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Indonesia, Vietnam agree to set new bilateral trade targets

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Indonesian President Joko Widodo (Jokowi) held a bilateral meeting with Vietnamese Prime Minister Pham Minh Chinh in Hanoi, Vietnam, on Friday (January 12), during which they agreed to increase new bilateral trade targets.

The agreement was reached after the target of US$10 billion, set for 2023, was achieved in 2022.

“I am sure that PM Chinh has also agreed to set a trade target of above US$15 billion for 2028 by expanding market access and reducing trade barriers,” the president noted in a statement issued by the Presidential Secretariat Press Bureau.

He also lauded the strategic partnership between the two countries that has resulted in various concrete collaborations, such as a memorandum of understanding (MoU) on information and communication technology signed.

“This is in line with our goal to strengthen bilateral partnerships by taking advantage of the demographic bonus, digitalization, and high-tech industry to achieve mutual prosperity,” Jokowi added.—ANTARA

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