World

Vietnam is Indonesia’s competitor in foreign investment attraction: Minister

Vietnam and Bangladesh are considered the most potential competitors of Indonesia in attracting foreign investment after COVID-19, according to Indonesian Minister of Public Works and Public Housing (PUPR) Basuki Hadimuljono.
Vietnam is Indonesia’s competitor in foreign investment attraction: Minister ảnh 1Vietnamese workers (Photo: VNA)

Jakarta (VNA) – Vietnam and Bangladeshare considered the most potential competitors of Indonesia in attractingforeign investment after COVID-19, according to Indonesian Minister of PublicWorks and Public Housing (PUPR) Basuki Hadimuljono.

To welcome the wave of foreign investmentshifting from China, Indonesia has prepared land areas to draw investors, hesaid.

The minister added that President Joko Widodohas repeatedly expressed concern about Indonesia’s weaker attraction of foreigninvestment than neighbouring countries.

Therefore, Indonesian government agencies havequickly adjusted a number of policies to create the optimal conditions for overseasinvestors to operate in the Southeast Asian country.

The government has pushed the policy of buildingindustrial parks to welcome US and Japanese investors.

Indonesia is now home to 103 active industrialparks covering 55,000 hectares./.



VNA
#COVID-19 #potential competitors #foreign investment attraction #Indonesian Minister of Public Works and Public Housing (PUPR) Basuki Hadimuljono #China #President Joko Widodo #Vietnamplus #Vietnam News Agency Indonesia Vietnam
Follow VietnamPlus

Related News

Vietnam - attractive, safe investment destination: official

Vietnam - attractive, safe investment destination: official

Vietnam has proved that it is an attractive and safe destination for investors, as reflected through positive signs in foreign direct investment (FDI) in the country in the first five months of this year, according to an official from the Ministry of Planning and Investment (MPI).

See more

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%.

The sixth ASEAN Digital Ministers’ Meeting (ADGMIN) approves the Hanoi Declaration on digital cooperation, reaffirming the bloc’s goals and principles as outlined in the 1967 Bangkok Declaration and the ASEAN Charter. (Photo: ASEAN/Facebook)

ASEAN, Japan envision joint AI development

Amid intensifying US–China rivalry and deepening technological fragmentation, ASEAN and Japan have strong potential to collaborate in developing more inclusive and comprehensive artificial intelligence (AI) models, according to an article published on fulcrum.sg on April 14.

At the video conference (Photo: Nation Thailand)

Thailand backs Japan’s push for energy security

At the summit, Japan announced a new initiative to support AZEC member countries through low-interest loans for the procurement of crude oil, refined fuel and essential goods, alongside broader fiscal support measures.

Indonesia steps up local currency use to reduce reliance on USD

Indonesia steps up local currency use to reduce reliance on USD

According to the Indonesian government data, total LCT transaction value reached 8.45 billion USD in January and February, a sharp increase from 3.21 billion USD in the same period last year. User participation has also risen significantly, surpassing 14,600 by February, with monthly averages exceeding 16,000, well above 2025 levels.

SMEs are the backbone of the Malaysian economy. (Photo: thestar.com.my)

Malaysia rolls out low-interest financing package for SMEs

The latest funding forms part of the government’s broader PowerUp10K campaign, a year-long initiative aimed at strengthening SMEs at different stages of growth. Under the programme, the ministry is targeting total disbursements of up to 15 billion MYR in low-cost financing, higher than the previously allocated 10 billion MYR.

Illustrative photo (Photo: thejakartapost.com)

Indonesia strengthens palm oil industry through sustainability certification

Indonesia’s palm oil industry is a major pillar of the national economy, with more than 16 million hectares under cultivation and crude palm oil (CPO) output reaching 51.66 million tonnes in 2025. This scale has helped the country maintain its position as one of the world’s largest producers and exporters of palm oil.