What areas are Indonesian investors most interested in Vietnam
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- Business
- 02:39 20/03/2023
DNHN - Mr. Arsjad Rasjid, the chairman of the Indonesian Chamber of Commerce and Industry (KADIN), stated that Vietnam and Indonesia have numerous opportunities for cooperation in the tourism, trade, and investment sectors.
Mr. Arsjad Rasjid, the chairman of the Indonesian Chamber of Commerce and Industry (KADIN), stated that Vietnam and Indonesia have numerous opportunities for cooperation in the tourism, trade, and investment sectors.
Indonesia's investments in Vietnam in sectors such as fisheries, infrastructure development, renewable energy, high technology, and digital transformation align with Vietnam's priorities.
As Indonesia is the current ASEAN Chair, the chairing function is geared toward the core objective of green development. In January, the two nations reached an agreement to strengthen cooperation in the development of energy and mineral resources, including solar power plants, hydropower plants, and smart grids. This partnership also allows for the co-development of electric vehicles. Vietnam's market for electric vehicles is anticipated to grow rapidly, and Indonesia's electric vehicle manufacturing capacity can be utilized to meet this demand.
According to a report by Google, Temasek, and Bain & Company, Indonesia and Vietnam are among the fastest-growing digital economies in the region in terms of digital transformation. By 2025, the value of Indonesia's digital economy is projected to triple to $133 billion, while Vietnam's digital economy is projected to reach $52 billion in the same year. For the continued growth and development of the digital economy and ecosystem, establishing a business and investment partnership between the two countries in the field of digital transformation is crucial.
The hotel industry in Vietnam is expected to grow by $2.12 billion between 2022 and 2026, at a compound annual growth rate of 14.43%. It is a solid foundation with room for expansion. Therefore, KADIN seeks to enhance its investment cooperation with Vietnam in green projects. With the newly strengthened cooperation between Indonesia and Vietnam in the fields of minerals and renewable energy, the outlook for Indonesian and Vietnamese green projects is very promising.
As chairman of the ASEAN Business Advisory Council (ASEAN-BAC), Mr. Arsjad Rasjid wishes, through his legacy, to encourage Indonesian firms to connect with Vietnamese firms in the field of energy investment. green and renewable.
"In the field of food security, to minimize the impact of climate change on food sources, we look forward to forming a fully closed partnership with Vietnamese stakeholders. According to Arsjad Rasjid, the program aims to increase farmers' productivity and empower them to adopt green and sustainable practices.
Hong Tham (T.h)
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