REPUBLIKA.CO.ID, HANOI -- Indonesia's investment in Vietnam has increased significantly, reaching US$400 million now, a Vietnamese official said.

"As the Vietnamese economy continues to grow, more and more Indonesian entrepreneurs want to have a better knowledge of Vietnam, while the Vietnamese entrepreneurs also wish to understand Indonesia better," Director General of the Asia Pacific Department of the Vietnamese Ministry of Industry and Trade, Le Hoang Oanh, said in his keynote address to the Indonesia-Vietnam Business Forum here on Friday.

Le Hoang Oanh said Indonesia now has 46 investment projects in Vietnam with a combined value of US$400 million.

Trade between the two countries also increased significantly to US$5.4 billion last year.

Despite the achievement, the two countries still have a great chance to increase investment and trade relations, he said.

"In my view, companies of the two countries play an important role in enhancing economic and trade relations," he said.

Indonesia has called on Vietnam to increase the existing close strategic partnership instead of both competing against each other to benefit from regional and global economic opportunities.

"Let us increase our partnership to benefit from the ASEAN and global markets," Director of Business Empowerment of the Investment Coordinating Board (BKPM), Pratito Soeharyo, said.

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