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Indonesia surpasses Singapore in digital investment in ASEAN: official

Indonesia has exceeded Singapore to lead ASEAN in terms of investment in the digital sector, according to Indonesian Vice President Ma'ruf Amin.
Indonesia surpasses Singapore in digital investment in ASEAN: official ảnh 1Indonesian Vice President Ma'ruf Amin (Photo: Antara)
Hanoi (VNA) – Indonesia has exceeded Singaporeto lead ASEAN in terms of investment in the digital sector, according to IndonesianVice President Ma'ruf Amin.

Speaking at the recent national press day, the official saiddigitalisation has become an economic gear, with the digital economy inIndonesia predicted to be the largest in Southeast Asia and worth roughly 1,700trillion Rp (over 118 billion USD) in 2025.

According to him, the pandemic has accelerated digitalpenetration in the country, and the number of digital consumers from 2020 tomid-2021 has increased by 21 million. The growth has encouraged internet usageand resulted in an increase of digital transactions by 49 percent or 47 billionUSD by the end of 2021.

Regarding the negative sides of the digital economy such ascapital outflow, tax ignorance, and unemployment, he noted the government hasto make efforts to ensure digital independence and sovereignty./.
VNA

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