#manufacturing

GTDW FDI Trade & Supply Chain Digitalisation News

5 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

5 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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High-Tech FDI Drives Vietnam’s Economic Evolution

GTDW FDI Trade & Supply Chain Digitalisation News

Sep 27
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

Sep 26
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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How to work around supply chain disruption

GTDW FDI Trade & Supply Chain Digitalisation News

Sep 20
1 min

How to work around supply chain disruption

Supply chain disruption is the new normal, meaning companies now face the painful task of reconfiguration. A report from GlobalData’s Thematic Intelligence Team outlines possible solutions. The era of the easy, frictionless supply chain is over. Up until 2020, supply chains were incredibly resilient and efficient. Everything was delivered seamlessly, on time and at a low cost – to the benefit of companies and consumers. As such, few people were focused on them. According to G

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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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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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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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2023 Investment Opportunities in Malaysia

GTDW FDI Trade & Supply Chain Digitalisation News

Aug 16
1 min

2023 Investment Opportunities in Malaysia

China remains Malaysia’s largest foreign investor in the manufacturing sector and has been since 2016, in addition to being Malaysia’s largest trading partner since 2009. China accounted for 18.6% of Malaysia’s total trade in 2020, while Malaysian exports to China recorded a new high in 2020, expanding by 11.1 percent to US$37.77 billion. Bilateral trade reached US$176.8 billion in 2021. Renowned Chinese companies Huawei Technologies Co Ltd, Longi Solar Technology Co Ltd, Jin

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GTDW FDI Trade & Supply Chain Digitalisation News

Aug 9
1 min

The Trade War Within China

Local protectionism is pernicious and persistent Although many are embarrassed to admit it, foreign correspondents learn a lot from taxi drivers. In China economic correspondents can also learn a lot from the taxis themselves. Most cabs in Beijing are Hyundai Elantras. In Shanghai they are often the Volkswagen Touran or Passat. And in Wuhan they are commonly Citroën Elysées. In each case, the explanation is the same. These foreign brands have joint ventures with local state-o

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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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Amid Industrial Headwinds, China Records First Ever Auto Trade Surplus

GTDW FDI Trade & Supply Chain Digitalisation News

Aug 2
3 min

Amid Industrial Headwinds, China Records First Ever Auto Trade Surplus

As the global economy recovers fully from the Covid-19 pandemic, the Chinese industrial sector appears to be facing headwinds, according to an analysis by Trade Data Monitor, the world’s premier source of trade statistics. China’s exports grew by 17.9% year-on-year to $331.3 billion, beating analyst expectations. Imports, however, increased by only 1% in June from a year earlier to $233.3 billion, below predictions of around 3%, and suggesting that Chinese factories are cutti

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Samsung SDI breaks ground for RM5.8b battery factory in Malaysia

GTDW FDI Trade & Supply Chain Digitalisation News

Jul 22
1 min

Samsung SDI breaks ground for RM5.8b battery factory in Malaysia

Samsung SDI Co Ltd said the South Korean company on Thursday (July 21) held a ceremony to mark the groundbreaking for its 1.7 trillion won (about RM5.8 billion) second cylindrical battery production facility (Plant 2) in Seremban, Negeri Sembilan to meet the rising demand for cylindrical batteries, which will be used in applications including electrical tools and electric vehicles (EVs). "Company held a ground-breaking ceremony of Plant 2 in Malaysia on July 21 with a plan to

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Tech Factories Latest To Leave China For SE Asia

GTDW FDI Trade & Supply Chain Digitalisation News

Jul 18
1 min

Tech Factories Latest To Leave China For SE Asia

A decade-long shift of labor-intensive manufacturers from China to Southeast Asian countries has been accelerated by the strict lockdown measures in Chinese cities between March and May, according to evidence cited by many analysts and various news reports. The latest manufacturers to succumb to the temptation to lower their wage and other costs by moving are primarily from the tech sector, which had not been strongly affected earlier when garment makers and other lower-end m

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Thailand Plans $37 Billion Smart City to Support Industrial Hub

GTDW FDI Trade & Supply Chain Digitalisation News

Jul 15
1 min

Thailand Plans $37 Billion Smart City to Support Industrial Hub

Thailand is planning to build a $37 billion smart city in an industrial hub near Bangkok that’s already drawn billions of dollars of investment pledges from global automotive, robotics, healthcare and logistics companies. A master-plan to build the city in Huai Yai subdistrict of Chonburi province, some 160 kilometers (99 miles) southeast of Bangkok, was approved by a panel chaired by Prime Minister Prayuth Chan-Ocha on Monday. The yet-to-be-named city will be spread over 14,

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FDI: Indonesia And Malaysia Emerge As Top Contenders For Investment In Asia

GTDW FDI Trade & Supply Chain Digitalisation News

Jul 14
1 min

FDI: Indonesia And Malaysia Emerge As Top Contenders For Investment In Asia

Southeast Asia is "relatively insulated" from rising geopolitical tensions Investors are starting to take a second look at Asian countries for investment, with Indonesia and Malaysia emerging as among the most appealing in the region. The countries constantly figure on global investment banks' top picks for foreign investment targets globally or just in Asia, along with list staples Singapore, Hong Kong, China, and India. Both situated in Southeast Asia, the countries played

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How emerging markets can prepare for shifts and shocks affecting global production and trade

GTDW FDI Trade & Supply Chain Digitalisation News

Jul 4
1 min

How emerging markets can prepare for shifts and shocks affecting global production and trade

Global production and trade patterns have altered hugely in the past five years, but emerging markets can make this work to their advantage, writes David Tennant of the University of the West Indies, Investment Monitor How can emerging market businesses position themselves to exploit profit-making opportunities? The resilience of GVCs is now paramount, with significant focus being placed on geographical diversification of production sites and suppliers. Companies in the US an

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Are Asian Consumers Rescuing Chinese Exports?

GTDW FDI Trade & Supply Chain Digitalisation News

Jun 24
3 min

Are Asian Consumers Rescuing Chinese Exports?

The latest trade insights from John W Miller, Chief Economic Analyst, Trade Data Monitor; Chinese exports recovered in May, boosted by a tapering off of antivirus restrictions and higher prices in the U.S. and Europe. Overall, Chinese exports rose 16.9% year-on-year to $308.3 billion, after increasing only 3.9% in April. Monthly imports increased 4.1% to $229.5 billion, over the 0.0% figure for April. The performance beat analysts’ expectations for May. With the Covid restric

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GLOBAL GIGAFACTORY PIPELINE HITS 300; CHINA DOMINATES BUT THE WEST GATHERS PACE

GTDW FDI Trade & Supply Chain Digitalisation News

May 27
2 min

GLOBAL GIGAFACTORY PIPELINE HITS 300; CHINA DOMINATES BUT THE WEST GATHERS PACE

The number of gigafactories in the pipeline has surpassed 300 as the global rush to develop lithium ion battery production capacity continues. There is now 6,387.6 gigawatt hours (GWh) of lithium ion battery capacity in the pipeline as assessed in Benchmark’s May 2022 Gigafactory Assessment, a 68% year-on-year increase. China continues to dominate gigafactory announcements, but North America and Europe have seen significant growth over the past two years thanks in part to aut

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