Indonesia targets nearly 294.5 billion USD in exports this year to push the country’s economy towards a growth target of 8% set by President Prabowo Subianto.
The unloading activities at the Ahmad Yani port in Ternate, North Maluku, Indonesia. (Photo: Antara)
Jakarta (VNA) - Indonesia targets nearly 294.5 billion USD in exports this year to push the country’s economy towards a growth target of 8% set by President Prabowo Subianto.
Prabowo is upbeat that the Indonesian economy can expand 8% within the first year of his term, topping the country’s 5% growth rate over the past years. This ambitious goal translates into yearly export target increases.
Indonesia is eyeing 294.5 billion USD in exports in 2025, up by 7.1% year-on-year from the 274.9 billion USD yearly export baseline in 2024.
ꦫ Given the current global economic situation, Indonesia's gross domestic product (GDP) growth target, the rupiah-dollar exchange rate and global commodity prices, the country's 2025 export target is appropriate, Trade Minister Budi Santoso said on January 6.
Southeast Asia's largest economy plans to raise its export target by nearly 7.1% year-on-year in 2026, to 315.3 billion USD. The target will soar 7.9% to 340.2 billion USD in 2027, and almost 8.8% to 370 billion USD the following year. The current Prabowo government also intends to wrap up its final year in office with a 405.7 billion USD export in 2029, marking a 9.6% year-on-year growth compared to the 2028 target.
Indonesia also wants to have more of its micro, small and medium enterprises (MSMEs) - which make up about 61% of the national GDP - penetrate into the international market. In 2025, it has set an export target of 19.3 billion USD for its MSMEs. By 2029, these businesses should post approximately 35.3 billion USD in exports, according to Budi.
♛ Government data showed Indonesian exports totalled about 241.3 billion USD in the first 11 months of 2024. The country's non-oil and gas sector contributed 226.9 billion USD with mineral fuels making up 15.9% of the exported goods. China remained Indonesia's top destination for non-oil and gas exports, reaching 54.4 billion USD over the reviewed period.
At present, Indonesia has 19 bilateral and multilateral free trade deals which have provided the country with better market access to the Association of Southeast Asian Nations (ASEAN), China, Australia, and Japan, among others./.
Indonesia has pushed back the deadline for its trade pact with the European Union (EU), with Jakarta eyeing to complete the negotiations in the first half of 2025.
The Indonesian Government spent 43.4 trillion IDR (2.69 billion USD) from the 2024 state budget on the development of the country’s new capital, Nusantara, accounting for 97.3% of the 44.5 trillion IDR ceiling.
Indonesia’s Minister of Investment and Downstream Policy Rosan Roelani has announced that the country expects to receive 13.032 trillion IDR (805.73 billion USD) in investment during the 2025–2029 period.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Talking to the Vietnam News Agency on the occasion of the 100th anniversary of the Vietnam’s Revolutionary Press Day (June 21, 1925–2025), Nikulina, who is also a veteran journalist of Russia’s Sputnik News, emphasised the vital role of mainstream journalism in defending the truth and maintaining public trust.
