Airlangga Said Indonesia Is In Second Place As A State Of Digital Investment Destination In ASEAN

President Jokowi (Photo: Antara)

Coordinating Minister for Economic Affairs Airlangga Hartarto said that Indonesia is ranked second as a country with the aim of digital investment in ASEAN.

Airlangga said that investment in Indonesia's digital economy reached 22 billion US dollars in 2023. Although still lagging behind Singapore, which has absorbed 141 billion US dollars in investment, Indonesia has surpassed Vietnam and Malaysia, which recorded 18 billion US dollars and 17 billion US dollars, respectively.

"For our second largest digital investment destination, the investment destination is close to 22 billion US dollars after Singapore. Singapore is the hub because it divides, but Indonesia (invests) really goes to us in 2023," said Airlangga during the Opening Ceremony of the Digital Economy and Finance (FEKDI) X Karya Kreatif Indonesia (KKI) 2024, Thursday, August 1.

Meanwhile, Airlangga explained that Indonesia's E-commerce contributed 40 percent of the market share in ASEAN, in 2023 we reached 77 billion US dollars. And also of course a demographic bonus that really has a technology capability of 53 percent of the population.

According to Airlangga, Indonesia's digital economic and financial ecosystem has made rapid progress and is able to become the locomotive of national economic growth.

Airlangga said this was reflected in several achievements in Indonesia at the global level, such as the 11th increase in the World Digital Competitiveness Ranking from 56th place in 2019 to 45th place in 2023.

"The 6th rating for start-ups globally, has the most innovative start-ups or 1st place in ASEAN, and has 15 unicorns and 2 decacorns that are already worldwide," he explained.

According to Airlangga, solid support and foundation are needed to ensure that the pace of the digital economy's locomotive remains stable and provides maximum benefits such as equitable digital infrastructure, superior and adaptive digital talent, full support for start-ups and MSMEs, as well as adaptive and protective regulations.

"The strengthening of the foundation must also be followed by an increase in financial inclusion in order to support the achievement of the financial inclusion target," he explained.