In a significant move that could reshape the investment landscape in Vietnam, Party General Secretary Tô Lâm engaged in high-level discussions with key Indonesian business leaders during his state visit. The meetings, held in Jakarta, underscored Vietnam’s proactive stance in attracting foreign investment, particularly in strategic sectors.
Lâm’s talks with Patrick Walujo, CEO of PT GoTo Gojek Tokopedia Tbk (GoTo), and Garibaldi Thohir, President Director of PT Alamtri Resources, highlighted Vietnam’s commitment to fostering a conducive environment for foreign businesses. Lâm emphasized Vietnam’s dedication to creating optimal conditions for stable and sustainable investment, particularly in renewable energy, high-tech agriculture, and digital economy sectors. He encouraged Gojek to explore investment opportunities in Vietnam, especially in digital finance and digital banking, and suggested partnerships with Vietnamese financial institutions to develop international financial centres.
For PT Alamtri Resources, Lâm advocated for enhanced cooperation in environmentally friendly mining and the transfer of modern, safe mining technologies. He also underscored opportunities in renewable energy, green transition, and digital transformation, as well as the development of seaport logistics and logistics centres. The call for cooperation in the electric vehicle and battery market, along with the development of smart transportation infrastructure, signals Vietnam’s ambition to lead in sustainable and technologically advanced industries.
Lâm’s meeting with Oey Alfred, Director of Sungai Budi Group, focused on expanding agricultural cooperation, particularly in fisheries and Halal food industries. He highlighted the potential for deeper ties, especially in agricultural technology transfer, to bolster Vietnam-Indonesia relations. Alfred expressed hope for stronger partnerships, citing effective collaborations with TTC AgriS Group in hi-tech farming and agricultural value chains.
The meeting with Anindya Bakrie, Chairman of the Indonesian Chamber of Commerce and Industry (KADIN), further solidified the commitment to enhancing bilateral relations. Lâm praised KADIN’s role in promoting investment and trade, noting the strong foundation for future cooperation. He expressed confidence in the long-term prospects of Vietnam-Indonesia business ties, emphasizing administrative reforms to facilitate investment and cooperation.
Bakrie, representing Indonesian businesses, including state-owned enterprises and private companies, suggested that Vietnam support KADIN’s member businesses in strengthening trade and investment cooperation, particularly in high technology, green economy, digital economy, marine economy, and semiconductor industry. He urged the promotion of business collaboration and the signing of a cooperation agreement between the two chambers.
These discussions are poised to catalyse significant developments in Vietnam’s mining, agriculture, and digital sectors. The emphasis on environmentally friendly mining and the transfer of modern technologies could revolutionise Vietnam’s mining industry, making it more sustainable and efficient. The push for digital finance and digital banking, coupled with the development of international financial centres, positions Vietnam as a regional leader in financial innovation.
The focus on renewable energy, green transition, and digital transformation aligns with global trends towards sustainability and technological advancement. By encouraging investment in these areas, Vietnam is not only attracting foreign capital but also positioning itself as a hub for green technologies and digital innovation.
The call for cooperation in the electric vehicle and battery market, along with smart transportation infrastructure, reflects Vietnam’s ambition to lead in sustainable and technologically advanced industries. This could spur the development of a robust electric vehicle ecosystem, creating new opportunities for both local and foreign investors.
The meetings also highlight Vietnam’s strategic approach to strengthening ties with Indonesia, a key regional partner. By fostering cooperation in agriculture, fisheries, and Halal food industries, Vietnam is not only diversifying its economic base but also enhancing food security and promoting cultural exchange.
The discussions with KADIN underscore Vietnam’s commitment to administrative reforms and creating a business-friendly environment. By supporting KADIN’s member businesses and promoting trade and investment cooperation, Vietnam is positioning itself as a preferred destination for foreign investment, particularly in high-growth sectors.
These developments are likely to spark debate and challenge norms within the mining industry and beyond. The emphasis on environmentally friendly mining and the transfer of modern technologies could set new standards for sustainable mining practices, encouraging other countries to follow suit. The push for digital finance and digital banking, along with the development of international financial centres, could reshape the financial landscape, making Vietnam a regional leader in financial innovation.
The focus on renewable energy, green transition, and digital transformation aligns with global trends towards sustainability and technological advancement. By encouraging investment in these areas, Vietnam is not only attracting foreign capital but also positioning itself as a hub for green technologies and digital innovation. This could spur the development of a robust electric vehicle ecosystem, creating new opportunities for both local and foreign investors.
The call for cooperation in the electric vehicle and battery market, along with smart transportation infrastructure, reflects Vietnam’s ambition to lead in sustainable and technologically advanced industries. This could revolutionise the transportation sector, making it more sustainable and efficient. The emphasis on environmentally friendly mining and the transfer of modern technologies could set new standards for sustainable mining practices, encouraging
