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Vietnamese company invited to invest in fish processing factory

Click on the flag for more information about Indonesia INDONESIA
Monday, January 20, 2020, 03:10 (GMT + 9)

Foreign Minister Retno Marsudi has encouraged Vietnam to increase its imports of Indonesian seafood and has invited the country to invest in several Indonesian fisheries, including Natuna where foreign poachers often operate.

Retno was in Ho Chi Minh City on Wednesday for a short stopover before joining the ASEAN foreign ministers' meeting on Thursday in the coastal city of Nha Trang.

Retno met Nguyen Thi Thu Sac, general director of Hai Nam Company Limited, a fish company based in Ho Chi Minh City, on Wednesday.

Last year, the company imported about USD 2.5 million of seafood from Indonesia. The company exports seafood to the United States, Japan, Europe and Taiwan.

"In addition to increasing imports of Indonesian fisheries products, Indonesia also hopes Hai Nam Co. Ltd. can invest in a joint venture with an Indonesian company to build a fish processing factory in Indonesia,” Retno said on Thursday.

Retno also invited company executives to visit Indonesia to see the potential of fisheries in several regions including in Natuna, where illegal fishing by Chinese and Vietnamese vessels has been rampant.

According to Retno, Jakarta will continue to encourage Vietnamese investment in Indonesia and will support Indonesia's outbound investment in Vietnam.

In Ho Chi Minh City, Retno also met with Traveloka Vietnam country market manager Huynh May Thy. Traveloka is an Indonesian airline ticketing and hotel booking unicorn that has expanded its business to Vietnam and other Southeast Asian countries.

In the meeting, Retno said she would continue to encourage the opening of direct flights by Indonesian airlines to connect the two countries after Vietnamese companies launched nonstop flights to Indonesia last year.

Source: The Jakarta Post



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