Indonesia aims for 6 percent growth in 2018

Indonesian President Joko Widodo said his government has set an economic growth target of over 6 percent in 2018 thanks to a strong growth of investment, according to Vietnamnews's source.

The target is significantly higher than 5.2 percent and 5.1 percent set for 2016 and 2017, respectively.

According to the Indonesia Investment Coordinating Board (BKPM), the investment of the largest economy in Southeast Asia rose to 453.5 trillion IDR (34.72 billion USD) in the first nine months of this year, an increase of 13.4 percent year-on-year.

BKPM President Thomas Lembong optimistically projected Indonesia’s total investment will reach 594.8 trillion IDR (45.5 billion USD) by the end of this year.

President Widodo also admitted that such target is not easy to achieve, adding that most importantly, investment must grow about 10 percent.

To date, Widodo’s administration has issued 13 economic reform packages to attract investors.

The World Bank has recently upgraded Indonesia's Ease of Doing Business (EODB) rating from 106 th to 91th place thanks to the government's economic reform initiatives.

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