Indonesia and Vietnam Strengthen Ties Amid China's Growing Influence
Presidents Widodo and Thuong agree on closer cooperation in maritime security, fisheries, IT, communications, and energy transition.
- Indonesian President Joko Widodo and Vietnamese President Vo Van Thuong met in Hanoi to discuss maritime security in the South China Sea, bilateral cooperation, and environmental issues.
- The two nations signed a document on closer cooperation between their fisheries and memorandums of understanding in the fields of information technology and communications.
- Trade between Indonesia and Vietnam increased by 23% to $14.1 billion last year, with a target to reach $15 billion.
- Both countries have agreed to cooperate on energy transition and in the digital economy.
- President Widodo is set to visit VinFast's electric vehicle factory in northern Vietnam, praising the company's plans to expand into Indonesia with a $400 million EV factory.