Vietnam Foreign Investment Update: October 2023

This is the first edition of Access Asia Group’s monthly foreign investment bulletin for Vietnam. We aim to provide a monthly recap of pertinent news, updates and insights to share with our clients and other interested readers as the country ushers in a new period of investment and development following the prolonged Covid-19 pandemic. Consistently among the top performing economies in the world, Vietnam is currently seeing a notable increase of investment from multinational companies diversifying their supply chains outside of China, including tech giants Apple, Intel and Samsung. Meanwhile, strong domestic consumption and a resurgence of the tourism and […]

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SEZs in ASEAN: Opportunities for US Investors

As multinationals look to diversify their supply chains and manufacturing facilities out of China, foreign investment in ASEAN is expected to accelerate. The industrial real estate sector should see strong growth across the region, particularly in Vietnam, where the supply of ready-built factories and warehouses is expected to increase by over 25 percent this year.

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Indonesia Economic Update

Indonesia confirmed its first Covid-19 case on March 2 and now has the highest fatality toll from the disease in Southeast Asia – and second only to China in Asia – meaning the country now faces its biggest political and economic challenge since the 1997 Asian Financial Crisis.

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Taiwan: Risk Update

Taiwan’s advantages as a place to do business are manifold: it’s strategically located within easy reach of China, Japan, South Korea, Hong Kong, Thailand, Vietnam, Cambodia and Malaysia. It has a massive industrial base – Taiwan is the world’s fourth largest electronics producer – with significant research and development (R&D) supported by public spending. It also has a highly educated and skilled workforce.

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Cambodia: Risk Update

By most measurements, the Cambodian economy is healthy. The Asian Development Bank forecasts economic growth of 7% in 2019 and 6.8% for 2020, while the World Bank considers economic growth to be “better than expected” because of increasing exports, growing internal demand, and consistency in foreign investment. But structural problems persist. Cambodia is repeatedly ranked as one of the worst countries in Southeast Asia for corruption. Money laundering remains rife, especially in the gaming and property sectors. The global money-laundering watchdog Financial Action Task Force (FAFT) put Cambodia on its list of countries “highly vulnerable to money laundering” in February. Meanwhile, almost all international financial institutions recommend faster diversification away from low-cost, low-skilled manufacturing, and for Cambodia to carve a niche in high-skilled assembly before others nations in Southeast Asia, namely Thailand and Vietnam, dominate certain industries.

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