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NEWS UPDATES Asean Affairs  23  May  2016  

Indonesia, Vietnam to double trade value in 2018

Indonesia and Vietnam have agreed to double bilateral trade to US$10 billion in 2018 from $5.59 billion in 2015. The agreement was made during a bilateral meeting with Vietnamese Prime Minister Nguyen Xuan Phuc on the sidelines of the ASEAN-Russia Summit.

"In 2015, our trade value amounted to $5.59 billion. It experienced a yearly increase trend of 6.47 percent over the last three years," President Joko "Jokowi" Widodo stated in a press statement issued in Sochi, Russia, on Thursday.

The upward trend, he further said, was seen on the back of a strategic partnership agreement between Indonesia and Vietnam sealed in 2013.

President Jokowi highlighted Vietnam’s important position as the country’s trade partner in the Southeast Asia region, especially for rice as the main staple food in Indonesia.

The leaders also welcomed the result of the eighth technical meeting on the exclusive economic zone. The result, which comes after discussion on March 22-24, will be followed up by continued negotiations over maritime boundaries between Indonesia and Vietnam.

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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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