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ASEAN Seeks Further Foreign Investment

ASEAN Seeks Further Foreign Investment

by Teuvo Tuomi | Sep 18, 2024 | ASEAN, Business, Economy, Investment, News, Southeast Asia

ASEAN’s economic growth was 4.1% in 2023. This is expected to increase to 4.6% in 2024. Investment in ASEAN increased only by 0.3% from US$229 billion in 2022 to US$230 billion in 2023. Another important measure is that the value of trade in ASEAN products actually...
ASEAN Free Trade Spurs Rapid Growth

ASEAN Free Trade Spurs Rapid Growth

by Teuvo Tuomi | Sep 17, 2024 | ASEAN, Business, Economy, News, Southeast Asia, Trade

Trading among ASEAN countries has increased significantly since the ASEAN Free Trade Area was established in 1992. The value of inter-ASEAN trade reached US$759 billion in 2023, accounting for 21.5% of the total trade value by the member countries. Laos’ Minister of...
Rapidly Growing Hai Phong Keen to Collaborate with Finnish Businesses

Rapidly Growing Hai Phong Keen to Collaborate with Finnish Businesses

by Teuvo Tuomi | Sep 17, 2024 | News, Business, Finland, Sustainability, Trade, Vietnam

The Vietnamese Embassy in Finland, in cooperation with the Finland-Southeast Asia Business Association and the Hai Phong City People’s Committee, organized an event to promote investment, trade, and business connections in Helsinki on 9 September. The Vice President...
Vietnam’s Beer Production Falls by 4%

Vietnam’s Beer Production Falls by 4%

by Teuvo Tuomi | Sep 16, 2024 | Vietnam, Business, Economy, Food & Drinks, Lifestyle, News, Society

Vietnam’s beer production fell by 4% year-on-year in the first eight months of 2024 as breweries struggled with declining profits. Nguyen Van Viet, chairman of the Vietnam Beer – Alcohol – Beverage Association, says the industry is suffering from...
Thailand’s Software Sector Sees Solid Growth

Thailand’s Software Sector Sees Solid Growth

by Teuvo Tuomi | Sep 16, 2024 | News, Business, Digitalization, Economy, Technology, Thailand

Thailand’s software sector outperformed other digital sectors last year with a growth of 12.8%, earning 215 billion baht. Main reasons were investment in advanced technology such as artificial intelligence (AI), data analytics, cloud computing, and...
Investment Boom Continues in Cambodia

Investment Boom Continues in Cambodia

by Teuvo Tuomi | Sep 11, 2024 | Cambodia, Business, Economy, Investment, News

According to the Council for the Development of Cambodia (CDC), the government approved 46 new projects and 7 production expansion projects in August, with a total investment of more than $1.2 billion, creating around 33,000 jobs. These projects aim to enhance...
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