Although Prime Minister Prayut Chan-o-cha announced Thailand’s commitment to the United Nations Guiding Principles on Business and Human Rights (UNGPs) in 2017, outbound investment remains a largely unregulated sector.Thai firms are significant investors in ASEAN countries, and Thailand’s foreign direct investment (FDI) in the region stood at US$2.37 billion in 2017 – behind only Singapore (US$18.75 billion) and Malaysia (US$3.99 billion). Thai companies also have a vast reach.
Offering investment opportunities in everything from zippers to bullet trains, Vietnam has long been recognised as a hub for foreign direct investment (FDI) – and a recent report has just confirmed that.The United States (US) News and World Report last month ranked Vietnam eighth in a list of 29 best economies to invest in, and the next closest ASEAN countries on the list were Malaysia (13th), Singapore (14th) and Indonesia (18th).
While the Lao PDR government recently called for increased investment in agriculture to boost its export market, there are several issues that have to be tackled before foreign investors come knocking.Speaking to local media earlier this week, Deputy Minister of Agriculture and Forestry, Dr Bounkhuang Khambounheuang, said Cuba and Indonesia expressed interest in importing 100,000 and one million tons of rice respectively, with Vietnam seeking to purchase 500,000 head of livestock.The country,
While Vietnam’s economy is expected to become bigger than Singapore’s in the next decade based on both countries’ current rate of growth, there are several challenges that lie ahead for ASEAN’s rising star.In a report published by Singapore-based DBS Bank on Tuesday, senior economist Irvin Seah predicted that Vietnam’s gross domestic product (GDP) will surpass that of Singapore’s by 2029 if Vietnam maintains its annual growth rate of about six to 6.5 percent and Singapore continues to grow at
2018 was a great year for Vietnam’s economy.The country’s business environment grew tremendously at the start of the year with over 26,000 new enterprises established. In addition to that, the government there highlighted that foreign direct investment (FDI) disbursement reached over US$3.8 billion in the first three months of the year, up 7.2 percent from 2017.
While much of the world’s attention is focused on the economic damage being wrought by United States (US) President Donald Trump’s trade wars, global trade’s twin – foreign direct investment (FDI) – has largely been neglected.