World

Indonesia prioritises MSMEs development for economic growth

The development of micro, small, and medium enterprises (MSMEs) is necessary and important to promote Indonesia’s economic growth, said Coordinating Minister for Economic Affairs Airlangga Hartarto.
Indonesia prioritises MSMEs development for economic growth ảnh 1A corner of Jakarta (Photo: AFP)
Hanoi (VNA) – The development of micro, small, andmedium enterprises (MSMEs) is necessary and important to promote Indonesia’s economicgrowth, said Coordinating Minister for Economic Affairs Airlangga Hartarto.

The minister said the sector plays an important role ineconomic recovery, with their number growing year on year.

According to him, MSMEs’ contribution was recorded at around61 percent of the country’s GDP and they employed 97 percent of the totalworkforce. During every crisis period, the group becomes resilient with anability to recover well.

The minister emphasised that the Indonesian government ispaying serious attention to MSMEs, particularly via promoting them to a widermarket to increase their access to financing.

Currently, MSME loans accounted for only 18 percent of thetotal credit. Indonesian President Joko Widodo has given his directions toincrease such percentage by at least 30 percent by 2024.

The minister also believed that MSMEs' competitiveness couldbe improved through digital innovation. The local government has also providedfacilities, including licensing, fiscal incentives, market access, and accessto raw materials for the group./.
VNA
#Indonesia #MSMEs #Airlangga Hartarto #Indonesia’s economic growth #vietnam news agency #vietnamplus Indonesia
Follow VietnamPlus

Related News

US company pours 7 billion USD into Indonesia

US company pours 7 billion USD into Indonesia

Air Products & Chemicals - a multinational industrial gas and chemicals manufacturer headquartered in the US, has carried out the first phase of its investment in projects worth 7 billion USD in Indonesia over the past two years.

See more

Indonesian-branded cosmetic and personal care products are available at supermarkets and shopping malls (Photo: VNA)

Indonesia aims to master cosmetics industry value chain

Key drivers include its large population, expanding middle class, and rapidly rising demand for beauty products, especially among young consumers. The market has reached billions of US dollars and is projected to maintain strong growth in the medium term.

The Anthropic logo is seen in this illustration taken on Mar 1, 2026. (File photo: Reuters)

Singapore warns of cyber risks from Frontier AI models

According to CSA, advanced AI models – among the most cutting-edge systems today – can significantly shorten the time needed to identify system vulnerabilities and develop exploitation tools, reducing the process from months to just hours.

Helicopter carrying eight reported missing in Indonesia

Helicopter carrying eight reported missing in Indonesia

Indonesian authorities are urgently conducting a search and rescue operation after receiving reports that a helicopter carrying eight people suddenly lost contact on the morning of April 16 in West Kalimantan on the island of Borneo.

Malaysia’s job losses surge 47% in the first quarter of 2026 (Photo: AFP)

Malaysia's layoffs rise 47% in first quarter

The report, based on figures from Malaysia’s Social Security Organisation, showed layoffs peaked in January with around 10,700 cases before easing to 7,500 in February and 5,900 in March. Despite the slowdown toward the end of the quarter, the total remained significantly higher than the roughly 16,500 layoffs recorded in the same period of 2025.

People take part in the Songkran Festival in Bangkok, Thailand, on April 13, 2026. (Photo: Xinhua/VNA)

Thailand's tourism sector enjoys windfall during Songkran Festival 2026

TAT estimated that around 500,000 foreign tourists visited Thailand during the April 11–15 period, generating about 8.1 billion THB, a 2% year-on-year increase. Domestic travel is projected at 5.96 million trips, up 7%, contributing about 22.25 billion THB, an annual rise of 8%.