the Indonesian government continues to make efforts to boost economic growth by attracting foreign investment. In a new package of measures, investors are not allowed to manage special economic zones, but also have the residential property for the tax cuts of the order of 20 to 100 percent. To invite other foreigners, the government assesses the chances for investors to manage special economic zones and invite other manufacturers to occupy these areas.
Similarly, this model has been adopted by Vietnam, as they welcome foreigners to manage specific areas with free trade rules benefit, improving infrastructure, and tax rates below, to further strengthen manufacturing and exports.
With the hopes of luring investors, chairman of the Investment Coordinating Board (BKPM), Franky Sibarani reveals that the Government is also considering investor repayment plans if they build basic infrastructure, such as roads.
approve the new plan, Sany Iskandar, president of the industrial zones Association (HPI) said he will guarantee to foreign investors with greater legal certainty. In his words, "It would certainly attract investment in many countries."
Therefore, Singaporeans and Chinese investors have expressed interest in investing and management of these economic zones.