Indonesia looks to attract more investment from RoK

Head of the Investment Coordinating Board (ICB) of Indonesia said he and Minister of State-owned Enterprises Erick Thohir made a visit to the Republic of Korea on September 23 and 24 to call for more RoK investment to Indonesia.

Tuesday, September 29, 2020 20:25

Indonesia looks to attract more investment from RoK ảnh 1

Illustrative image (Photo: Internet)

Jakarta (VNA) – Head of theInvestment Coordinating Board (ICB) of Indonesia said he and Minister of State-ownedEnterprises Erick Thohir made a visit to the Republic of Korea on September 23and 24 to call for more RoK investment to Indonesia.

Lahadaliasaid on September 28 that RoK investment in Indonesia in the second quarter of2020 surged to 552.6 million USD, noting that this is a positive sign.

ICBstatistics showed RoK investment in Indonesia in the first half of 2020 reached683 million USD, a year-on-year increase of 25 percent.

Since2015, the RoK has been the seventh biggest investor in Indonesia, afterSingapore, Japan, China, Hong Kong (China), Malaysia and the Netherlands.

RoKinvestment in Indonesia during the period from 2016 to early 2020 focused onelectricity, gas and water (944.3 millioin USD), machinery, electronics,medical equipment, electric and optical equipment (902.5 million USD),chemicals and pharmaceuticals (749.6 million USD), leather-footwear (552million USD), and other industries absorbed 528.7 million USD.

Javais the top destination for RoK investors, attracting 4.5 billion USD, followedby Kalimantan with 1 billion USD, and Sumatra with 372.4 million USD./.

VNA

#Investment Coordinating Board of Indonesia #Vietnamplus #Vietnam News Agency #Minister of State-owned Enterprises Erick Thohir

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