Indonesian Ministry of Foreign Affairs and BNI Encourage Collaboration for State-Owned Enterprises to Go Global on Indonesia Incorporated Day
Bali, INDONESIA (DT) – The Ministry of Foreign Affairs of Indonesia, along with the Ministry of State-Owned Enterprises and PT Bank Negara Indonesia Tbk (Persero), organized Indonesia Incorporated Day in Nusa Dua, Bali (27/1). Under the theme “Collaborating Towards State-Owned Enterprises To Go Global,” the event aims to foster collaboration among the government, state-owned enterprises (BUMN), private sector, and micro, small, and medium enterprises (UMKM) to realise the vision of Indonesia Going Global.
The meeting was attended by 11 state-owned enterprises from strategic sectors, 5 private companies, and the Indonesia Eximbank. The event was opened by the Vice Minister of Foreign Affairs of Indonesia, Pahala Mansury, and the Secretary of the Ministry of State-Owned Enterprises, Rabin Inrajad Hattari.
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In his remarks, Vice Minister Mansury emphasised the importance of cooperation among all stakeholders to achieve the vision of Indonesia Going Global. It is hoped that Indonesia Incorporated Day can produce a joint action plan to achieve concrete deliverables. “The action plan resulting from Indonesia Going Global activities must be actionable, time-bound, and followed-up,” said Vice Minister Mansury.
Vice Minister Pahala outlined current geopolitical trends that should be a collective concern. Policies of de-risking and friendshoring, the competition between the United States and the People’s Republic of China, disruptions in trade routes, and the climate change crisis have a significant impact on the volatility of global economic growth. Moreover, the increasingly multi-polar world opens opportunities for Indonesia and other developing countries (Global South) to advocate for economic interests, including promoting downstream industries.
In response to these dynamics, the Indonesian Ministry of Foreign Affairs is in the process of formulating the Grand Design of Economic Diplomacy (GDDE) to support Indonesia’s economic transformation to achieve developed country status by 2045.
Efforts towards global economic integration, market access expansion, and the involvement of state-owned enterprises and the private sector are crucial factors in the Indonesia Going Global initiative.
The implementation of GDDE is expected to realise national energy, food, and health security, as well as secure critical mineral needs.
According to the Ministry of State-Owned Enterprises, the Deputy Minister emphasised the importance of strengthening the narrative to compete on the international trade map. “Stories matter. What we tell to our audiences matters. Therefore, the Ministry of State-Owned Enterprises is ready to contribute to strengthening Indonesia’s branding narrative,” said the Deputy Minister.
According to the President Director of BNI, Royke Tumilaar, Indonesia Incorporated Day marks a crucial moment in Indonesia’s global aspirations.
BNI is ready to support collaborative efforts between the Ministry of State-Owned Enterprises, the Ministry of Foreign Affairs, and other relevant institutions.
One manifestation of BNI’s commitment is by offering the Global Diaspora Banking Solution and fully leading the development of private business and Indonesian SMEs abroad, as explained by the Director of Wholesale & International Banking, Silvano Rumantir.
All participants in the event presented strategies, priorities, challenges, and proposals for strengthening economic diplomacy cooperation. This activity also resulted in an Action Plan document that identifies opportunities and challenges, as well as priority projects for state-owned enterprises that can be pursued in potential countries.
The Indonesian Ministry of Foreign Affairs and BNI are spearheading efforts to foster collaboration among state-owned enterprises (SOEs) to expand their global presence on Indonesia Incorporated Day.
This initiative aims to strengthen Indonesia’s economic footprint on the global stage and promote the competitiveness of its SOEs in international markets.
Ministry’s diplomatic networks to facilitate global partnerships and market access for these enterprises.