#economy

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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Renewables set to smash FDI record in 2022

GTDW FDI Trade & Supply Chain Digitalisation News

3 days ago
1 min

Renewables set to smash FDI record in 2022

Megaprojects in hydrogen and offshore wind are behind another boom year for the sector Foreign investors announced 327 projects in renewable energy between January and July, which is in line with the average recorded in the previous three years, according to fDi Markets figures. However, those 327 projects mobilised as much as $132.2bn in committed capital expenditure, which is already higher than full-year figures in 2021 and 2020, and slightly short of the $138.3bn announce

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Singapore overtakes Hong Kong as Asia's top financial centre; 3rd in world

GTDW FDI Trade & Supply Chain Digitalisation News

4 days ago
1 min

Singapore overtakes Hong Kong as Asia's top financial centre; 3rd in world

Singapore has overtaken Hong Kong to become Asia's top financial centre - and the third in the world after moving up three places - according to a new report that puts New York and London in the first and second spots. Hong Kong slipped to fourth place, battered by strict Covid-19 restrictions and an exodus of talent, while San Francisco moved up two spots to round out the Global Financial Centres Index's (GFCI) top five. Hong Kong is struggling to revive its role as a global

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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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2023 Foreign Investment Opportunities in Thailand

GTDW FDI Trade & Supply Chain Digitalisation News

Sep 23
1 min

2023 Foreign Investment Opportunities in Thailand

Thailand has been a consistent recipient of Chinese investment for some time, and its geostrategic position as the heart of the ASEAN free trade bloc, with free trade access also to China and India, has made it a hub for many Chinese investors. This has manifested itself primarily in the drive to digital economies and is building Thailand up both as a connectivity hub, and as a key node for Asia in new tech. Plenty of money is being both raised and made via Chinese investment

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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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How important is an anchor tenant to attracting further FDI to a location?

GTDW FDI Trade & Supply Chain Digitalisation News

Sep 16
1 min

How important is an anchor tenant to attracting further FDI to a location?

Why are anchor tenants considered so important for attracting FDI? And is there a downside to bringing in this kind of big business? Securing the right anchor tenant can be hugely lucrative for a country or region’s economy. It not only generates significant capital investment and job creation, it can also attract a host of new companies drawn in by any initial success. Anchor tenants can strengthen regional supply chains and, as they rarely relocate, offer a strong sense of

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Mckinsey Survey Indicates Global Supply Chains On The Move

GTDW FDI Trade & Supply Chain Digitalisation News

Sep 14
1 min

Mckinsey Survey Indicates Global Supply Chains On The Move

The third and most recent Mckinsey & Co survey shows that companies have made significant progress on measures that have been on their agenda since the start of the covid crisis, and that work has helped them weather supply chain challenges such as geopolitical disruption and the worldwide shortage of semiconductors. For example, over the past year, many companies have made structural changes to their supply networks by implementing dual or multiple sourcing strategies for cr

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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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ADB Report: Key Indicators for Asia and the Pacific 2022

GTDW FDI Trade & Supply Chain Digitalisation News

Sep 9
1 min

ADB Report: Key Indicators for Asia and the Pacific 2022

This publication provides updated statistics on a comprehensive set of economic, financial, social, and environmental measures as well as select indicators for the Sustainable Development Goals (SDGs). The report covers the 49 regional members of ADB. It discusses trends in development progress and the challenges to achieving inclusive and sustainable economic growth across Asia and the Pacific. This 53rd edition looks at how most economies in the region have bounced back to

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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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Future GVC transformation and the investment landscape: Ten directions

GTDW FDI Trade & Supply Chain Digitalisation News

Sep 8
1 min

Future GVC transformation and the investment landscape: Ten directions

James Zhan, head of investment and enterprise at UNCTAD, outlines ten broad trends that will play out in the coming decade as global value chains are reconfigured. The decade to 2030 is likely to prove a period of transformation for global value chains (GVCs), which will have significant implications for the global trade and investment landscape and multinational enterprises’ (MNEs) modes of operation. The change will be driven by five major forces: economic governance realig

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GTDW FDI Trade & Supply Chain Digitalisation News

Sep 7
1 min

China FDI falls to new low

Greenfield foreign direct investment (FDI) into China has fallen to a new record low in the first half of 2022 amid geopolitical tensions, draconian zero-Covid measures and the country’s structural transition to an economy driven by domestic demand. Foreign investors in China have announced 110 projects worth $6.2bn in the first six months of the year, which stands at about half the level of investment recorded in the first half of 2021 and 2020, both in terms of project numb

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