Jakarta-Singapore and Indonesia still compete as many major countries attract foreign direct investment (foreign direct investment / FDI) in the ASEAN region. However there is one country that is enough growth in FDI which rose segnifikan, that is Vietnam.
Vietnam is slowly becoming a foreign investment destination in ASEAN. The communist state government offers various incentives to attract foreign investors.
Head of International Relations and Investment, the Indonesian Employers Association (Apindo) Kamdani Shinta Widjaja said, the combined flow of foreign direct investment (FDI) Indonesia Number 2 in Southeast Asia after Singapore, still below Singapore in 2014.
“Now what’s interesting is Vietnam. FDI they grow up to 200-fold, compared to Indonesia which is only 20-fold. It is nominally still smaller than FDI Indonesia,” said Shinta in the launch of the World Investment Report 2015 at Menara Thamrin, Jakarta, Wednesday (06.24.2015)
Shinta said, Vietnam is now very aggressive attract FDI. Government they opened the door wide to FDI, whereas before Vietnam far less than Indonesia.
“They were really aggressive. First, investors were given a great incentive of tax holiday, tax allowance and others. Second, ease of doing business. Investors considered the king. What they want, given by the government of Vietnam,” he said.
He said Indonesia could actually like Vietnam, with the imposition of tax holiday and tax allowance. Additionally, with one-stop service or integrated one-stop service (OSS) in the BKPM.