Indonesia’s economy has rebounded from the recession as consumers and businesses resumed activities and a global economic recovery boosted exports, according to insiders.
Chairman of Indonesia's BPS Margo Yuwono (Photo: BPS)
Jakarta (VNA) –ꦬ Indonesia’s economy has rebounded from the recession as consumers andbusinesses resumed activities and a global economic recovery boosted exports, according to insiders.
The country's GDProse 3.69 percent in 2021 from the previous year, driven largely by a reboundin investment, compared to a 2.07 percent contraction the year before, StatisticsIndonesia (BPS) reported on February 7. Thecountry's economy grew by 5.02 percent in the fourth quarter of 2021. That wasroughly in line with the Indonesian government’s prediction and a touch fasterthan the 4.9 percent expected in a Reuters poll. Indonesia’sGDP is forecast to rise in 2022, however, the outlook for this year is clouded dueto the Omicron variant of the coronavirus and rising COVID-19 cases. “Indonesia’seconomy rebounded strongly in the final quarter of last year, but the recoveryis now entering a more difficult phase,” analyst GarethLeather of UK-based Capital Economics research consultancy said. The IMF inJanuary downgraded Indonesia's 2022 economic growth forecast to 5.6 percent in2022, from 5.9 percent in its previous report, and 6 percent in 2023 from 6.4percent./.
Indonesia will shorten mandatory quarantine time to five days from the previous seven for arrivals from February 4, in an effort to bolster tourism, especially in Bali resort island.
Indonesian Minister of Tourism and Creative Economy Sandiaga Uno has said that the country plans to open 4,000 restaurants abroad in late 2023 and early 2024 to promote its culinary culture.
The acceleration of digital transformation in Indonesia can be driven through four main sectors, namely digital infrastructure, digital government, digital economy, and digital society, according to the Ministry of Communication and Informatics.
The Transportation Ministry of Indonesia has issued a new regulation on Indonesians and foreigners travelling by air for tourism in efforts to curb the spread of COVID-19.
The handover ceremony was held at the Malaysian Embassy headquarters in Mexico City on August 8, with the presence of heads of diplomatic missions from ASEAN member states in Mexico.
Total trade between Indonesia and New Zealand in the first half of 2025 reached 963.23 million USD, an increase of 21.56% compared to 792.39 million USD in the same period last year. Of this amount, Indonesia's exports to New Zealand totaled 374.89 million USD, while imports 588.35 million USD
Malaysia, as ASEAN 2025 Chair, marked the bloc’s 58th founding anniversary on August 8 with a vibrant celebration in Cyberjaya, blending an official ceremony with a colorful cultural festival.
Vietnam plays an important role in Southeast Asia’s economic growth and is a key partner of her country in realising the shared vision of a peaceful, stable, and prosperous region, said Robyn Mudie, First Assistant Secretary of Office of Southeast Asia (OSA) – Southeast Asia Regional and Mainland Division at Australia’s Department of Foreign Affairs and Trade (DFAT).
The 2025 ASEAN Business Community Development (ABCD) Forum, themed “Empowering ASEAN's Next Leap: Digital, Sustainable & Entrepreneurial Transformation” brought together ministers, CEOs, and top industry experts to discuss key regional economic priorities.
The DES Ministry will seek cooperation from social media platforms to prevent the spread of fake news and monitor accounts related to such activities, he told reporters after chairing a meeting of the newly established Anti-Fake News Centre (AFNC).
The Joint Standing Committee on Commerce, Industry and Banking identified the US tariff reduction as a significant driver behind the improved economic outlook for Thailand.
Financial institutions and financial technology (fintech) players are intensifying their focus on expanding across the Association of Southeast Asian Nations (ASEAN), adopting tailored strategies to strengthen their presence in the region’s digital financial services landscape.
Featuring a permanent exhibition area, the ASEAN Hall will function both as a cultural showcase and as a dynamic venue for ASEAN-related events and programmes. Its inauguration on ASEAN Day added symbolic weight, marking a fresh milestone in ASEAN–RoK relations.
Thailand’s Ministry of Commerce and rice exporters are devising strategic plans to boost rice exports amid global market fluctuations, focusing on key markets and adjusting output.
The focus of the upcoming ASEAN Summit in October will be on strengthening economic relations through intra-regional trade and investment, as well as regional initiatives on energy networks and connectivity.
Indonesian Ambassador Rina P. Soemarno, who currently serves as Chair of the ASEAN Committee in Prague, emphasised the spirit of regional solidarity and cooperation, and the importance of enhancing ASEAN–Czech Republic relations.
The Indonesian Government is determined to seize opportunities to enhance the competitiveness of national agricultural products, an official has said, adding that it always strives to promote exports at the highest possible level, based on a mutually beneficial foundation.
Finance Minister Pichai Chunhavajira has outlined a six-point strategy to promote innovation, support small and medium-sized enterprises (SMEs), and push for Thailand's removal from the US Trade Representative (USTR)’s special 301 Watch List regarding intellectual property rights protection among trading partners.
Vietnamese Ambassador to Israel Ly Duc Trung emphasised ASEAN’s central role in regional mechanisms such as the ASEAN Regional Forum (ARF) and the East Asia Summit (EAS), highlighting its significant contribution to promoting peace, stability, and prosperity in Southeast Asia.
The consumer index of the University of the Thai Chamber of Commerce (UTCC), fell to 51.7 in July from 52.7 in the previous month. The sluggish economy and the trade war, as well as high living costs, continue to undermine confidence, the university said.
Deputy Speaker of the Hungarian National Assembly Istvan Jakab expressed his hope for further deepening Hungary’s ties with ASEAN countries and called for their support for Hungary’s accession to the Treaty of Amity and Cooperation in Southeast Asia.
The 30-storey tower crumbled seconds after a 7.7-magnitude earthquake hit neighbouring Myanmar on March 28. The partially built high-rise, meant to house the State Audit Office (SAO), was the only building in Thailand to collapse, killing 89 people on the site, mostly construction workers.
Indonesia’s waste generation is projected to exceed 50 million tonnes in 2025. Of the total, more than 20 million tonnes could potentially enter the ocean through rivers, coastal areas, small islands, ports, and marine activities, and thereby, pose a risk to coastal ecosystems and marine biota.
Chairman of Indonesia's BPS Margo Yuwono (Photo: BPS) 
