JAKARTA: Vietnam and Indonesia are targeting to increase two-way trade to US$10 billion by 2018, Vietnam News Agency (VNA) reported.
The target was set during a meeting between Vietnamese State President Truong Tan Sang and Indonesian President Joko Widodo on the sidelines of the Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ meeting in Beijing, Indonesia’s Foreign Ministry said in press release.
Statistics from the Foreign Ministry and national statistics office BPS showed annual bilateral trade between the two countries rose 25 percent in the last five years to US$5.12 billion in 2013.
Two-way trade in the first eight months of the year stood at US$3.71 billion.
Indonesian companies’ investment in Vietnam is still moderate with the largest project in cement production worth US$300 million. –BERNAMA