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FDI in Indonesia slows down in 2018

Indonesia attracted 392.7 trillion IDR (27.86 billion USD) in foreign direct investment (FDI) in 2018, down from the 430.5 trillion IDR lured in the previous year, according to the country’s investment coordinating board.
FDI in Indonesia slows down in 2018 ảnh 1A corner of Indonesia's Jakarta capital city (Source: Internet)

Jakarta (VNA) – Indonesia attracted 392.7 trillion IDR (27.86billion USD) in foreign direct investment (FDI) in 2018, down from the 430.5trillion IDR lured in the previous year, according to the country’s investmentcoordinating board.

Chairman of the boardThomas Trikasih Lembong said that the lack of execution of policies andobstacles abroad are factored in slowing down investment inflows.

He showed his beliefin brighter prospects for FDI attraction this year, especially after the presidentialand parliamentary polls in April.

President Joko Widodohas undertaken a massive improvement in rules, procedures and incentives. Thegovernment also plans to relax restriction on foreign ownership in 49 businesssectors, a move which aims to lure more foreign investment to park into thecountry.

The Southeast Asia's biggest economy is expectedto expand 5.17 to 5.2 percent in 2018 after growing 5.07 percent in 2017.-VNA
VNA
#Indonesia#foreign direct investment#FDI#2018#investment coordinating board#Thomas Trikasih Lembong#Vietnam#Vietnamplus#Vietnam News Agency
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