(VOVWORLD) - Vietnam and Thailand have become Indonesia’s competitors in attracting foreign direct investment (FDI) in Southeast Asia, Indonesian Vice President Jusuf Kalla said.
 Indonesian Vice President Jusuf Kalla |
On the World Bank’s “Ease of Doing Business” Ranking, Indonesia was placed in 91st position while Vietnam stood at 82nd position and Thailand at 46th. Singapore was ranked first in both ASEAN and the Asia-Pacific region.
The Vice President stated that Indonesia has progressed in its investment environment, but other countries in the region provide an easier system of doing business. He added that the Indonesian government will continue deregulation to attract more FDI and increase its competitiveness among neighbouring countries.