JAKARTA, March 10 (Xinhua) -- Indonesia and Vietnam on Monday agreed to upgrade bilateral relations between the two countries to a comprehensive strategic partnership.

The agreement was formalized during a bilateral meeting between Indonesian President Prabowo Subianto and General Secretary of the Central Committee of the Communist Party of Vietnam To Lam held at the Merdeka Palace in Jakarta.

According to a press release by the Indonesian Presidential Secretariat, the meeting underscored a mutual commitment to enhancing cooperation across various sectors, including politics, economy, education, science, and people-to-people exchange. This commitment was solidified through the exchange of three cooperation documents in the presence of the two leaders.

Economic cooperation was a key focus of the discussions, with both nations setting a target of 18 billion U.S. dollars in bilateral trade.

"We agreed to achieve bilateral economic relations, reaching a target of 18 billion dollars. We also welcome Vietnam's investment in Indonesia in the automotive sector, agriculture, and various other fields. This will help both countries improve food security," said Prabowo.

The scope of economic collaboration is set to expand further, encompassing the fisheries sector, digital economy, green economy, and high-tech industries.

Prabowo expressed confidence that the comprehensive strategic partnership would strengthen long-term economic ties between Indonesia and Vietnam. Enditem

Related

Go to Forum >>0 Comment(s)