Vietnam and Indonesia can cooperate to become regional economic locomotives, says top official


HANOI/JAKARTA, Dec 19 (Vietnam News/ANN): The upcoming state visit to Indonesia by Vietnamese President Nguyen Xuan Phuc is very crucial for the two countries to continue their discussion on how the two countries can substantially create synergy and cooperate with one another to become economic generators in the region, according to President of the Indonesia-Vietnam Friendship Association (IVFA)'s President Budiarsa Sastrawinata.

Sastrawinata, who is also Director of Ciputra Group, told the Vietnam News Agency (VNA) ahead of President Phuc’s visit from December 21-23, that many of Indonesian firms have come to Vietnam to explore investment opportunities, noting that Indonesia has remained one of the largest Asean countries investing in Vietnam, mostly in oil and gas exploration and exploitation, coal mining, banking, hotel industry, wood processing and exporting, and garment.

He recalled that at a recent meeting between Indonesian President Joko Widodo and PM Chinh, Widodo emphasised that Indonesia is committed to continue the establishment of mutually beneficial bilateral partnerships to benefit the people of both countries such as strengthening cooperation in the health sector which is crucial since the pandemic has yet to end.

Sastrawinata stressed that since Vietnam and Indonesia established diplomatic relations on December 30, 1955, the bilateral traditional friendship have been built on the firm foundation laid by President Ho Chi Minh and President Sukarno and nurtured and developed by generations of leaders and peoples of the two countries.

The two countries share many similarities, he said, explaining that both are members of the Asean, APEC and many other regional and international organisations and forums.

Indonesia is Vietnam's important partner with great potential, and it highly values Vietnam's role and position as one of the countries with great influence in Asean. Vietnam and Indonesia have signed many cooperation agreements and treaties in various fields.

Many bilateral cooperation mechanisms have also been established. Since Vietnam and Indonesia agreed to strengthen cooperation on economy, trade, and investment, they have intensified their bilateral cooperation in recent times, he said. - Vietnam News/ANN

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