Indonesian newspaper highlights Vietnam's lead in investment attraction, industrial development
Jakarta, Nov. 9 -- An article entitled "Indonesia's Factories Lag as Vietnam Races Ahead", recently published by the Jakarta Globe, has noted that Indonesia's manufacturing sector is struggling to compete with Vietnam, which boasts faster economic growth, a more stable investment environment and an increasingly developed industrial base, thereby attracting global manufacturers. The article noted that Indonesia's economy grew 5.47% year-on-year in the third quarter of 2026, its highest Q3 growth since 2023. Vietnam, meanwhile, recorded growth of 9.95%, despite having a nominal GDP nearly three times smaller. Vietnam's industrial and construction sector expanded 11.2% in the first nine months while industrial production rose 12.3%. The news...
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