Vietnamese businesses explore Indonesian market

18:01 | 07/12/2024 Investment Follow Ven.vn on

A business networking session between a delegation from the Ho Chi Minh City Association of Mechanical-Electrical Enterprises (HAMEE) and the Indonesian Chamber of Commerce and Industry (KADIN) was held on December 5 in Jakarta.

The event provided an opportunity for Vietnamese firms to explore business and investment cooperation in the promising market of Indonesia.

Vietnamese businesses explore Indonesian market

At the business networking session - photo: bnews.vn/VNA

Vietnamese businesses showcased their products and gathered information on the demands of the Indonesian market, especially in mechanical and electrical industries.

According to Pham The Cuong, Trade Counselor at the Vietnam Trade Office in Indonesia, Indonesia's large and diverse market, growing middle class, abundant natural resources, and high import demand present significant opportunities.

As ASEAN members with a Free Trade Agreement (FTA), Vietnam and Indonesia enjoy reduced trade barriers. Similarities in culture and geographic proximity further enhance the competitiveness of Vietnamese products.

Edwin Setiawan Tjie, Chairman of the Vietnam Committee at KADIN, highlighted the growing trade relationship between the two nations, with bilateral trade exceeding 14.5 billion USD.

Indonesia’s ambitious infrastructure projects offer additional opportunities for Vietnamese businesses, he said.

Source: VNA

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