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Indonesia to set up tourism fund

Indonesian President Joko Widodo has instructed relevant ministers to form a fund serving the building of a world-class tourism sector, according to Minister of Tourism and Creative Economy Sandiaga Uno.
Indonesia to set up tourism fund ảnh 1Foreign visitors queue at the visa on arrival service at I Gusti Ngurah Rai International Airport in Denpasar, Bali, April 8, 2023. (Photo: antaranews.com)
Jakarta (VNA) – Indonesian President Joko Widodo has instructed relevant ministers to form a fund serving thebuilding of a world-class tourism sector, according to Minister ofTourism and Creative Economy Sandiaga Uno.

The ministersaid the fund will be started with good governance and prioritise sustainableand quality tourism by highlighting domestic cultural excellence.

Stating that quality tourists will bring economic effects tothe country, such as an impact on job creation, he noted the government willform a special team to determine the fund mechanism.

One of the options is through an endowment fund supported by foreign exchange from tourism that could generate 20-25 billion USD annually before the pandemic, he added.

According to the minister, the government will propose arevision of Law Number 10 of 2009 on Tourism, which covers the funding aspectof the tourism fund.

The tourism fund is set to begin in 2024, and the newcabinet resulting from the general election slated for February 14, 2024 will run it./.
VNA
#Indonesia#Indonesian President#Joko Widodo#Sandiaga Uno#world-class tourism#tourism fund#vietnam news agency#vietnamplus
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