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McKinsey Sees Room for ASEAN Improvement and Future Growth

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In its recent report on achieving sustained economic growth in Southeast Asia, the global management consulting firm, McKinsey, highlighted key areas for improvement in ASEAN, particularly the need to improve labor productivity, which still remains low.

Economic Growth Puts Vietnam on Track to Become Largest ASEAN Supplier to the U.S.

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The American Chamber of Commerce (AmCham) predicts that Vietnam will become the largest ASEAN supplier to the United States by the end of 2014 – with a net export value of around US$29.4 billion. This would be a historical achievement for a nation surrounded by supply giants. In fact, Vietnam is likely to become the wealthiest Southeast Asian country in terms of trade. Additional statistics indicate that bilateral trade with the United States will surge to US$57 billion by 2020, cementing Vietnam’s prominence as a valuable hub for foreign investment and trade.

EU-Singapore Finalize Free Trade Agreement

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The European Union (EU) and Singapore have finalized their negotiations on a free trade agreement (FTA). Singapore expects that exporters of electronics, pharmaceuticals, chemicals, and processed food products will especially benefit from the completion of the FTA.

Outlook on ASEAN Investment 2015

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Indonesia, Malaysia, and the Philippines are surging ahead of their regional neighbors, with FDI increases of 17, 19 and 20.4 percent, respectively, in 2013, according to Bank of America Merill Lynch. Meanwhile, Singapore continues to receive the lion’s share of total FDI in the region, which last year grew five percent to a net value of nearly US$64 billion. The city-state’s attraction for foreign investors derives not only from its often overlooked manufacturing base, but also as a channel for routing FDI into other locations in ASEAN.

ASEAN Briefing Wins the 2014 On The Edge Innovation Award

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ASEAN Briefing and its parent organisation Dezan Shira & Associates has won the 2014 On The Edge Innovation award at the annual Leading Edge Alliance Global Conference.

ASEAN Investment Horizons: Key Industries for AEC 2015 – New Issue of Asia Briefing Magazine

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In this issue of Asia Briefing, we forecast the effects of ASEAN Economic Community on foreign investment into the region in the lead up to 2015. Following this, we highlight what is happening in some of ASEAN’s hottest industries for investment, including electronics, information and communications technology, textiles and medical devices.

ASEAN’s Emerging Manufacturing Destinations: Indonesia

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ASEAN manufacturers can be divided into those that have invested in mid- and high-tech manufacturing and those which are concentrated in low- or no-tech assembly. In this article, we look at one of ASEAN’s key emerging manufacturing markets – Indonesia.

E-Commerce Retail Sales See Rapid Growth in ASEAN

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E-commerce is set to soar in Southeast Asia, as internet penetration in the region has reached a momentous turning point, according to a recent UBS report.

ASEAN-India Services and Investment FTA Inches Closer to Implementation

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The ASEAN-India Free Trade Agreement in Services and Investment is one step closer to implementation following approval by Thailand’s Ministry of Commerce to accept the terms outlined in the region-wide agreement.

ASEAN’s Leading Manufacturing Destinations

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ASEAN manufacturers can be divided into those that have invested in mid- and high-tech manufacturing and those which are concentrated in low- or no-tech assembly. In this article, we look at ASEAN’s leading manufacturing destinations, including Singapore, Malaysia and Thailand.

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