Vietnamese businesses in Indonesia collaborate for development

The hybrid event brought together more than 30 Vietnamese companies operating in Indonesia, including Yeu Saigon, Dien May Xanh and Vingroup.

In his opening remarks, Vietnamese Ambassador Ta Van Thong highlighted the booming economic and trade cooperation between Vietnam and Indonesia, alongside the extensive and effective development of their ties.

The ambassador affirmed that the embassy is ready to provide maximum support to Vietnamese businesses in Indonesia, creating the most favourable conditions for their operations and growth, helping to boost trade cooperation between the two countries, especially in potential areas such as green economy, logistics, digital economy, electric vehicles and halal food.

Participating companies shared their experience, success stories and ways to overcome obstacles, as well as challenges and opportunities in the Indonesian market.

Through the forum, many companies have made contacts, pledging to support each other, supply or use each other's products and services, contributing to the creation of a strong Vietnamese business ecosystem in Indonesia.

Dao Quy Phi, a representative of Vingroup Xanh SM Indonesia, said that Indonesia is a large market with a population almost three times higher than that of Vietnam, which his group considers a key market.

He went on to say that their main difficulties in entering the market come from regulations, particularly those relating to electric vehicles.

Indonesia is Vietnam's third largest trading partner, and Vietnam is Indonesia's fourth largest in the Association of Southeast Asian Nations (ASEAN). Their bilateral trade in 2023 amounted to nearly US$14 billion, which is expected to hit US$18 billion by 2028.