Vietnam – Indonesia cooperative ties in many fields have been accelerated in recent years, especially since both countries signed the Declaration on the Framework of Friendly and Comprehensive Partnership Entering the 21 st century in 2003.
The Jakarta Post on April 30 run an article on the growing trade ties between Vietnam and Indonesia.
The newspaper cited the Indonesian Central Statistics Agency as reporting that trade between Indonesia and Vietnam hit a record three billion USD in 2010, up 46.5 percent from 2.1 billion USD in 2009. In January this year, two-way trade jumped to 326 million USD, a rise of 78.4 percent from 182.77 million USD from the same period of last year.
Several Indonesian businesses, like Ciputra Group, Indofood, Dynaplast, Sophie Paris, and others, have invested over one billion USD in Vietnam.
The two countries have also signed 41 agreements and memoranda of understanding in various sectors./.