Indonesia enjoys trade surplus in 33 straight months
Indonesia posted a 33rd consecutive month of trade surplus with 3.87 billion in January, according to statistics released by Statistics Indonesia (BPS) on February 15.
Jakarta (VNA) - Indonesia posted a 33rd consecutive month of tradesurplus with 3.87 billion in January, according to statistics released by StatisticsIndonesia (BPS) on February 15.
The Southeast Asian nation’s export turnover in January reached 22.31billion USD in January, down 6.36% from the previous month, but increased by 16.37%year-on-year.
Meanwhile, the country spent 18.44 billion USD on imports, aslight rise of 1.27% from the same period last year.
According to BPS deputy head Habibullah, Indonesia’strade balance has been in surplus for the 33rd consecutive month since May2020. Three countries with which Indonesia had the biggest surplus inJanuary include the US (1.17 billion USD), the Philippines (909 millionUSD), and India (810.5 million USD).
ꦐ In overall trade with ASEAN member countries,Indonesia also enjoyed a surplus of 1.42 billion USD in the month./.
Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto has said he is optimistic that national economic growth will cross 5.3 % in 2023 if the government spending is increased.
According to Indonesian State Enterprise Minister Erick Thohir, the total profit of 41 state-owned enterprises (SOEs) jumped 143% in 2022 to 303.7 trillion IDR (20 billion USD), led by banks making more money on their loan portfolios.
Indonesian airlines have expressed optimism that passenger figures on domestic routes are on track to get back to the pre-pandemic level in the first quarter of 2024, nearly a year faster than previously estimated.
Indonesia’s Ministry of Cooperatives and Small and Medium Enterprises (SMEs) is aiming to help 24 million micro, small, and medium enterprises (MSMEs) enter the digital ecosystem by the end of this year.
Indonesian President Joko Widodo has named several important agendas to be prioritised for the 10th World Water Forum (WWF) which it will host in 2024.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.