Vietnam – Indonesia: Business cooperation in the automobile and spare parts

On 2nd June, at Hanoi Daewoo Hotel, the Indonesian Embassy in Vietnam in collaboration with the Vietnam Chamber of Commerce and Industry (VCCI) held the forum “Vietnam – Indonesia: Business cooperation in the automobile and spare parts”.

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The forum “Vietnam – Indonesia: Business cooperation in the automobile and spare parts” was held at Hanoi Daewoo Hotel

The business forum attracted the participation of 70 Vietnamese and Indonesian companies in the fields of manufacturing, exporting, importing, assembling and manufacturing automobiles and spare parts. This is an opportunity for the enterprises of two countries to share their experiences and exchange on the aspirations about the automobile and spare parts in order to promote the cooperation among enterprises and contribute to the economic cooperation between two countries.

At the forum, Indonesian Ambassador to Viet Nam – Mr.Ibnu Hadi gave a speech on Indonesia’s automobile and spare parts industry, and provided statistics on exports from Indonesia to Vietnam in recent years. The Indonesian automobile industry is targeting Vietnamese market because of many reasons: large population, 85% of people using personal vehicles, average income over 2,200USD/person/year. In addition, Indonesia and Vietnam are both in the ASEAN Economic Community, following fundamental criteria such as equitable economic development, competitive economic sector, integration into the global economy.

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Mr.Doan Duy Khuong – Vice President of Vietnam Chamber of Commerce and Industry gave a speech at the forum

Mr.Doan Duy Khuong – Vice President of Vietnam Chamber of Commerce and Industry also said that Vietnam will soon receive a large wave of investment from many countries in the world such as the United States and other countries in ASEAN. He also expressed his desire that business cooperation between two countries would bring about practical benefits to society, such as creating employment opportunities for people and developing infrastructure in Vietnam and Indonesia.

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Representative from Akebono Brake Astra Vietnam also delivered a presentation on their business activities.

There are 4 companies from Indonesia, including Toyota Motor Manufacturing Indonesia, Astra Otoparts Tbk, Astra Visteon Indonesia, Amico Era Bumiindo. In particular, Astra Otoparts Tbk hopes that Vietnamese spare parts suppliers can offer more competitive price, as currently Vietnam’s product is 13% higher than Indonesia’s.

During the discussion, Toyota Tsusho Vietnam, Toyota Motor Manufacturing Indonesia and Akebono Brake Astra Vietnam also delivered a presentation on their business activities and specific statistics in recent years. Besides exchanging of experiences among the enterprises, many the difficulties and immediate challenges in the industry of export, import, assembly and manufacture of spare parts were arised.

Finally, Mr. Suryana Sastradiredja, Economic Counselor of the Embassy of Indonesia, hopes through this forum Indonesian and Vietnamese companies will have the opportunity to meet and find more possibilities of cooperation in the field of automobile and spare parts.

Wanderlust Tips | Cinet

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