100 Indonesian companies seek business opportunities in Vietnam

December 10, 2015 | 14:49

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100 Indonesian companies in various sectors have come to Vietnam in the first Indonesia Trade Fair ever to showcase their products and services and seek partners.

The event, held between December 10 and 12 in Hanoi on the occasion of the 60th anniversary of diplomatic relations between Indonesia and Vietnam, features companies in a wide range of fields such as automobile and spare parts, machinery, oil and coal, electronics and home appliances, construction and consultancy, pharmaceutical and medical equipment, chemical products, food and beverage, banking and investment services and textile. Most of the participants are new to the Vietnamese market and this is their very first time to get to know and explore the opportunities here.

According to Sadikin, Minister Counsellor of the Embassy of the Republic of Indonesia in Vietnam, the event is among Indonesia’s efforts to achieve the target of $10 billion trade value with Vietnam in 2018.

“As we are preparing ourselves for the implementation of the ASEAN Economic Community next month, this is the best chance for the business communities of the two countries to get closer and cooperate with each other in order to reap the benefits from the ASEAN Economic Community,” he said in the welcoming remarks of the trade fair.

“The trade fair will also tighten the relationship between the two business communities,” added Do Thang Hai, Vice Miniser of Trade and Industry of Vietnam.

Trade between Vietnam and Indonesia was $5.4 billion in 2014, up 11.6 per cent on year.

By By Khanh Tran

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