Indonesia and Vietnam are working together to achieve a shared ambition: transitioning from developing nations to advanced economies. With both countries aiming for high-income status by 2045, they are strengthening cooperation in key sectors such as electric vehicles and artificial intelligence (AI).
Indonesia’s Ambassador to Vietnam, Denny Abdi, emphasized the significance of this partnership, stating that deeper collaboration will lead to a more strategic and comprehensive relationship, supporting both countries on their journey to becoming developed nations.
“As we strive to achieve high-income status by 2045, I believe several key areas will define our cooperation,” he remarked during the 70th Anniversary of Indonesia–Vietnam Diplomatic Relations on Monday (February 24, 2025).
A major focus is building a strong regional electric vehicle ecosystem and accelerating the transition to clean energy. Another priority is expanding collaboration in technology, research, and innovation, particularly in AI, semiconductors, and digital transformation.
Ensuring food security is also a critical area of cooperation, covering high-quality agriculture and the development of a sustainable fisheries industry.
“Indonesia and Vietnam must go beyond being strong trade partners. Our partnership should leverage each country’s strengths to build a collaborative, high-value, and sustainable regional supply chain,” Denny noted.
By working together and complementing each other’s strengths, he envisions a more resilient, inclusive, and mutually beneficial economic ecosystem for both nations.
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As they celebrate 70 years of diplomatic relations, Indonesia and Vietnam have recorded a bilateral trade value of $16 billion in 2024 (IDR 260.4 trillion at an exchange rate of IDR 16,280 per USD).
Looking ahead, both countries aim to increase trade to $18 billion by 2028 or earlier. Denny pointed to major investment projects, such as Ciputra Group, which has played a key role in fostering economic ties.
Additionally, projects like Vaksindo’s animal vaccine plant and the VinFast electric vehicle ecosystem highlight growing industrial collaboration between the two nations.
Beyond trade and investment, Indonesia and Vietnam have also strengthened people-to-people connectivity, supported by 112 direct flights per week.
“I appreciate the initiatives and efforts of the Indonesia–Vietnam Friendship Association. Moving forward, I encourage all parties to seize this momentum and explore new opportunities for collaboration,” Denny concluded.
