Forum boosts trade collaboration between Vietnam, Indonesia

Delegates attending the business forum (Photo: VNA)

A business forum on expanding trade cooperation between Indonesia and Vietnam, introducing the 38th Trade Exhibition Indonesia (TEI) 2023, and learning about the Halal market was held in Ho Chi Minh City on October 5.

In his opening remarks, Ho Xuan Lam, Vice President and General Secretary of the HCM City Union of Friendship Organisations (HUFO), said that since Vietnam and Indonesia set up diplomatic ties in 1955, their relations have developed strongly in all fields, with two-way trade enjoying positive growth to hit 14.1 billion USD in 2022, a threefold increase compared to the figure 10 years ago.

The forum was a chance for the two sides’ enterprises to meet and seek opportunities to boost trade cooperation and nurture close friendship between the Vietnamese and Indonesian people.

Cao Thi Phi Van, Deputy Director of the Ho Chi Minh City Investment and Trade Promotion Centre, said that Indonesia, which has the largest Muslim population in the world with more than 267 million people, has the biggest demand for Halal-certified products, which is a potential market for Vietnamese businesses.

Export businesses should proactively learn about and apply for Halal certification to access this market, Van advised.

Indonesian Consul General in HCM City Agustaviano Sofjan said that the forum provided detailed information about Halal products that have the potential to become an important economic growth driver for Indonesia with a contribution of about 5.1 billion USD per year.

It also helped the city’s businesses better understand the concepts of Halal and the Halal market, therefore contributing to increasing opportunities for cooperation between firms of the two countries in the coming time./.