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NEWS UPDATES Asean Affairs    July 28, 2017  









Indonesia seeks to boost palm oil, paper trade

Viet Nam’s import of palm oil and paper from Indonesia could experience a year-on-year increase of 38 per cent, Indonesian ambassador to Viet Nam Ibnu Hadi said on Wednesday.

While addressing a seminar held by the Indonesian Embassy in Viet Nam with the aim of linking the two countries’ businesses in the trade of palm oil and paper, the ambassador said that imports in palm oil and paper last year rose by 20 per cent.

The figure is predicted to be 38 per cent this year, which shows a promising opportunity for co-operation between the two countries.

He said that Indonesia would supply its products at competitive prices to meet Vi?t Nam’s demand for development.

Indonesian firms hope Vietnamese enterprises and associations would visit their factories to seek information and partners, he added.

Pham Quoc Manh, public relations official at the Indonesian Embassy said that last year, Indonesia ranked 14th in the word in terms of export of paper, mostly printing paper, with revenue of US$3.2 billion.

Indonesia is also the world top exporter of palm oil as the country provides 36 million tonnes out of total 56 million tonnes exported by countries around the world, or 62 per cent, he added.

The ambassador said that last year, paper was the third largest item that Indonesia exported to Vi?t Nam with revenue of $181 million, followed by animal and plant oil with $161 million.

Ambassador Ibnu Hadi said that relations between Vi?t Nam and Indonesia have been growing. In 2016, two-way trade reached $5.6 billion, he noted, added that the two sides agreed to lift up the figure to $10 billion in 2018.

This year’s bilateral trade revenue is expected to reach $7.8 billion.

In order to strengthen the Viet Nam-Indonesia co-operation, especially when the ASEAN Economic Community has been formed and the region has experienced many significant changes, the two sides should increase the exchange of information and investment promotion as well as the connectivity among businesses, thus improving the competitiveness of ASEAN enterprises, he said.

Viet Nam mostly exported to Indonesia telephones, iron, steel, machineries, equipment, rice, computer, electronics and spare parts, garment, leather and footwear materials, vehicles, plastics and plastic material.



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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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