96% of foreign businesses with operations in Southeast Asia have achieved growth in the region in 2023 - and expect more growth in the next 12 months. Read our latest report to find out more. https://lnkd.in/gAJiscfN #ConfidentlyInternational #HSBCGlobalConnections
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Although expected to grow less than last year, the #asian region is still predicted to outpace global #growth once again in 2023. 🌏📈 𝗦𝗼𝘂𝘁𝗵𝗲𝗮𝘀𝘁 𝗔𝘀𝗶𝗮 (𝗦𝗘𝗔) 𝗴𝗿𝗲𝘄 𝟱.𝟱% 𝗶𝗻 𝟮𝟬𝟮𝟮 (Asian Development Bank), one of the fastest-growing regions in the world. Many Australian businesses have already relocated parts of their #supplychain to SEA to diversify and lower costs. Watch our webinar, available 𝙤𝙣-𝙙𝙚𝙢𝙖𝙣𝙙, as our speaker Kyle Freeman provide an overview of: 👉 Southeast Asia’s 2023 outlook 👉 Trade and investment trends 👉 Noteworthy developments that may impact businesses 👉 Opportunities for foreign companies 🎞️ Watch here: http://ow.ly/8HLJ50Nm89a #DezanShira #MarketProspect #Singapore #Vietnam #SoutheastAsia #SEA
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2024 is turning out to be a pivotal year for our relations with #Singapore. With this third installment of U.S.-Singapore #TradeFacts, we continue celebrating the 20th anniversary of the U.S.-Singapore #FreeTradeAgreement (#FTA) entering into force and note that Singapore is now the United States’ 12th largest #export market, importing $80.5 billion worth of U.S. goods and services. In addition, we welcome this week’s news of the plans for a smooth transition from Singapore’s third generation to fourth generation political leadership. The U.S. Department of Commerce looks forward to continuing the momentum in our bilateral commercial relations after the new Cabinet is sworn in next month. Through the U.S.-Singapore Partnership for Growth and Innovation (#PGI) and Indo-Pacific Economic Framework for Prosperity (#IPEF), the Department’s International Trade Administration is prepared to work with 4G leaders to help bilateral #trade and #investment numbers grow even higher in the coming years.
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Export Development Canada | Exportation et développement Canada (EDC) will open representative offices in Vietnam, Japan and the Philippines next year, according to EDC President Mairead Lavery at the Indo-Pacific Strategy Forum in Ottawa on December 4, 2023. Great opportunities for Canadian exporters to increase trade in value-added products for a growing middle class in Vietnam, according to Kevin Elliott of EDC. Read more: https://lnkd.in/ghbHsTks. Vietnam's economic growth is expected to be 4.7% in 2023, 5.5% in 2024 and 6.0% in 2025, according to the World Bank. #canada #vietnam #export #indopacific Like
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The low level of intra-regional trade in South Asia presents both challenges and opportunities for economic growth and development. 🌍💼 The project accelerating transport and trade connectivity in Eastern South Asia is a positive step towards addressing constraints in the region while promoting growth and investment. 👥🚀 By investing in regional integration and infrastructure development projects, businesses can tap into the untapped potential of the South Asian market and contribute to its economic growth. Read more: https://bit.ly/46LIVQW #SouthAsia #BusinessSupport #InternationalDevelopment #InfrastructureInvestment
Regional integration is the key
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🌏 𝗡𝗮𝘃𝗶𝗴𝗮𝘁𝗶𝗻𝗴 𝗚𝗿𝗼𝘄𝘁𝗵: 𝗨𝗻𝘃𝗲𝗶𝗹𝗶𝗻𝗴 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀 𝗶𝗻 𝗔𝗦𝗘𝗔𝗡 𝗳𝗼𝗿 𝟮𝟬𝟮𝟯 🤝💼 🌐 Did you know that ASEAN plays a pivotal role as a trading partner for Australia? In 2021 alone, Australia’s trade with ASEAN nations reached an impressive $127.1 billion, with two-way investments soaring to $248.7 billion. Australia’s robust trade connections are secured by strategic regional and bilateral free trade agreements. Notably, the 𝗔𝗦𝗘𝗔𝗡-𝗔𝘂𝘀𝘁𝗿𝗮𝗹𝗶𝗮-𝗡𝗲𝘄 𝗭𝗲𝗮𝗹𝗮𝗻𝗱 𝗙𝗿𝗲𝗲 𝗧𝗿𝗮𝗱𝗲 𝗔𝗴𝗿𝗲𝗲𝗺𝗲𝗻𝘁 (#AANZFTA) and the 𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗖𝗼𝗺𝗽𝗿𝗲𝗵𝗲𝗻𝘀𝗶𝘃𝗲 𝗘𝗰𝗼𝗻𝗼𝗺𝗶𝗰 𝗣𝗮𝗿𝘁𝗻𝗲𝗿𝘀𝗵𝗶𝗽 𝗔𝗴𝗿𝗲𝗲𝗺𝗲𝗻𝘁 (#RCEP) provide pathways for #Australianbusinesses to seamlessly engage with #ASEAN and the ASEAN Economic Community. 🌍✨ 𝗔𝗔𝗡𝗭𝗙𝗧𝗔, in particular, brings about substantial tariff reductions and heightened certainty for Australian service providers and investors. With increasingly liberal trade policies and a prospectively privileged geopolitical situation in the future, ASEAN stands to strengthen its position as the top destination for foreign investment in Asia. 🚀📊 Eager to explore investment prospects in #Singapore, #Indonesia, or across ASEAN? 📢 Our dynamic ASEAN team provides invaluable insights and guidance. 📲 Connect with our ASEAN team today and get your plans moving: http://ow.ly/w7Zs50MuJXg 🤝 👤 You can also reach out to our Head of Australian Desk, Ms. Ines Liu: ines.liu@dezshira.com #DezanShira #BusinessIntelligence #ASEANprospects #Investment #Australia #bilateraltrade
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We are pleased to announce the opening of our 10th Foreign Direct Investment (FDI) Advisory Centre in Tokyo that will help Japanese companies looking to expand into Southeast Asia. Despite the global slowdown due to the pandemic, the total Japanese FDI into Southeast Asia grew 15% in 2022 compared with 2020 to 2.65 trillion yen. This trend is set to grow due to various factors, including supply chain shifts, trade tensions, rising consumer demographic in a high-growth region and the digital economy. “UOB’s FDI advisory services provide our clients with one-stop solutions to navigate the complexities of doing business in a diverse region. This new FDI advisory centre underscores our long-standing commitment to support Japanese businesses venturing abroad. Our clients can leverage our deep regional connectivity and strong local relationships to explore new markets. As ASEAN and Japan celebrate 50 years of friendship and cooperation, it is encouraging to see growing FDI into Southeast Asia, contributing to economic growth in the region.” – Wee Ee Cheong, Deputy Chairman and CEO, UOB. Pictured: UOB’s CEO, Wee Ee Cheong (centre), together with Singtong Lapisatepun (left), Thailand’s Ambassador to Japan and Pham Quang Hieu (right), Vietnam’s Ambassador to Japan at the official opening of UOB’s Tokyo FDI Advisory Centre. #OneBankForASEAN
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When expanding your business overseas, there are lots of considerations to take into account. We asked international businesses what were the main factors attracting them to the ASEAN region. Here's what they had to say 👇 Find out more: https://lnkd.in/gAJiscfN #ConfidentlyInternational #HSBCGlobalConnections
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