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person Orange Themes access_time Dec 28,2016

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person Orange Themes access_time Dec 18,2016

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ASEAN bloc investments booming, VN among best destinations

access_time Nov 25,2016 chat_bubble_outline 65 views
Economic groups and corporations from ASEAN countries, including Vietnamese businesses, are pouring big money into neighboring countries. 

ASEAN bloc investments booming, VN among best destinations

The ASEAN Investment Report 2016 released recently showed that in 2015, the total investment capital in ASEAN countries reached $120 billion, of which investments from bloc countries accounted for 18.5 percent, which for the first time outstripped investments from EU, at 16.4 percent.

According to Euromonitor, the ASEAN retail market is expected to expand by 20 percent in 2015-2020, to $588.3 billion.

It pointed out that large conglomerates in the region have been making every effort to penetrate neighboring markets. Boon Rawd Brewery from Thailand, which is famous for Singha beer brand, for example, has agreed to pour $1.1 billion into Masan Group in a plan to penetrate the Vietnamese market.

In May 2016, Vinamilk, the leading dairy producer, kicked off its production line in Cambodia. 
Economic groups and corporations from ASEAN countries, including Vietnamese businesses, are pouring big money into neighboring countries. 
Meanwhile, Myanmar Plaza in Yangon City owned by Vietnam’s Hoang Anh Gia Lai Group has opened. It is considered a typical example of the retail and real estate boom in Myanmar. 

Nikkei Asian Review in an article wrote that an office building has been set up next to a shopping mall, while a high-end apartment building would open in 2018. The total investment capital injected into the complex is estimated at $440 million. 

Infrastructure is also an attractive business field for ASEAN countries as ADB (Asian Development Bank) believes that ASEAN member countries would need some $60 billion a year in the next decade for development. 

Malaysia's Lippo Group plans to build 20 modern hospitals in Myanmar within the next 10 years. Meanwhile, Vietnam’s Viettel, the military telecom group, is spending $800 million to upgrade the telecom infrastructure in Myanmar. Thai cement group, Siam, has begun its production in Indonesia, while it plans to conquer Myanmar and Lao markets soon.

ASEAN’s corporations now compete fiercely with foreign firms in merger & acquisition (M&A) deals. Thailand’s Central Group has taken over Big C in Vietnam, while Siam City Cement will control five plants which once belonged to LafargeHolcim.
While foreign direct investment (FDI) into ASEAN countries decreased slightly last year, the emerging markets in the bloc still cannot show their attractiveness to foreign investors.

CNN cited a report released at an UNCTAD conference as saying that FDI capital into ASEAN countries in 2015 was $119.9 billion, falling by 8 percent compared with 2014. However, the capital flow to Cambodia, Laos, Myanmar and Vietnam increased by 38 percent to $17.4 billion.

David Mann from Standard Chartered said that Vietnam is clearly among the best investment destinations.

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175 new projects get licences in January

As of January 20, 175 new projects were licenced with a total investment of 1.244 billion USD, a rise of 23 percent over the same period last year, according to the Ministry of Planning and Investment Investment’s Foreign Investment Agency. During January, 179.1 million USD was added to 76 underway projects, equivalent to 55.4 percent of that in the same time in 2016, while foreign investors also poured 165 million USD to buy shares in companies.The results pushed total investment made in… chat_bubble_outline Read More...

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As Nigerian sex trafficking rises, Italy tracks crime kingpins

By Tom EsslemontCATANIA, Italy (Thomson Reuters Foundation) - When Italian prosecutor Lina Trovato first came across a sex trafficking suspect called "Mummy", she sensed she was onto something especially sinister.The code name had appeared several times in wiretapped conversations between Nigerian gang members in Italy and their apparently female boss back in the West African state."If one of the (trafficked sex worker) girls went astray, the agents in Italy always informed 'Mummy' - otherwise… chat_bubble_outline Read More...

Air route connecting HCM City to Cambodia’s Sihanoukville to open

Cambodia’s Angkor Air will launch a direct route connecting Ho Chi Minh City to Preah Sihanoukville from June 17, according to the State Secretariat on Civil Aviation of Cambodia. Sinn Chanserey Vutha, the Secretariat’s spokesman, said the airline will conduct five roundtrip flights per week week, using ATR aircraft. The firm began its marketing programmes and informed travel agencies about the new route, he added. Director of Preah Sihanoukville’s Tourism Department Nou Sophal said the port… chat_bubble_outline Read More...

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