Indonesia needs over 2.5 trillion USD investment to reach 6 pct growth

Indonesia needs over 2.5 trillion USD in investment to reach 6 pct growth

Indonesia needs over 35.4 trillion Rupiah (2.517 trillion USD) worth of investment to achieve an average economic growth of 6 percent in the next five years, according to the Ministry of National Development Planning (Bappenas).
Indonesia needs over 2.5 trillion USD in investment to reach 6 pct growth ảnh 1Illustrative image (Photo: Internet)
Jakarta (VNA) – Indonesia needsover 35.4 trillion Rupiah (2.517 trillion USD) worth of investment to achieve anaverage economic growth of 6 percent in the next five years, according to theMinistry of National Development Planning (Bappenas).

Of the total investment figure, the Indonesiangovernment and state-owned businesses will contribute 9.4 percent and 8.8percent, respectively, under the national medium-term development plan for2020-2024 released recently by Bappenas. The remaining will be mobilized fromthe private sector.

Bappenas Deputy Minister Arifin Rudiyanto saidIndonesia will encourage industrialisation through promoting innovation andtechnology transfer in order to create new jobs and strengthen the domesticeconomy.

The country will also improve the investmentenvironment by simplifying administrative reforms and directing the flow of investmentto industrial parks and special economic zones, as well as boost growth inseveral fields such as manufacture and tourism, he added./.
VNA

See more

Emeritus Professor Hal Hill at Crawford School of Public Policy, Australian National University. (Photo: VNA)

Australian professor hails Vietnam’s important role in ASEAN

In a recent interview with the Vietnam News Agency (VNA)'s resident correspondents in Sydney, Hill underscored that the S-shaped country is the most dynamic economy in Southeast Asia in this century, particularly over the past 25 years, pointing to its seamless integration into global manufacturing networks.

President Ferdinand Marcos Jr. (Photo: PPA)

Philippine President revamps cabinet

President Marcos on March 22 called on all cabinet members to submit their resignations, paving the way for a "major government reset" aimed at better meeting public expectations following disappointing results in the recent midterm elections.

Senior officials from ASEAN member states convenes their first formal meeting within the framework of the 46th ASEAN Summit and related events on May 23. (Photo: asean.org)

Malaysia welcomes delegates to 46th ASEAN Summit

Speaking ahead of the event, Malaysian Prime Minister Anwar Ibrahim said the summit would focus on enhancing intra-ASEAN cooperation, boosting regional economic interests, and promoting investment initiatives.