Indonesia’s economic growth ranks 2nd in G20: Minister
Indonesia’s economic growth is the second-highest among G20 countries, Coordinating Minister for Economic Affairs Airlangga Hartarto said on July 26 at the National Strategic Projects (PSN) conference in Jakarta.
Jakarta (VNA) – Indonesia’s economic growth is the second-highest among G20countries, Coordinating Minister for Economic Affairs Airlangga Hartarto said onJuly 26 at the National Strategic Projects (PSN) conference in Jakarta.
Hartartosaid that Indonesia’s economic growth is higher than other countries, evenamong the largest countries in the G20. The country’s economic growth stands at5.03%, making it the second-highest in the group of 20 leading economies (G20).
Despitethe current complex and multiple levels of global economic problems, such asinflation, wars, and the energy crisis, Indonesia’s economic position remains quitestrong, Hartarto said.
Furthermore, to escape the middle-income trap by 2035, Indonesiamust take advantage of the demographic bonus that will last for the next 13years, he added.
According to Hartarto, the key to significant economic growth is infrastructuredevelopment. Therefore, PSN projects are being prepared comprehensively tosupport national economic transformation policies in the short and long term.
Regarding short-term policies, PSN projects are being implementedthrough several programmes including those that provide incentives to attractinvestment in special economic zones (KEK), those for industrial estatesdevelopment, accelerated regional development, economic equity, foodsovereignty and the issuance of derivative regulations of Law Number 6 of 2023concerning Job Creation.
Hartarto said that for long-term policies, PSNs are implemented by increasingconnectivity through toll road projects, railways, airports, ports, and otherbasic infrastructure.
Additionally, PSNs focus on strengthening national energy securitythrough the provisi😼on of oil and gas infrastructure, electricity, andprocessing refineries, as well as accelerating digital transformation and theproduction of digital talent./.
Indonesia and the European Union (EU) have completed the 15th round of the Indonesia-European Union Comprehensive Economic Partnership Agreement (IEU-CEPA) negotiations.
The Indonesian Government is actively pursuing membership in the Organisation for Economic Cooperation and Development (OECD) as part of its ambition to become a high-income country, according to Coordinating Minister for Economic Affairs Airlangga Hartarto.
Indonesia has approved 11 collaborative projects through the BIMP-EAGA - Republic of Korea Cooperation Fund (BKCF) scheme, the country’s Coordinating Ministry for Economic Affairs has said.
The Immigration Agency of Indonesia has announced that the “golden visa” policy will be implemented as early as this July for foreign companies and citizens investing a certain amount of money in the Southeast Asian country.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
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.
A road in Jakarta, Indonesia (Photo: AFP/VNA) 
