Vietnam, Thailand – Indonesia’s competitors in FDI attraction
Vietnam and Thailand have become Indonesia’s competitors in attracting foreign direct investment (FDI) into the Southeast Asian region, Indonesian Vice President Jusuf Kalla said on May 2.
Indonesian Vice President Jusuf Kalla (Source: AFP)
Jakarta (VNA) – Vietnam and Thailand have become Indonesia’s competitors inattracting foreign direct investment (FDI) into the Southeast Asian region,Indonesian Vice President Jusuf Kalla said on May 2.
Basedon the data released by the World Bank, Indonesia was placed in the 91st position in the “Ease of Doing Business” Ranking, while Vietnam stood at the 82nd position and Thailand, at 46.
Singaporewas ranked first in the ASEAN region and in the Asia-Pacific region.
TheVice President stated that Indonesia has progressed in improving its investmentenvironment, but other countries in the region can provide better ease of doingbusiness.
Therefore,the government will continue promoting deregulation in order to attract moreFDI into Indonesia and increase its competitiveness among its neighbouringcountries, he added.
Kallaalso highlighted the global economic slowdown, especially in China, that hasaffected the investment climate in Indonesia.
Accordingto the Capital Investment Coordinating Board in 2016, China was thethird-largest investor in Indonesia, with a total of 2.67 billion USD incapital, while the first position was occupied by Singapore, with 9.18 billion USD,and Japan stood second, with 5.4 billion USD. -VNA
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Indonesian Vice President Jusuf Kalla (Source: AFP) 
