Indonesia needs over 2.5 trillion USD investment to reach 6 pct growth

Indonesia needs over 2.5 trillion USD in investment to reach 6 pct growth

Indonesia needs over 35.4 trillion Rupiah (2.517 trillion USD) worth of investment to achieve an average economic growth of 6 percent in the next five years, according to the Ministry of National Development Planning (Bappenas).

Wednesday, December 18, 2019 18:50

Indonesia needs over 2.5 trillion USD in investment to reach 6 pct growth ảnh 1

Illustrative image (Photo: Internet)

Jakarta (VNA) – Indonesia needsover 35.4 trillion Rupiah (2.517 trillion USD) worth of investment to achieve anaverage economic growth of 6 percent in the next five years, according to theMinistry of National Development Planning (Bappenas).

Of the total investment figure, the Indonesiangovernment and state-owned businesses will contribute 9.4 percent and 8.8percent, respectively, under the national medium-term development plan for2020-2024 released recently by Bappenas. The remaining will be mobilized fromthe private sector.

Bappenas Deputy Minister Arifin Rudiyanto saidIndonesia will encourage industrialisation through promoting innovation andtechnology transfer in order to create new jobs and strengthen the domesticeconomy.

The country will also improve the investmentenvironment by simplifying administrative reforms and directing the flow of investmentto industrial parks and special economic zones, as well as boost growth inseveral fields such as manufacture and tourism, he added./.

VNA

#Indonesia Ministry of National Development Planning #Vietnamplus #Vietnam News Agency #Bappenas Deputy Minister Arifin Rudiyanto

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