• 2026.03.10 (Tue)
  • All articles
  • LOGIN
  • JOIN
Global Economic Times
fashionrunwayshow2026
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
  • Travel
  • Eco-News
  • Education
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
    • International Student Report
    • With Ambassador
  • Column
    • Cho Kijo Column
    • Cherry Garden Story
    • Ko Yong-chul Column
    • Kim Seul-Ong Column
    • Lee Yeon-sil Column
  • Photo News
  • New Book Guide
MENU
 
Home > World

Vietnam and Indonesia Aim for $18 Billion in Bilateral Trade by 2028

Eugenio Rodolfo Sanabria Reporter / Updated : 2025-03-12 16:37:38
  • -
  • +
  • Print

Jakarta, Indonesia – Vietnam and Indonesia have solidified their commitment to deepen their strategic partnership, setting an ambitious target to elevate bilateral trade to $18 billion by 2028. This pledge was made during a pivotal meeting between Tô Lâm, General Secretary of the Communist Party of Vietnam, and Puan Maharani, Speaker of the People's Representative Council of Indonesia, held in Jakarta.   

The meeting, which coincided with the 70th anniversary of diplomatic relations between the two nations, underscored the robust and evolving nature of their partnership. Maharani lauded Vietnam's remarkable journey of independence and its socio-economic advancements under the Đổi Mới (Renovation) policy. She also acknowledged the recent elevation of their ties to a comprehensive strategic partnership, emphasizing Indonesia's dedication to broadening cooperation across various sectors.   

Tô Lâm reciprocated, praising Indonesia's developmental strides and expressing confidence in its continued success. He highlighted the pivotal roles both countries play within the Association of Southeast Asian Nations (ASEAN), identifying them as reliable allies with convergent interests and visions.

A key focus of the discussion was the strategic roadmap to achieve the $18 billion trade goal within the next three years. This initiative will involve intensified economic and trade collaboration, streamlined trade exchanges, the dismantling of tariff barriers, and strategic investments in key industries.   

The leaders also stressed the importance of expanding cooperation in diverse areas, including technological innovation and sustainable development, to ensure mutual growth and prosperity.   

Maharani emphasized the crucial role of the People's Representative Council in fostering strong bilateral relations, advocating for enhanced people-to-people exchanges and inter-party dialogue.   

Both sides committed to strengthening parliamentary cooperation through regular high-level exchanges, parliamentary friendship groups, and the sharing of legislative best practices.   

Tô Lâm expressed optimism about the continued role of legislative bodies in enhancing multifaceted cooperation and called for closer collaboration in regional and international parliamentary forums.   

Vietnam and Indonesia also agreed to improve information sharing and enhance cooperation in international and regional forums, particularly within ASEAN, to address common challenges and promote regional stability.   

Their commitment to multilateralism and the strengthening of ASEAN was a recurring theme, with both leaders pledging mutual support in international arenas to foster a peaceful and prosperous region.   

Tô Lâm extended an invitation to Maharani to visit Vietnam, which she accepted, signaling a continued commitment to strengthening bilateral ties.

This visit marks a significant milestone in Vietnam-Indonesia relations, reinforcing their strategic alliance and paving the way for expanded trade and cooperation. With a shared vision for growth and stability, both nations are set to play increasingly vital roles in Southeast Asia and beyond.

[Copyright (c) Global Economic Times. All Rights Reserved.]

  • #globaleconomictimes
  • #글로벌이코노믹타임즈
  • #한국
  • #중기청
  • #재외동포청
  • #외교부
  • #micorea
  • #mykorea
  • #newsk
  • #nammidonganews
  • #singaporenewsk
Eugenio Rodolfo Sanabria Reporter
Eugenio Rodolfo Sanabria Reporter

Popular articles

  • Japan Seizes Chinese Fishing Vessel off Nagasaki for the First Time in 4 Years

  • Florida Legislature Passes Bill to Rename Palm Beach Airport After Donald J. Trump

  • The Secret Behind the 'Modern Kim Seon-dal': How Coway Became Malaysia’s National Brand

I like it
Share
  • Facebook
  • X
  • Kakaotalk
  • LINE
  • BAND
  • NAVER
  • https://globaleconomictimes.kr/article/1065598615338272 Copy URL copied.
Comments >

Comments 0

Weekly Hot Issue

  • Japan Approves World's First iPSC-Derived Therapies: A New Era for Regenerative Medicine
  • South Korean Steelmakers on the Brink: Scrambling for Survival Amid Rising Nighttime Electricity Rates
  • Doosan Robotics to Supply 100+ Robot Solutions to Kwangjin Group, Accelerating Global Manufacturing Innovation
  • KOSPI Plummets Over 8%, Triggering Circuit Breaker for the 8th Time in History
  • "AI Era Security: Data Lifecycle Management Over Perimeter Defense"
  • KASA Selects 9 Partners Including LG and SK Hynix for Space Verification Satellite No. 3

Most Viewed

1
Adwa’s Echo in Korea: A Shared Story of Dignity and Freedom
2
2026, The Grand Year of Hangeul Celebration — The River of History Where Five Streams Converge
3
A New Milestone for Ukraine’s Post-War Reconstruction: The Birth of ISVP
4
Mexican currency and the powerful history behind its designs
5
About mexican food 
광고문의
임시1
임시3
임시2

Hot Issue

KASA Selects 9 Partners Including LG and SK Hynix for Space Verification Satellite No. 3

Apple's Next Leap: Will the 'MacBook Ultra' with OLED and Touch Support Redefine the Premium Laptop Market?

KEXIM Ignites 'K-Finance' with 450 Billion Won Support for Taihan Cable’s Submarine Plant

Doosan Robotics to Supply 100+ Robot Solutions to Kwangjin Group, Accelerating Global Manufacturing Innovation

Let’s recycle the old blankets in Jeju Island’s closet instead of incinerating them.

Global Economic Times
korocamia@naver.com
CEO : LEE YEON-SIL
Publisher : KO YONG-CHUL
Registration number : Seoul, A55681
Registration Date : 2024-10-24
Youth Protection Manager: KO YONG-CHUL
Singapore Headquarters
5A Woodlands Road #11-34 The Tennery. S'677728
Korean Branch
Phone : +82(0)10 4724 5264
#304, 6 Nonhyeon-ro 111-gil, Gangnam-gu, Seoul
Copyright © Global Economic Times All Rights Reserved
  • 에이펙2025
  • APEC2025가이드북TV
  • 독도는우리땅
Search
Category
  • All articles
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
  • Travel
  • Eco-News
  • Education
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life 
    • 전체
    • International Student Report
    • With Ambassador
  • Column 
    • 전체
    • Cho Kijo Column
    • Cherry Garden Story
    • Ko Yong-chul Column
    • Kim Seul-Ong Column
    • Lee Yeon-sil Column
  • Photo News
  • New Book Guide
  • Multicultural News
  • Jobs & Workers