Indonesia expands retail network in Asia to boost exports
Indonesia has opened 2,400 retail stores in the Philippines and plans to expand into Malaysia, Bangladesh, and other Asian countries, Indonesian Trade Minister Budi Santoso said on Thursday.
A woman shops goods at a supermarket in Indonesia. Photo courtesy of Reuters/VNA.
According to Santoso, this expansion of retail outlets across Asia is expected to boost exports to these countries.
He affirmed that the move is part of Indonesia’s service exports, adding establishing retail stores abroad supports the promotion of Indonesian products.
He also noted that the Indonesian government continues to encourage exports in both the goods and services sectors.
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