Prime Minister Pham Minh Chinh met with leaders of major Indonesian groups during his trip to Indonesia to attend the 43rd ASEAN Summit and Related Meetings between September 4 and 7, the Government News has reported.

Leaders of the groups thanked Prime Minister Chinh for the meeting and expressed a belief that the fine Vietnam - Indonesia Strategic Partnership sets a solid foundation for businesses from both sides to expand investment cooperation, adding that Vietnam has significant potential and an attractive market for investment and business.

Ciputra is one of the leading multi-industry corporations in Indonesia, with more than 100 member companies worldwide operating in the fields of real estate, healthcare, education, and arts. In Vietnam, the group has invested capital of nearly $3 billion, especially in real estate services and social security activities, including the Nam Thang Long urban area in Hanoi.

Modena, meanwhile, operates in the customer goods industry in Indonesia, with product distribution in 92 countries and territories worldwide. According to Vice President of Business Development at Modena Indonesia, Mr. Michael Jizhar, Vietnam is a key market in which the group has expanded operations since 2018.

He said it is studying the possibility of investment expansion in manufacturing electronic appliances, household appliances, electric vehicles, and renewal energy in Vietnam.

Another attendee, Traveloka, owns the only travel platform in Southeast Asia, which is present in six Southeast Asian countries, with key markets being Vietnam, Thailand, and the Philippines. Traveloka co-founder Albert Zhang said Vietnam is an attractive tourism destination in the region and the continent. The company has cooperated with local tourism departments and localities in Vietnam to promote digital transformation in the country’s tourism industry to attract international tourists.

Prime Minister Chinh suggested that, regarding the extension of investment certificates and investment expansion, businesses should work closely with local and relevant authorities, including the Ministry of Planning and Investment, to receive specific instructions and support as well as access incentives under the provisions of the law in a spirit of equality between businesses and simplifying procedures for investors.

He also called on businesses to further uphold their social responsibility, contribute to promoting innovation and the application of science and technology, and improve productivity and perfect institutions and laws via their comments. He told the groups that Vietnam is facilitating investment in social housing projects.

He affirmed that the Vietnamese Government listens to and understands the difficulties and obstacles facing investors, to help resolve and provide favorable conditions for them to effectively and sustainably operate in Vietnam on the basis of enjoying harmonious benefits and sharing common risks, as investors’ success is Vietnam’s success.