Investing in southeast asia

Vietnam is expected to see a new foreign direct investment (FDI) wave as more foreign companies plan to move investment into the country. The US-China trade has triggered the trend of shifting production lines from China to Southeast Asia and other markets, including Vietnam which was seen as a promising destination. Meanwhile, many countries are fighting against the Covid-19 pandemic while Vietnam has basically controlled the disease, while maintaining its economic growth momentum. Pegatron, Amazon and Home Depot have started recruiting and seeking to open new supply chains with Vietnam being among potential markets.Other US giants like Google and Microsoft have announced their plans to relocate their production facilities of new phones, personal computers and some other devices from China to Southeast Asia with factories in Vietnam and Thailand expected to be the beneficiaries, the Nikkei Asian Review reported.Microsoft is scheduled to start producing its Surface line, including … [Read more...] about More giant foreign firms plan to shift investment into Vietnam

Last but not least, ASEAN leaders need to offer a co-ordinated and synchronised fiscal stimulation plan, substantially bigger than what the 10 countries have already announced in an uncoordinated way, making them less impactful. Stimulus measures can be an opportunity to invest in economic transformation and technological innovations that are necessary to deliver sustainable development. Both the short term and long-term stimulus measures should aim at achieving the multiple purposes of delivering economic prosperity, widening wellbeing, enhancing resilience, strengthening circular economy, and decarbonising growth. … [Read more...] about From containment to recovery: rescuing the ASEAN from crisis

On account of the registration fee cut, however, many dealers say that the Honda CR-V will lose many of its advantages and even have to join a price war with domestically assembled vehicles. CR-V vehicles are now priced between VND983 million ($42,700) and VND1.1 billion ($47,500), and customers in Hanoi have to pay VND118-131 million ($5,100-5,700) registration fee, while customers only need to pay about VND60 million ($2,600) for a locally built rival Mazda CX-5 or a Hyundai, as registration fees have been cut by 50 per cent for domestically-produced cars. This shows that the future of Honda CR-V in Vietnam is uncertain as price is still a determining factor in sales in the market. … [Read more...] about BUSINESS NEWS HEADLINES MAY 30

Within the framework of the project, BIMEDTECH manufactured three pilot lots of 1,000 chipsets each under close cooperation and quality testing of leading units in the diagnosis and treatment of blood, lung and heart disease, such as the National Institute of Hematology and Blood Transfusion and the National Lung Hospital. BIMEDTECH will pilot the production of 30,000 chipsets for diagnosis and screening of congenital hemolytic, 10,000 chipsets for identification of 17 atypical tuberculosis strains and 10,000 Clopidogrel-resistant diagnostic chipsets. … [Read more...] about Vietnamese firm pioneers manufacture of diagnostic biochips

Sabeco's former chairman Vo Thanh Ha (right) signs a deal to sell a 54-percent stake in the Vietnamese brewer to Thai Bev in this file photo taken on December 18, 2017. Photo: Tran Vu Nghi / Tuoi Tre This is the third time since 2018 that Thai Bev has made such an announcement to refute similar claims, after it had successfully bought a majority stake worth US$4.84 billion in Sabeco from the Vietnamese Ministry of Industry and Trade in December 2017. … [Read more...] about Thai Bev denies rumors about plan to sell stake in Vietnam’s Sabeco