by Teuvo Tuomi | Aug 15, 2024 | News, Business, Investment, Trade, Vietnam
The northern port city of Hai Phong has been a foreign investment magnet, hosting 967 foreign direct investment (FDI) projects underway worth US$30.65 billion. At a recent investment promotion conference in China’s Shenzhen city, Hai Phong granted investment...
by Teuvo Tuomi | Aug 14, 2024 | Thailand, ASEAN, Investment, News, Southeast Asia
According to the report by the World Gold Council, Thailand’s gold bar and coin investment surged 22% year-on-year in the second quarter, reflecting ongoing weakness in the baht. Meanwhile, consumer gold demand across Southeast Asia grew by 20% year-on-year....
by Teuvo Tuomi | Aug 13, 2024 | China, Economy, Investment, Trade, Vietnam
In Vietnam, more than 11 billion USD in foreign investment (FDI) was registered during the first five months of 2024, up 2% year on year, reported the Foreign Investment Agency (FIA). According to FIA, Singapore tops foreign investors in Vietnam during the period,...
by Teuvo Tuomi | Aug 7, 2024 | Thailand, Digitalization, Investment, Korea, Technology
South Korean car giant Hyundai Motor will invest 1 billion baht (US$28 million) to set up a facility to assemble electric vehicles (EVs) and batteries in Thailand, according to the country’s Board of Investment (BOI). Thailand’s booming EV sector is...
by Teuvo Tuomi | Jul 22, 2024 | ASEAN, Business, Cambodia, Investment, News, Southeast Asia, Trade, Visions
The Regional Comprehensive Economic Partnership (RCEP) agreement and bilateral free trade agreements (FTAs) are expected to help Cambodia attract more foreign direct investment (FDIs) and boost its exports, National Bank of Cambodia’s (NBC) Governor Chea Serey...
by Teuvo Tuomi | Jul 21, 2024 | Singapore, AI, ASEAN, Digitalization, Innovation, Investment, News, Southeast Asia, Technology
The Monetary Authority of Singapore (MAS) has promised an additional S$100 million (74.3 million USD) to bolster the development of quantum and artificial intelligence technologies within the financial sector. This investment, allocated under the Financial Sector...
