Create favorable conditions for Vietnamese and Indonesian businesses to diversify their investments

At the meeting, Minister of Foreign Affairs Bui Thanh Son thanked Minister Retno Marsudi for actively supporting, participating and contributing to the success of the “ASEAN Future Forum” (AFF) recently held in Hanoi. Internal date April 23; congratulate Indonesia on successfully organizing the General Election earlier this year and believe that Indonesia will continue to prosper, have an increasingly high position in the international arena and become a developed country by 2045 on the occasion of the 100th anniversary of its founding. establish a country.

In response, Minister Retno Marsudi affirmed that Indonesia always values ​​and wishes to further strengthen the strategic partnership with Vietnam. The Minister also appreciated Vietnam for successfully organizing the ASEAN Future Forum, making an important contribution to promoting the building of a strong and resilient ASEAN Community, promoting its central and pioneering role in respond to regional challenges.

The two ministers agreed to continue to promote exchanges and contacts at high levels and at all levels, promote the effectiveness of existing cooperation mechanisms, and soon complete the Action Program for the 2024-2028 period, contributing to increasing trust and confidence. political trust and deepen and deepen cooperation between the two countries in all fields, aiming to bring the relationship between the two countries to new heights.

Aiming to bring bilateral trade turnover to 18 billion USD by 2028 in a more balanced direction, the two sides encourage to soon organize a meeting of the Joint Committee on economic, scientific and technical cooperation to exchange information. on measures to overcome difficulties and take advantage of the potential for cooperation between the two countries; Organize trade promotion activities, trade connections, and support businesses in accessing each other’s markets.

Minister Retno Marsudi affirmed that Indonesian businesses are increasingly interested in expanding investment in Vietnam. Minister Bui Thanh Son proposed that the two sides create favorable conditions for the two countries’ businesses to expand and diversify investment, especially in new, potential fields such as green economy, circular economy, renewable energy, semiconductor industry, digital economy, electric vehicles and Halal cooperation.

The two sides agreed to strengthen defense and security cooperation, coordinate to prevent and combat cross-border crimes, including cybercrime, high-tech crimes, and human trafficking; Encourage the promotion of aviation connections, enhance cooperation in the fields of agriculture, fisheries, education, tourism and people-to-people exchanges.

The two Ministers discussed regional and international issues of mutual concern, including the East Sea issue and Myanmar; Committed to continuing to coordinate and support each other at multilateral and regional organizations and forums, including the United Nations, ASEAN, Sub-regional cooperation…

The two sides agreed to coordinate to maintain ASEAN’s solidarity and agreed principles on the East Sea issue to ensure peace, stability and prosperity in the region, on the basis of international law, including UNCLOS. 1982, promoting the full and effective implementation of the Declaration on the Conduct of Parties in the East Sea (DOC), actively promoting and soon achieving a substantive and effective Code of Conduct in the East Sea (COC), in accordance with international law and the United Nations Convention on the Law of the Sea (UNCLOS) 1982.

At the end of the meeting, the two Ministers signed the Minutes of Agreement on the 5th meeting of the Vietnam – Indonesia Bilateral Cooperation Committee and agreed that the 6th meeting would be held in Indonesia in 2026.