(CPV) - "Indonesia and Vietnam both have huge potential markets that can be further exploited. During the Vietnam PM's visit to Indonesia, the two leaders agreed to reach 5 billion USD trade volume in 2015. Recently, the Vietnam PM proposed to double that target to USD 10 billion," said Mr. Mayerfas, Indonesian Ambassador to Vietnam at the forum in Hanoi on June 11th, 2012.
Indonesia has been experiencing growth of 6.3 percent year-on-year during the first quarter of 2012, while the Gross Domestic Product (GDP) increased by 1.4 percent compared to the previous quarter and 6.32 percent when compared to the first quarter last year.
During the first quarter of 2012 our GDP has reached 1.9 quadrillion Indonesian rupiahs (US$ 207.1 billion). With a GDP size of US$ 1 trillion in 2011, Indonesia is among the fastest growing economies in Asia and the largest economy in Southeast Asia.
Amid the threat of global crisis, Indonesia's economy remains stable. As a matter of fact, predictions are that Indonesia's economy in 2012 is going to be solid and growing by 6.7 per cent, mostly on the growth of the domestic economy and investment.
With a population of 245 million people, Indonesia has a large domestic market to offer, over 50% of which lives in urban areas and adopts a modern lifestyle. A growing and affluent middle class supports GDP growth with more than 50% of GDP accounting for private consumption.