“Indonesia and Vietnam elevated their ties to a comprehensive strategic partnership last year. The two countries also signed an agreement on their Exclusive Economic Zone (EEZ).”
“Sugiono said both governments welcomed progress in implementing the EEZ agreement and reaffirmed their commitment to strengthening defense and maritime security cooperation, including efforts to combat illegal, unreported, and unregulated (IUU) fishing, narcotics trafficking, and other transnational crimes.”
“On the economic front, the ministers reaffirmed their target of increasing bilateral trade to $18 billion (Rp 325 trillion) by 2028. Bilateral trade reached $16.76 billion in 2025, with Indonesia recording a $4.47 billion trade surplus, making Vietnam Indonesia’s fifth-largest source of trade surplus after the United States, India, the Philippines, and the Netherlands.”
“Indonesia has invested around $700 million in Vietnam, while Vietnamese electric vehicle maker VinFast recently broke ground on an EV manufacturing plant in Subang, West Java, underscoring growing two-way investment.”