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Vietnam-Indonesia trade ties highlighted

The cooperation between Vietnam and Indonesia has been accelerated in recent years.

The Jakarta Post emphasized this in an April 30 article on the growing trade ties between Vietnam and Indonesia.

The newspaper cited the Indonesian Central Statistics Agency as reporting that Vietnam-Indonesia bilateral trade hit a record of US$3 billion in 2010, up 46.5 percent against 2009.

In January this year, it jumped to US$326 million, up 78.4 percent from the same period of last year, it said.

Many Indonesian businesses, like Ciputra Group, Indofood, Dynaplast, Sophie Paris, and others, have invested over US$1 billion in Vietnam.

The two countries have also signed 41 agreements and memoranda of understanding in various sectors.

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