Indonesia calls for US investment in digital economy, tourism

The Indonesian government has invited American investors to invest in the digital economy and the development of "10 New Balis", a plan that aims to replicate the economic effects of tourism in Bali nationally.

Sunday, February 24, 2019 17:10

Indonesia calls for US investment in digital economy, tourism ảnh 1

President Joko Widodo delivers a speech in the commemoration of the National Press Day (HPN) in Surabaya, East Java, on February 9, 2019. The 2019 HPN is themed The Press Boosts Digital-based People's Economy. (Source: Antara)

Hanoi (VNA) - The Indonesian government has invited Americaninvestors to invest in the digital economy and the development of "10 NewBalis", a plan that aims to replicate the economic effects of tourism inBali nationally.

According to local media agency Antara News, suchan invitation was made during the Indonesia-San Francisco Business Forum 2019in San Francisco on February 20, which was expected to bring Indonesia closerto businesses and society in Northern California.

ActingConsul General of Indonesia in San Francisco Hanggiro Setiabudi said that underthe theme of "Invest in A Reformed Indonesia: Utilizing Digital Technologyin Developing Regional and Tourism Investment Opportunities", the forumaimed to present the latest development of the Indonesian economy, especiallythe potential sectors where foreign investors could invest in the digitaleconomy and the development of tourism destinations.

The Indonesia Investment Promotion Center (IIPC)in New York stated that in 2018, Indonesia’s digital economy reached 27 billionUSD, making it the largest and fastest growing in Southeast Asia. Google andTemasek estimated the value would grow to 100 billion USD within the next 10years.

New York IIPC Investment Promotion OfficerRahardjo Siswohartono said that this growth is also supported by the governmentthrough the 14th economic policy package which is to facilitate and expandaccess to tech funding for startups, tax incentives, consumer protection, andHR education.

To further strengthen cooperation, IIPC New Yorkinvited investors to attend the Regional Investment Forum (RIF) next March inthe Indonesian province of Banten to meet directly with policy makers in thedigital economy sector, exploring cooperation with dozens of tech developers,startups and tourism projects.

In addition to the development of the digitaleconomy, including financial technology, participants were very enthusiasticand further discussed the potential for developing Indonesian tourismdestinations, including the development of supporting infrastructure and theair transportation sector.-VNA

VNA

#Indonesian government #American investors #10 New Balis #Indonesia-San Francisco Business Forum 2019 #Indonesia Investment Promotion Center #Indonesia #Vietnam #Vietnam news #Vietnam News Agency Indonesia

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