Promoting cooperation in palm oil and paper industries between Indonesia-Vietnam
Vietnam, Indonesia seek to achieve US$10 billion trade | |
Vietnam opposes Indonesia’s force use against its fishermen | |
Vietnam, Indonesia promote trade, investment |
The seminar |
The seminar to facilitate enterprises to have a chance to make contact directly to each other in order to secure their own sources of palm oil and paper supply.
At the seminar, the Indonesian Ambassador to Vietnam Ibnu Hadi said that the bilateral relations between Indonesia and Vietnam have increased recently. The total volume of bilateral trade gained US$ 5.5 billion in 2016 respectively.
The two countries' leaders have committed to reach the bilateral trade volume of US$ 10 billion by 2018. For the year 2016, Paper was the 3rd largest commodity in term of value exported from Indonesia to Vietnam with a total value recorded of US$ 181 million. Followed at 4th place was the animal, vegetable fats, and oil products, including palm oil import from Indonesia to Vietnam with a total value of $US 161 million. And on the world wide scale, for the same year 2016, Indonesia was the 2nd largest exporter to Vietnam for Animal and Vegetable oil and 3rd largest exporter for the paper.
In 2016 Indonesia was ranked No.1 in the world for exporting Palm oil with 36 million metric tons on the total of 56 million metric tons of all countries in the world, equivalent to 62% of the world production.
Will a large amount of coal be imported from Indonesia? VCN- Indonesia is one of the largest coal exporters to Vietnam. As increased demand for coal imports ... |
It is acknowledged that Indonesia was ranked top 14 worldwide for exporting paper (US$ 3.2 billion). The main paper product exporting from Indonesia is A4 paper.
In the first 5 months of 2017, paper export turnover from Indonesia to Vietnam was US$ 81 million, with the volume of 115,000 tons. At the same time, Animal and Vegetable oil export turnover to Vietnam was US$ 58 million.
Related News
Wood exports started well
13:26 | 20/04/2024 Import-Export
Leverage to increase the scale of Vietnam - Laos trade turnover
10:51 | 15/04/2024 Import-Export
Vietnam-China trade reaches over US$ 27 billion
09:29 | 10/04/2024 Import-Export
How more than 6 tons of smuggled gold transported to Vietnam?
07:49 | 05/04/2024 Anti-Smuggling
Latest News
Take advantage of e-commerce leverage for export
13:25 | 20/04/2024 Import-Export
Vietnam earns 1.43 billion USD from rice exports in Q1
15:50 | 19/04/2024 Import-Export
Localities get ready for fourth FDI boom
15:35 | 19/04/2024 Import-Export
Opportunities to develop a smart and sustainable packaging industry
14:14 | 19/04/2024 Import-Export
More News
Domestic retailers eye export-quality products
17:37 | 18/04/2024 Import-Export
Textile and garment exports recovered positively
10:26 | 18/04/2024 Import-Export
Launch of FDI Annual Report 2023
16:25 | 17/04/2024 Import-Export
Vietnam has opportunities to attract, develop the offshoring market
16:11 | 17/04/2024 Import-Export
Nearly 600 million USD disbursed in support of agroforestry, aquatic sectors
16:09 | 17/04/2024 Import-Export
Be proactive and flexible with production materials
09:02 | 17/04/2024 Import-Export
Cooperate to build leading and "rich in vitality" state-owned enterprises
08:59 | 17/04/2024 Import-Export
Garment & textile sector tries to keep growth momentum
14:16 | 16/04/2024 Import-Export
Businesses capitalize on recovery momentum to explore market expansion
10:01 | 16/04/2024 Import-Export
Your care
Wood exports started well
13:26 | 20/04/2024 Import-Export
Take advantage of e-commerce leverage for export
13:25 | 20/04/2024 Import-Export
Vietnam earns 1.43 billion USD from rice exports in Q1
15:50 | 19/04/2024 Import-Export
Localities get ready for fourth FDI boom
15:35 | 19/04/2024 Import-Export
Opportunities to develop a smart and sustainable packaging industry
14:14 | 19/04/2024 Import-Export