Thanks to effective measures taken to contain the Covid-19 pandemic, Vietnam’s gross domestic product (GDP) grew by 2.9% in 2020, one of the highest growth rates globally. Looking forward, Vietnam is forecasted to grow by 6.7% in 2021 and 7.0% in 2022,...
According to Thailand’s Board of Investment (BOI), the number of applications to invest in Thailand increased to 401 applications in the first quarter of 2021, up by 14% from 351 applications in the same quarter of the previous year. The investment value in the...
The top investor in the Philippine Economic Zone Authority (PEZA) in 2021 is Japan, whose total accumulated investments from 1995 up to the present is now at PHP 716.22 billion (USD 14.98 billion) or accounting for 27% of the total PHP 2.63 trillion investments...
On 26 April 2021, commemorating World Intellectual Property Day, Singapore unveiled the Singapore Intellectual Property Strategy 2030 (SIPS 2030). The 10-year blueprint aims to strengthen Singapore’s position as a global intangible asset (IA) and intellectual...
Malaysian Ministry of International Trade and Industry (MITI) has announced a committed investment amounting to MYR 8.9 billion (USD 2.1 billion) for high-tech industrial segments from large South Korean and Japanese manufacturers, as an outcome of MITI’s trade and...
The United Kingdom (UK) and Indonesia have signed an MoU to establish the Joint Economic and Trade Committee (JETCO). The new committee will help promote trade, investment, and economic cooperation ties between the two countries. As a fellow member of the G20 and the...
The United Arab Emirates (UAE) and Singapore have reaffirmed their strong bilateral economic ties and will be looking into further collaboration in areas including technology, innovation, artificial intelligence (AI), space technologies, and public sector partnerships...
According to the Wall Street Journal, the US is accounting for a growing share of Vietnam’s exports, estimated at 29% of the Asian country’s total exports as of January 2021. This is a significant increase from the 20% recorded one year earlier. The...
Indonesia is moving forward with its first trade agreement with European countries, namely Iceland, Norway, Liechtenstein, and Switzerland, as the Indonesian Parliament has agreed to ratify the Indonesia – European Free Trade Association (EFTA) Comprehensive Economic...
Malaysia International Trade and Industry Ministry (MITI) Deputy Secretary-General (Industry) Datuk Seri Norazman Ayob stated that the country is planning to ratify the Regional Comprehensive Economic Partnership (RCEP) agreement by the end of 2021 or the first...
The Philippines’ Department of Information and Communications Technology (DICT) and the Anti-Red Tape Authority (ARTA) are aiming to upgrade its digital infrastructure by improving its e-governance and e-services, streamline and speed up government process to...
Following the ratification of the Regional Comprehensive Economic Partnership (RCEP), Thailand set up its RCEP Center to facilitate trade and economic expansion. As the world’s biggest free trade deal to date, the RCEP groups the ten members of the Association...
