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...
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...
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...
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...
by Teuvo Tuomi | Sep 13, 2024 | China, Economy, Environment, Sustainability
China wants to release a new standard for calculating the carbon footprint of products, filling a gap in the country’s system of general standards. This is part of a strategy outlined by the Ministry of Ecology and Environment and 15 other national governmental bodies...
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...
