Chinese Companies Are Actively Investing In The Indonesian Market
Jayson 11 Nov 2023 09:43
Becoming a local lighthouse factory, localized operations have led to a steady increase in market share, and the scene of factory construction and recruitment is busy... Chinese companies have recently become more enthusiastic about investment and business layout in Indonesia.
Industry insiders said that as local consumption potential continues to be released and opportunities for economic recovery and transformation emerge, more and more Chinese companies are optimistic about the Indonesian market.
"We very much welcome Chinese companies to invest and start businesses in Indonesia. We hope that Chinese companies will pay attention to Indonesia's labor-intensive and renewable energy industries, and help Indonesia achieve economic transformation." said Jayo Purnom, Director of the Investment Promotion Department of the Indonesian Ministry of Investment.
He also pointed out that as the largest economy in ASEAN, the Indonesian Parliament passed the "Comprehensive Employment Creation Law" in March this year, which is regarded as an important measure by the government to improve the business environment, improve government efficiency, and adjust the relationship between enterprises and employees. . In addition, Indonesia has also reduced corporate income tax from 25% to 22%.
Asgard Rashid, Chairman of the Indonesian Chamber of Commerce and Industry and Chairman of the ASEAN Business Advisory Council, recently stated that he hopes to establish deeper friendships with companies that have invested in Indonesia and also looks forward to more Chinese companies joining Indonesia's economic construction.
He said that in recent years, the trend of Chinese companies deploying in Indonesia has increased significantly. "For example, in 2013, Chinese mobile phone manufacturer OPPO expanded into the Indonesian market and increased its market share in Indonesia from zero to 7% in just one year.
In 2015, SAIC-GM-Wuling became one of the first Chinese automobile companies to invest in and build a factory in Indonesia. , has now invested a total of US$1 billion locally. In 2020 alone, Chinese-funded enterprises' investment in Indonesia reached US$2.198 billion."
At present, the business community is also promoting localized business in Indonesia, improving the level of local employees and promoting the upgrading of the industrial chain.
Industry insiders said that as local consumption potential continues to be released and opportunities for economic recovery and transformation emerge, more and more Chinese companies are optimistic about the Indonesian market.
"We very much welcome Chinese companies to invest and start businesses in Indonesia. We hope that Chinese companies will pay attention to Indonesia's labor-intensive and renewable energy industries, and help Indonesia achieve economic transformation." said Jayo Purnom, Director of the Investment Promotion Department of the Indonesian Ministry of Investment.
He also pointed out that as the largest economy in ASEAN, the Indonesian Parliament passed the "Comprehensive Employment Creation Law" in March this year, which is regarded as an important measure by the government to improve the business environment, improve government efficiency, and adjust the relationship between enterprises and employees. . In addition, Indonesia has also reduced corporate income tax from 25% to 22%.
Asgard Rashid, Chairman of the Indonesian Chamber of Commerce and Industry and Chairman of the ASEAN Business Advisory Council, recently stated that he hopes to establish deeper friendships with companies that have invested in Indonesia and also looks forward to more Chinese companies joining Indonesia's economic construction.
He said that in recent years, the trend of Chinese companies deploying in Indonesia has increased significantly. "For example, in 2013, Chinese mobile phone manufacturer OPPO expanded into the Indonesian market and increased its market share in Indonesia from zero to 7% in just one year.
In 2015, SAIC-GM-Wuling became one of the first Chinese automobile companies to invest in and build a factory in Indonesia. , has now invested a total of US$1 billion locally. In 2020 alone, Chinese-funded enterprises' investment in Indonesia reached US$2.198 billion."
At present, the business community is also promoting localized business in Indonesia, improving the level of local employees and promoting the upgrading of the industrial chain.
