Indonesia and Vietnam promote potentials in coal trading

The Embassy of the Republic of Indonesia in Hanoi on Friday, 03 May organized a Business Forum entitled: “Indonesia – Vietnam Potentials in Coal Trading” in Pullman Hotel Hanoi.

The bilateral relation between Indonesia and Vietnam have increased significantly since the signing of the Strategic Partnership Agreement in 2013. The total volume of bilateral trade gained US $ 8.45 billion in 2018 respectively. The two Leaders have committed to reach the bilateral trade volume of US $ 10 billion in 2020. 

Presently one of the strongest commodities from Indonesia to Vietnam is coal trading. In the first three month of 2019, the total coal import of Vietnam is 9,385, 570 ton increase of 249% comparing to the same period last year, in which 3,719,909 ton imported from Indonesia increase of 185% comparing to the same period last year. 

In 2018, the total amount coal imported by Vietnam was 22,857,153 tons in which around 50% came from Indonesia with the amount of 11,165,157 ton.

Taking this opportunity, the Embassy of the Republic of Indonesia in Hanoi organized a Business Forum entitled: “Indonesia – Vietnam Potentials in Coal Trading”. The Business forum was held in Pullman Hotel Hanoi on Friday, 03 May 2019.

The Forum was attended by 14 Indonesian coal associations and companies. From the Vietnamese side, 26 companies interested in doing business with Indonesia, representatives from Vietnamese coal related ministries and Vietnamese Media.

H.E. Mr. Ibnu Hadi, Ambassador of the Republic of Indonesia to Vietnam delivered its opening remarks, following by another speech by representative of the Ministry of Industry and Trade of Vietnam, Indonesian Coal Association, and presentations from Indonesian and Vietnamese companies. After the Questions and Answers session, the Business men from two side had a Business matching to find opportunities on a new cooperation.

This Business forum is an effort of the Indonesian Embassy in Hanoi to promote the bilateral trade between the two countries in line with the target of reaching the bilateral trade volume of US $ 10 billion in 2020.

PSNews

Other News

Hanoi ready to implement Capital Law 2026, unlocking new development momentum

Hanoi ready to implement Capital Law 2026, unlocking new development momentum

The effectiveness of the Capital Law 2026 will be measured not by the number of legal documents issued but by tangible improvements in governance and public administration, better services for people and businesses, faster administrative procedures, stronger investment attraction and higher economic growth.

Vietnamese students earn honours at ROBOG Asia Cup 2026

Vietnamese students earn honours at ROBOG Asia Cup 2026

Three teams from Chu Van An Secondary School in Vietnam’s Thai Nguyen province have earned First Prize honours and advanced to the quarterfinals at the ROBOG Asia Cup 2026, a regional robotics and artificial intelligence (AI) competition for students held in Hong Kong, China.

Hanoi sets out new investment blueprint with century-long development vision

Hanoi sets out new investment blueprint with century-long development vision

As of early June, Hanoi had attracted 74.6 billion USD in foreign direct investment (FDI) through more than 9,250 valid projects. FDI inflows in the first six months were projected at 3.2 billion USD, surpassing the annual target by 116%, while nearly 16,000 new businesses were established in the first five months, up 34.4% year-on-year.

Vietnam promotes legal cooperation and rule of law at global forum

Vietnam promotes legal cooperation and rule of law at global forum

Vietnam’s development and international integration have gone hand in hand with the improvement of its legal system, the incorporation of international commitments into domestic legislation, and legal reforms aimed at fostering development, openness and global integration. The country regards international law as an essential instrument for building fair, mutually beneficial relations among nations.

Hanoi to hold investment promotion event on June 29

Hanoi to hold investment promotion event on June 29

At the event, Hanoi authorities plan to grant investment policy decisions and investment registration certificates to 20 exemplary projects in the fields of transportation infrastructure, industrial parks, urban development, social housing, environment, science and technology, and foreign investment attraction.

Hanoi's Red River urban area development draws widespread attention

Hanoi's Red River urban area development draws widespread attention

Located south of the Red River and extending from the historic inner city to newly developing areas in the south and the west, the central urban area along Red River’s right bank covers approximately 45,317 hectares and is projected to accommodate around 6.365 million residents by 2045 and 6.455 million by 2065.

Hanoi's Red River urban area development draws widespread attention

Hanoi's Red River urban area development draws widespread attention

Located south of the Red River and extending from the historic inner city to newly developing areas in the south and the west, the central urban area along Red River’s right bank covers approximately 45,317 hectares and is projected to accommodate around 6.365 million residents by 2045 and 6.455 million by 2065.

Regional cooperation strengthened to combat cross-border drug crime

Regional cooperation strengthened to combat cross-border drug crime

Vietnam, China, Laos and Myanmar face common challenges as drug syndicates increasingly exploit the Mekong River, cross-border transport networks, e-commerce platforms, international logistics services, cyberspace and cryptocurrencies to organise drug transactions and smuggling operations.