Illustrative image (Photo: Internet)

Indonesia issues decree on special economic zones

Indonesian President Joko Widodo has recently issued a government’s decree on special economic zones (SEZs) in order to draw over US$50 billion into them in the next decade.
At Nongsa digital park (Photo: Internet)

Indonesia to build two special economic zones on Batam island

The Indonesian Coordinating Economy Ministry said on December 23 that the country will build two special economic zones on Batam island, Riau province, next year while it awaits revisions to the free trade and port zone regulation (KPBPB).

Foreigners visit a fish source production facility in An Thoi Town, Phu Quoc Island. (Photo: VNA/VNS)

Special econ zones should enjoy special rules: PM

Prime Minister Nguyen Xuan Phuc agreed in principle that the three special economic zones being planned by the Government to spearhead the country’s economic growth should enjoy special regulations and fewer limitations to woo investments.