Indonesia signs Rp9.75 billion-worth deals at Vietnam Expo

Indonesia signs Rp9.75 billion-worth deals at Vietnam Expo

Logo of the Indonesian Trade Ministry (www.antaranews.com/grafis/Ferly) (1)

Indonesian products received a good response from buyers and visitors at the expo, recording Rp9.75 billion in potential transactions. The value comprises retail transactions from cosmetics, jewelry and handicraft goods worth Rp12.44 million,
Jakarta (ANTARA) - Indonesian products clinched Rp9.75 billion in potential transactions at the Vietnam Expo 2019 held at Saigon Exhibition & Convention Center (SECC), Ho Chi Minh City, Vietnam, from December 4 to 7. "Indonesian products received a good response from buyers and visitors at the expo, recording Rp9.75 billion in potential transactions. The value comprises retail transactions from cosmetics, jewelry and handicraft goods worth Rp12.44 million, and trade contract transactions worth Rp9.74 billion," Chief Indonesian Trade Attaché in Hanoi, Mohammad Iqbal Djamil said in a statement released Friday.

Vietnam Expo is an international expo held twice a year. The expo this time is the 17th of its kind.

Vietnam Expo 2019 displayed a wide range of products and brought together 850 participants from 18 countries including the United Kingdom, India, Taiwan, Germany, South Korea, Malaysia, Russia, Japan, the Philippines, Singapore, Hong Kong, Spain, Thailand, Switzerland, China, the United States, Indonesia and Vietnam.

Indonesia needs to better benefit from Vietnam as a market for its exports and a regional supply chain for its national industry, according to Iqbal.

"Vietnam is one of the countries signing free trade agreements on bilateral and regional bases with 13 countries and has fairly large market potentials, with a population of more than 95 million," he said.

In the Vietnam Expo 2019, the Indonesian Trade Attaché in Hanoi and the Director General of National Export Development of the Trade Ministry provided 54 square meters of land for seven Indonesian companies to display a wide range of products.

The seven Indonesian companies are PT Universal Abrasivindo Industrial (producer of sandpaper), CV Bali Bakti Anggara (producer of house decoration), PT Irawan Djaja Agung (producer of medicines for over-the-counter/OTC) sales), CV Jaya Abadi (producer of light meals), PT Dexa Medica (pharmaceutical company), PT Aquasolve Sanaria (producer of healthy foods), and PT Gloria Origita Cosmetics (producer of cosmetics). (INE)

Related news: Indonesia, Vietnam target US$10 billion in trade: Ambassador
Related news: Umah Indo let Vietnamese learn Indonesian in Hanoi
Related news: Indonesia bore brunt of sluggish move to explore trade deals

 

Comments