Indonesia will attract more new factories than any other Southeast Asian nation over the next few years, according to a survey of 75 manufacturers, which is attributable to President Joko Widodo’s policies to revitalize the economy.

Manufacturers plan to build 54 new plants in SE Asia’s biggest economy by 2019, expected to surpass Malaysia and Thailand in the field.

President Joko Widodo’s government has adjusted the fuel subsidy policy and increased investment in infrastructure while promised to promote investment to boost the local economy which is growing at the lowest rate since 2009.

A survey by the British Chamber of Commerce in Indonesia shows business confidence improved last year and predicts investment will rise by 15 percent in 2015, facilitated by government policies streamlining procedures.

Beyond Indonesia , surveyed manufacturers also plan to open new factories in Myanmar , the Philippines , and Vietnam.-VNA