TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

Indonesia targets $10b trade with Vietnam by 2020: Jokowi

News Desk (The Jakarta Post)
Jakarta
Wed, September 12, 2018 Published on Sep. 12, 2018 Published on 2018-09-12T09:27:30+07:00

Change text size

Gift Premium Articles
to Anyone

Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
President Joko “Jokowi” Widodo (left) shakes hands with his Vietnamese counterpart Tran Dai Quang at the Presidential Palace in Hanoi on Sept. 11. President Joko “Jokowi” Widodo (left) shakes hands with his Vietnamese counterpart Tran Dai Quang at the Presidential Palace in Hanoi on Sept. 11. (Reuters/Pool/Luong Thai Linh)

T

he government aims to increase trade with Vietnam to US$10 billion annually from $6.8 billion, last year, with President Joko “Jokowi” Widodo on a visit to the country. 

Jokowi arrived in Hanoi on Tuesday after concluding his visit to South Korea.

“In the last three years, our trade with Vietnam had seen an increase to $6.8 billion. We hope that in 2020, our trade will reach $10 billion,” said Jokowi in a statement on Wednesday.

Meanwhile, during Jokowi’s visit to South Korea, Indonesia signed agreements worth 5.76 billion. The President targeted $30 billion trade with the country by 2020.

While meeting with Vietnamese President Vietnam Trần Đại Quang in Hanoi on Tuesday, Jokowi said he had called on the Vietnamese government to eliminate trade barriers. 

“I have asked President Trần Đại Quang to eliminate trade barriers, including those for automotive products from Indonesia,” Jokowi said, adding that during the meeting, he had also expressed the wish of Indonesian investors to develop their businesses in Vietnam.

During Jokowi’s visit, Indonesia and Vietnam signed a joint communique on fighting illegal, unreported and unregulated (IUU) fishing. The two leaders also agreed to intensify negotiations on an exclusive economic zone. (bbn)

Your Opinion Matters

Share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.

Enter at least 30 characters
0 / 30

Thank You

Thank you for sharing your thoughts. We appreciate your feedback.

Share options

Quickly share this news with your network—keep everyone informed with just a single click!

Change text size options

Customize your reading experience by adjusting the text size to small, medium, or large—find what’s most comfortable for you.

Gift Premium Articles
to Anyone

Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!

Continue in the app

Get the best experience—faster access, exclusive features, and a seamless way to stay updated.