#asean

GTDW FDI Trade & Supply Chain Digitalisation News

2 days ago
2 min

Vietnam Fights For Foreign Investors

Foreign direct investment in Vietnam continues to increase, rising from US$11.57 billion in July to US$12.8 billion in August 2022, signalling the country’s recovery from COVID-19. The growth is partly due to Hanoi’s consistent efforts to provide a safe and welcoming environment for foreign business through Special Economic Zones (SEZs) — ensuring companies have access to a local workforce in favourable conditions. There is a new impetus to invest in Vietnam due to the disrup

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South Korea Ratifies Cambodia Trade Deal

GTDW FDI Trade & Supply Chain Digitalisation News

2 days ago
1 min

South Korea Ratifies Cambodia Trade Deal

The South Korean National Assembly on September 27 ratified the Cambodia-Korea Free Trade Agreement (CKFTA), fuelling hopes for an export boom to Asia’s fourth largest economy. The CKFTA is to become effective 60 days after both sides have completed their internal procedures and deposited their respective instrument of ratification (IoR), a document by which a country formally agrees to be bound by a treaty. After the Cambodia-China Free Trade Agreement (CCFTA), the CKFTA is

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Chinese Carmakers Pour Into ASEAN - One Of The Next EV Global Growth Markets

GTDW FDI Trade & Supply Chain Digitalisation News

3 days ago
2 min

Chinese Carmakers Pour Into ASEAN - One Of The Next EV Global Growth Markets

An intense competitive battle is starting to take shape in Southeast Asia's electric vehicle (EV) market between incumbent Japanese automakers and new entrants from China, Korea, and domestic players in the region. With a population of about 675 million, this is a prize worth fighting over. Annual passenger vehicle sales in the region are expected to more than double by 2040 to about five million as the population and these economies grow. Today, affordable cars from Japanese

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High-Tech FDI Drives Vietnam’s Economic Evolution

GTDW FDI Trade & Supply Chain Digitalisation News

5 days ago
2 min

High-Tech FDI Drives Vietnam’s Economic Evolution

High-tech foreign investments will continue to propel Vietnam’s economic growth for years to come, Michael Kokalari, chief economist at investment fund VinaCapital, has said. Vietnam’s economic growth has been accelerating this year, and so the World Bank (WB), International Monetary Fund (IMF) and others have sharply revised up their GDP growth forecasts for the country, with an increasing number of economists now expecting it to exceed 8% this year. This has prompted invest

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GTDW FDI Trade & Supply Chain Digitalisation News

5 days ago
2 min

ADB: For First Time In 30 Years, Asia’s Developing Economies Set To Grow Faster Than China’s

In a press briefing this week, Asian Development Bank Chief Economist Albert Park dropped something of a geopolitical bombshell: China is growing slower than Asia’s developing economies for the first time in more than three decades. - Asian Development Bank now sees growth among emerging Asian economies of 4.3% in 2022 and 4.9% in 2023. - ADB expects the rest of developing Asia excluding China to grow by 5.3% in both 2022 and 2023, while it now expects China to grow by 3.3% i

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GTDW FDI Trade & Supply Chain Digitalisation News

6 days ago
1 min

Top Total Foreign Trade Countries in ASEAN

The total amount of foreign trade is also called the value of foreign trade, which is expressed in amount. The import and export quantity of a country or region in a certain period of time is an important economic indicator to measure the foreign trade status of a country or region. ASEAN countries are highly dependent on foreign trade, and most countries' foreign trade in goods accounts for more than half of GDP. China, the United States, the European Union, Japan and South

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ADB: Greater ASEAN-China Economic Cooperation Further Promotes Peace, Stability in Region

GTDW FDI Trade & Supply Chain Digitalisation News

Sep 22
1 min

ADB: Greater ASEAN-China Economic Cooperation Further Promotes Peace, Stability in Region

ASEAN-China economic cooperation will further promote peace, stability in the Asia-Pacific region, and provide a buffer for the region to withstand possible global shocks in the future. China is an important trade partner of the Association of Southeast Asian Nations (ASEAN), and greater ASEAN-China economic cooperation could further promote peace and stability in region, Asian Development Bank (ADB) country director for Cambodia Jyotsana Varma said Wednesday. As the global e

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ASEAN Investment Report 2022 - UNCTAD & ASEAN Secretariat

GTDW FDI Trade & Supply Chain Digitalisation News

Sep 21
2 min

ASEAN Investment Report 2022 - UNCTAD & ASEAN Secretariat

ASEAN recorded a robust rebound in Foreign Direct Investment (FDI) inflows, surging by 42 percent to reach US$ 174 billion in 2021. This increase to near pre-pandemic levels reverses the decline in 2020 caused by the COVID-19 outbreak and reflects the attractiveness of the region’s economy for global investors. With a large market and strong regional integration, ASEAN remains a major FDI destination in the developing world – second only to China – and will play an important

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EU-ASEAN BUSINESS COUNCIL PUBLISHES LATEST SURVEY OF EUROPEAN BUSINESS PERCEPTIONS IN ASEAN

GTDW FDI Trade & Supply Chain Digitalisation News

Sep 20
3 min

EU-ASEAN BUSINESS COUNCIL PUBLISHES LATEST SURVEY OF EUROPEAN BUSINESS PERCEPTIONS IN ASEAN

On the development of trade deals between the EU and ASEAN, Chris Humphrey said: “Our respondents this year are sending a clear signal to both the EU and ASEAN: they want more trade deals, and they want them now.” The EU-ASEAN Business Council, the primary business body for European businesses in ASEAN, today published its 8th Business Sentiment Survey during the Council’s Trade and Investment Mission to Indonesia. Key highlights of this year’s survey include: 63% of responde

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GTDW FDI Trade & Supply Chain Digitalisation News

Sep 19
1 min

Resource - Will World's Biggest Free Trade Deal (RCEP) Succeed? | World Economic Forum: Panel

On 1st January 2022, the Regional Comprehensive Economic Cooperation (RCEP) kicked off, making ASEAN plus China, Japan and South Korea home to the biggest free trade deal in the world. But will this agreement create more jobs and help fight inflation? Or will it struggle to even get off the ground? Hear from panelists including Muhammad Lutfi, Indonesia Trade Minister, and Tak Niinami, CEO of Suntory, in this panel from the World Economic Forum titled “The Biggest Trade Deal

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Report: SE Asia Leads Adoption Of New Tech - Steady Rise In FDI Is Testament To Investor' Confidence

GTDW FDI Trade & Supply Chain Digitalisation News

Sep 13
2 min

Report: SE Asia Leads Adoption Of New Tech - Steady Rise In FDI Is Testament To Investor' Confidence

Meta and Bain & Company report unveils key digital consumer insights as eCommerce outlook across the region remains positive and digital consumer population continues to grow! Southeast Asia’s long-term outlook remains robust with the region’s projected GDP growth from 2022 to 2023 forecast to outpace most other markets such as the US, the EU, and China. This is according to Bain & Company and Meta ’s annual SYNC Southeast Asia report which looks at the digital economy and th

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GTDW FDI Trade & Supply Chain Digitalisation News

Sep 12
1 min

ASEAN: Foreign Investment Boom

The world is setting its eyes on ASEAN as it emerges as one of the fastest-growing regions around the world. But can ASEAN truly live up to its potential? Let us know your thoughts in the comments! #trade #globaltrade #fdi #investment #asean #asia #economy #economicdevelopment

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AMRO - Thailand: Firming Recovery but Risks and Structural Challenges Remain

GTDW FDI Trade & Supply Chain Digitalisation News

Sep 8
1 min

AMRO - Thailand: Firming Recovery but Risks and Structural Challenges Remain

Thailand’s recovery is gaining momentum on the back of strengthening domestic demand and a stronger rebound in tourist arrivals. However, concerns over the slowing global economy, prolonged supply-chain disruptions and high inflation weigh on its prospects. As fiscal and monetary policy support are gradually withdrawn, policymakers will need to prioritize its post-pandemic recovery efforts and deal with the long-term challenges posed by the economic scars, rapidly aging popul

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How Inflation is Distorting Global Trade Flows

GTDW FDI Trade & Supply Chain Digitalisation News

Sep 5
2 min

How Inflation is Distorting Global Trade Flows

China reported robust trade flows for July 2022. Overall, shipments from the world’s second-largest economy and top exporter rose 18% year on year to $333 billion. That was the fastest pace of the year, and beat analysts’ predictions of around 15%, but it’s largely due to rising prices for commodities from coal to soybeans, according to an analysis by Trade Data Monitor, the world’s premier source of trade statistics. That is sure to heave repercussions throughout the global

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Need A Partner For Export Development In Asia?

GTDW FDI Trade & Supply Chain Digitalisation News

Aug 23
1 min

Need A Partner For Export Development In Asia?

Annually our team supports 100+ governments & companies on export and economic development programs across the Asia Pacific region, facilitating export and market access. Our export development programs are led by regional experts and include; Market Access Reports & Advisory Sector Analysis & Market Advisory Listing of Prospective Distributors, Partners & Investors Outreach and Facilitating Meetings With Prospective Distributors, Partners & Investors Company In-market Repres

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Cambodia: Resilient Growth Backed by Strong Fiscal Stimulus and High Vaccination Rates

GTDW FDI Trade & Supply Chain Digitalisation News

Aug 22
2 min

Cambodia: Resilient Growth Backed by Strong Fiscal Stimulus and High Vaccination Rates

The early lifting of COVID-19 restrictions boosted domestic activity while strong external demand supported its recovery in the first half of 2022. As the economy recovers and COVID-19 becomes endemic, it will be vital to refocus policy toward structural reforms that will help improve the long-term growth potential of the economy. This preliminary assessment was made by the ASEAN+3 Macroeconomic Research Office (AMRO) after its Annual Consultation Visit to Cambodia from July

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Apple suppliers to make Apple Watch and MacBook in Vietnam

GTDW FDI Trade & Supply Chain Digitalisation News

Aug 19
1 min

Apple suppliers to make Apple Watch and MacBook in Vietnam

Apple Inc's suppliers are in talks to produce Apple Watch and MacBook in Vietnam for the first time, Nikkei Asia reported on Tuesday, citing people familiar with the matter. Apple's Chinese supplier Luxshare Precision Industry and Taiwan-based Foxconn have started test production of Apple Watch in northern Vietnam, the report added. Apple has asked suppliers to set up a test production line in Vietnam for the MacBook, the report said, adding that progress in moving mass produ

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A future-proof and forward-looking ASEAN economic community: Jakarta Post contributor

GTDW FDI Trade & Supply Chain Digitalisation News

Aug 11
2 min

A future-proof and forward-looking ASEAN economic community: Jakarta Post contributor

The writer says ensuring the right balance between economic growth and sustainability is key for ASEAN. As we celebrate the anniversary of the founding of Asean, it is worth reflecting on the extraordinary journey the association has embarked on over the past 55 years. The transformation of South-east Asia has been nothing short of remarkable. The founding of Asean in 1967 ushered in tremendous growth and prosperity brought through the collective pursuit of trade liberalisati

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Vietnam Trade Recovers from Covid in 1st Half of 2022.

GTDW FDI Trade & Supply Chain Digitalisation News

Aug 4
1 min

Vietnam Trade Recovers from Covid in 1st Half of 2022.

After undergoing one of the toughest Covid-19 lockdowns in the world during 2021, Vietnam’s economy appears to be headed toward a full recovery, according to an analysis of first-half 2022 imports and exports by Trade Data Monitor, the world’s premier source of trade statistics. Vietnamese imports increased 15.5% year-on-year to $185.3 billion during the first six months of 2022. Meanwhile, exports rose 17.3% to $186 billion, preserving Vietnam’s slight trade surplus. To boot

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Massive RCEP trade deal fails in areas where smaller bilateral pacts in Asia-Pacific shine

GTDW FDI Trade & Supply Chain Digitalisation News

Aug 3
2 min

Massive RCEP trade deal fails in areas where smaller bilateral pacts in Asia-Pacific shine

- Over a half year into the Regional Comprehensive Economic Partnership, trade experts say world’s biggest trade pact serves more to ‘tidy up’ one-to-one agreements - Bilateral free-trade deal between China and Cambodia is said to be a prime example of how bilateral deals can trump the benefits of RCEP Seven months after the world’s largest free-trade agreement (FTA) took effect, its critics say that member nations would be better off if they also signed separate bilateral tr

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