Indonesia expects over $805 bln in investment over next 5 years
Indonesia’s Minister of Investment and Downstream Policy Rosan Roelani has announced that the country expects to receive IDR13.032 trillion ($805.73 billion) in investment during the 2025-2029 period.
This influx of investment is projected to generate significant employment opportunities while boosting the country’s economic growth.
Roelani emphasized that the Indonesian government has set an investment target of over IDR1.9 trillion ($117.78 billion) for 2024, aiming to reach IDR3.41 trillion ($211.02 billion) by 2029. The government envisions achieving an economic growth rate of 8% by then.
The minister highlighted the necessity of collaboration among government ministries to achieve these ambitious investment targets. He also revealed discussions with President Prabowo Subianto, regarding strategies to increase the contribution of investment projects to Indonesia’s GDP, which currently stands at 24–25%.
During a working visit to China in late December 2024, Roelani secured investment agreements worth $7.46 billion from four Chinese companies.
Indonesia is preparing to host representatives from U.S. tech giant Apple on January 7, who are expected to provide details on their potential investments in the country.
This series of initiatives reflects Indonesia’s proactive approach to strengthening its economic foundation and positioning itself as an attractive destination for global investors.
- Read More
Tax consultant Deloitte Vietnam fined for tax violations
Deloitte Vietnam Tax Co. Ltd has been retroactively taxed and fined for tax violations by the Hanoi Tax Department.
Companies - Tue, January 7, 2025 | 11:10 pm GMT+7
Indonesia eyes 7.1% export growth in 2025
Indonesia targets nearly $294.5 billion in exports this year to push the country’s economy towards a growth target of 8% set by President Prabowo Subianto.
Southeast Asia - Tue, January 7, 2025 | 9:50 pm GMT+7
Thailand prepares for global financial market uncertainty
Thailand's central bank (BoT) has pledged to maintain a strong monetary policy framework amid rising global uncertainty, particularly as new policies are expected to be introduced in the US.
Southeast Asia - Tue, January 7, 2025 | 9:43 pm GMT+7
Indonesia joins BRICS as full member
Indonesia is formally joining BRICS as a full member, further expanding the group of major emerging economies, including Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the UAE, Brazil's government stated on Monday.
Southeast Asia - Tue, January 7, 2025 | 9:34 pm GMT+7
Malaysia, Singapore set up special economic zone
Malaysia and Singapore on Tuesday inked an agreement to create a new special economic zone for business and investment.
Southeast Asia - Tue, January 7, 2025 | 9:26 pm GMT+7
2025 a year of monetary policy challenge for Vietnam: experts
The State Bank of Vietnam is expected to confront difficulties in monetary policy management in 2025 as VND devaluation pressure will be strong, say experts.
Banking - Tue, January 7, 2025 | 8:14 pm GMT+7
Vietnam inflation hits 3.63% in 2024, below government target
Vietnam's consumer price index (CPI), an indicator of inflation, rose 3.63% in 2024, below the government's target of 4-4.5%.
Economy - Tue, January 7, 2025 | 5:19 pm GMT+7
Thailand IP developer WHA targets to raise investment in Vietnam to $1 bln
Thailand’s top industrial park (IP) developer WHA has invested $310 million in Vietnam since 2017 and aims to raise the figure to $1 billion.
Industrial real estate - Tue, January 7, 2025 | 4:23 pm GMT+7
SHS Securities launches new product package with highly attractive margin loan interest rate
Saigon-Hanoi Securities JSC (SHS) on Monday launched a new product package called SH69, offering outstanding promotions to new customers and those resuming trading.
Companies - Tue, January 7, 2025 | 3:04 pm GMT+7
Northern Vietnam province urges VSIP to build high-tech park
Ha Nam province authorities have called on VSIP, the developer of Vietnam-Singapore Industrial Park (VSIP) facilities, to study and build a high-tech park.
Industrial real estate - Tue, January 7, 2025 | 2:41 pm GMT+7
Vietnam’s 2024 unemployment rate inches down to 2.24%
Vietnam’s unemployment rate was 2.24% in 2024, down 0.04 percentage points from 2023, according to the General Statistics Office (GSO).
Society - Tue, January 7, 2025 | 1:38 pm GMT+7
Vietnam fresh porridge from famous ST25 rice exported to US
A container of 60,000 packages of AK Food's Cay Thi porridge has been exported to the U.S., which marks the second batch of fresh porridge made from well-known ST25 rice to successfully enter this market.
Companies - Tue, January 7, 2025 | 1:10 pm GMT+7
Vietnam's industrial production grows 8.4% in 2024, highest in 5 years
Vietnam’s index of industrial production (IIP) grew 8.4% year-on-year in 2024, extending the recovery after a similar growth of 8.4% in the first 11 months.
Economy - Tue, January 7, 2025 | 11:48 am GMT+7
Vietnam reaches 2024 foreign tourist goal with record-high December arrivals
Vietnam welcomed 1.75 million foreign tourists in December last year, marking a 27.4% year-on-year increase and the highest monthly of 2024.
Travel - Tue, January 7, 2025 | 10:21 am GMT+7
Digital transformation to be rolled out in Vietnam textbook production: publisher
Digital transformation will be implemented in textbook publishing and management, said Assoc. Prof. Dr. Nguyen Van Tung, deputy editor-in-chief of the Vietnam Education Publishing House (VEPH).
Companies - Tue, January 7, 2025 | 9:49 am GMT+7
Securities accounts in Vietnam hit 9.3 mln, 99% owned by locals
Nearly 9.3 million securities trading accounts had been opened in Vietnam as of end-2024, of which 9.2 million belonged to Vietnamese individuals.
Finance - Tue, January 7, 2025 | 8:22 am GMT+7