Multinational companies are redirecting capital into these two countries. In a recent release, Knight Frank said manufacturing and logistics demand in Indonesia and Vietnam is expected to grow by up to 20% over the next three years,

The country has presented the deal as an honorable outcome, and it further diversifies its economic and strategic partnerships with the rest of the world.

Coach Kim Sang-sik of the U23 Vietnam discussed preparations and laid out targets for the 2025 ASEAN U23 Championship in Indonesia at a press briefing on Tuesday.

Vietnam will soon sign an agreement with Indonesia to boost long-term rice shipments, the Vietnamese government said on Tuesday in a statement, after exports plunged in the first half of the year. The statement came hours after Vietnamese Prime Minister Pham Minh Chinh met Indonesian President Prabowo Subianto on the sidelines of the BRICS summit in Brazil.

Both Jakarta and Hanoi seek to preserve strategic autonomy while navigating an increasingly polarized international environment. BRICS may offer a third path.

HANOI: Coach Kim Sang-sik is hoping to win his first trophy with the young squad as Vietnam will begin their defence of the Asean U23 Mandiri Cup title on July 19 in Jakarta, Indonesia.