and counterfeit goods control

09:49 | 22/12/2024 Society

(VEN) - On the afternoon of December 20, the Civil Aviation Authority of Vietnam (CAAV) issued a document to relevant units regarding the implementation of a plan to combat smuggling, commercial fraud, and counterfeit goods before, during, and after the Lunar New Year (Tet) of 2025.

How will green transformation roadmap for Ho Chi Minh City public transport be applied?

12:19 | 21/12/2024 Society

(VEN) - According to the Ho Chi Minh City People’s Committee, from 2030, 100% of the city’s buses will use electricity and green energy.

Vietnamese Brands

Vietnamese products crave out a niche in UK market: Official

15:26 | 23/12/2024 Vietnamese Brands

Viettel's hi-tech products meets standards for supply to Malaysia

13:19 | 21/12/2024 Vietnamese Brands

The Viettel High Technology Industries Corporation (VHT), a subsidiary of the the Viettel Military Industry and Telecoms Group (Viettel), announced on December 20 that it has received a certification from the Ministry of Defence, and the Army of Malaysia, recognising that Viettel's military communication products meet standards to be supplied to the Malaysian Army.

Hanoi promotes key industrial products

12:57 | 15/12/2024 Vietnamese Brands

Thirty-six products from 25 businesses were selected and recognised as Hanoi’s key industrial products for 2024.

Building a strong brand for Ha Giang’s thick-skinned orange

14:31 | 12/12/2024 Vietnamese Brands

(VEN) - With high nutritional value good for health, the thick-skinned orange has become well-known as a specialty of Ha Giang Province.

Culture

Fireworks to light up sky over Hanoi on New Year celebration

15:13 | 23/12/2024 Culture

The capital city of Hanoi is set to welcome the New Year 2025 with spectacular firework displays at five locations and 30 venues for the Lunar New Year (Tet) Festival.

Vietnam’s high-end fashion targets Chinese market

10:04 | 22/12/2024 Culture

An increasing number of Chinese celebrities are choosing high-end Vietnamese fashion, creating new opportunities for Vietnamese designers to make their mark in the 1.4 billion-strong market.

Enduring tradition of Ha Nhi ethnic minority group's costumes

13:14 | 21/12/2024 Culture

Nestled in the rugged landscapes of northern mountainous Dien Bien province, Ha Nhi ethnic minority group in Sin Thau, Sen Thuong, Leng Su Sin and Chung Chai communes of Muong Nhe district have preserved their traditional costumes through generations, ensuring that its significance remains as vital today as it was in the past.

Vietnam, Indonesia similarities facilitate trade, agro-fishery cooperation

See also

See more news

Multimedia