“Economically, Vietnam and Indonesia have emerged as key partners within the region. Indonesia is currently Vietnam’s third-largest trading partner in ASEAN, while the latter ranks fourth among the former’s trading partners in the bloc. Despite global economic uncertainties, bilateral trade and investment ties have maintained positive momentum. Indonesia now ranks among the top 30 foreign investors in Vietnam, with total registered investment capital approaching US$700 million.”
“These figures, however, represent only a fraction of the potential cooperation between the two fast-growing economies. The ambassador said Indonesia, the world’s 16th-largest economy and Southeast Asia’s biggest market, and Vietnam, one of the region’s most dynamic manufacturing hubs, possess complementary strengths that can be further leveraged.”
“Both sides see untapped opportunities in emerging and high-value sectors such as Halal-certified products, agriculture, clean and renewable energy, digital economy, high technology, electric vehicle ecosystems, pharmaceuticals and medical equipment.”
“At the multilateral level, the two countries continue to work closely within ASEAN and benefit from regional frameworks such as the ASEAN Free Trade Area (AFTA) and the Regional Comprehensive Economic Partnership (RCEP), providing additional impetus for trade expansion and economic integration.”