Kolkata Wealth Management：[Southern East ETF Investment and Research Views] In Southeast Asia Science and Technology Development Perception (5) -Indonesia (National Article)

Source: Snowball APP, Author: Southern Dongying Asset Management, (

1. Indonesia Economic Overview

1. Population-the fourth largest country in the world, a country-type country of a diversified ethnic islands

Indonesia has a population of 280 million and is the fourth largest country in the world, second only to India, India and the United States.Indonesia’s population structure is healthy, and sufficient young laborers are the largest dividends in Indonesia’s economic growthKolkata Wealth Management. Generation Z and millennials account for 28%and 26%, respectively, and 71%of the labor population between 15-64 years old.Popularity is only 6%.

Although the development of Higher Education in Indonesia is later than most countries in Southeast Asia. In the past ten years, Indonesia’s higher education gross enrollment rate has achieved rapid climbing. From 24%in 2010 to 43%Without opening the "Higher Education Act" issued by Indonesia in 2012, the bill regulates the teaching standards of higher education, improves the certification requirements of higher education school running, relaxes the entry threshold for overseas higher education institutions to enter the Indonesian market, and improves education finance by improving education financeSubsidies support disadvantaged areas and family students.

Indonesia is the world’s largest islands. It has tens of thousands of islands and has hundreds of ethnic groups. Among them, the Java people account for about 45%of Indonesia’s total population and are the largest nation in Indonesia.Nevertheless, Indonesia did not choose Javi as the official language, but to promote the more simple and flexible Malay language to break the communication obstacles between cross -regional and multi -ethnic groups.

Source: Indonesian Statistics Bureau, World Bank, Indian Ministry of Foreign Affairs, IMF

2. Economic Structure-Foreign Investment Creats a record high, and domestic demand is driven by strong economic growth

In the context of the slowdown of global economic growth, Indonesia’s 2022 nominal GDP reached 1.3 trillion US dollars, and the actual GDP increased by 5.3%year -on -year, achieving the fastest economic growth in the past nine years. IMF expects that Indonesia will remain in 2023 and 2024 that will remain in 2023 and 2024.5%of the actual GDP growth every year.In 2023, Indonesia attracted foreign investment of 47.3 billion US dollars, a record high. The main source of investment includes Singapore, India and Japan. The main investment areas of foreign capital inflows include metal, mining, warehousing logistics and telecommunications.

Indonesia’s GDP’s largest contribution includes manufacturing and mining industries. Indonesia has rich mineral resources. Metal reserves such as nickel, tin, gold, aluminum ore and copper are at the forefront of the world, and the export scale of power coal is ranked first in the world.After the administration of President Su Hilo in 2004, he actively promoted a series of policies, including the development of exports, infrastructure construction, attracting foreign investment, and support for the development of SMEs. Indonesia’s GDP increased an average annual growth of more than 5%during its administration.In 2014, President Zako further raised the government infrastructure budget after governing. With the help of financing opportunities provided by regional cooperation mechanisms, he developed infrastructure such as ports, railways, and highways to promote market economy and reduce corporate taxation.

Indonesia’s dependence on exports is lower than most of the developed economies of Southeast Asia. One of the Indonesian economies comes from domestic demand. It benefits from expanding the middle -class population. In recent years, the proportion of Indonesian private sector consumption has maintained the name of more than 50%.The economy brings the toughness that resist cycle fluctuations.According to the "2025-2045 National Long-term Development Plan" released by the Indonesian government last year, Indonesia’s target achieves a per capita income of US $ 23,000 before 2045, entering the developed national queue, and plans to increase the contribution of manufacturing to GDP.20%increased to 28%.Jaipur Stock

Source: CEIC, World Bank, IMF, Haitong

2. Indonesia’s main technology industry -cars

Southeast Asia’s second largest automobile manufacturing base, mineral resources advantage empower the electric vehicle industry chain

In 2022, Indonesia produced 1.47 million vehicles, second only to Thailand in Southeast Asia.Indonesia’s automotive industry mainly comes from Japanese and Korean brands. Since the 1970s, the Indonesian government has followed Thailand’s investment promotion policies and introduced overseas car brands through land and tax discounts to set up vehicle manufacturers and component factories in Indonesia.Indonesian car brands with production lines include Toyota, Honda, BMW, Hyundai, Volkswagen, etc.

Of course, the Indonesian government does not completely copy the industrial development model of Thailand, but has formulated differentiated industrial policies. On the one hand, the market demand determined by the large local population base to encourage the development of the two -wheeled vehicle manufacturing industry.The rich local mineral advantages, especially the nickel metal reserves that exceed 50%of the global total, are an important foundation for Indonesia to develop automotive upstream components and lithium battery supply chain.In the field of electric vehicles, the Indonesian government introduced a series of encouraging policies, including sales tax reduction and charging facilities construction subsidies. In 2035, the national output of electric vehicles exceeded 1 million.

Source: Indonesian Automobile Industry Association

$ Southeast Asia Technology ETF (SH513730) $ $ Hang Seng Technology ETF (SH513130) $ $ Asia Pacific Selection ETF (SZ159687) $

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