UOB’s Post

"Its geographic location along the Straits of Malacca has made it a historically strategic hub for global trade, commerce and shipping. Despite being a resource constrained island of 5.5 million, Singapore has leveraged this to develop an advanced, business and technology forward economy." #globalexpansion #internationalexpansion #entitysetup #entitymanagement #foreignsubsidiary #leanglobalexpansion  #scaleup #singapore https://lnkd.in/eZGtkZP2

Vietnam, a preferred destination for Hong Kong expansion According to data from UOB’s Business Outlook, seven out of ten (72%) companies in Hong Kong are now interested in expanding their operations overseas The Wholesale Trade industry is the most interested in expanding overseas. Other businesses such as Tech, Media, and Telecom (82%), Industrials/Oil and Gas (79%), and Manufacturing and Engineering (78%) also showed high interest in overseas expansion. Also, according to UOB experts, Southeast Asia, or Vietnam, is a potential area for expansion. Firms investing in Vietnam will enjoy various investment incentives, including tax exemptions, deductions, and preferential rates for specific industries or projects in certain regions. Moreover, in recent years, the government has focused on simplifying its administrative procedures, reducing barriers, and enhancing the ease of operating business in Vietnam.  The country will be a good market for companies in the electronics industry due to the concentration of the Vietnamese government in providing incentives for investment in technology, research, and development.

🇲🇾 Malaysia needs to boost investments and attract foreign and domestic direct investments (FDI & DDI) by liberalizing its services sector, says the World Bank. 💼 Sectors like digital, legal, accounting, logistics, and transport should be opened up 💰 Reviving investments is crucial for Malaysia's growth, as the investment-to-GDP ratio has dropped from over 40% to below 20%. 📈 Proactively liberalizing services is key for success, aligning with the New Industrial Master Plan (NIMP) 🌍 In 2022, Malaysia led its ASEAN neighbors with a 39% increase in net FDI inflow, ranking 23rd globally. It boasts an open economy, good geography, and a strong institutional investor base 🎓 However, Malaysia needs to focus on talent as it's a key factor for attracting FDI and DDI https://lnkd.in/g2MskR39 #MalaysiaFDI #InvestmentOpportunities 💡🌏

There are many reasons for investors from Singapore to start their business in Thailand. One of the most prominent causes is the ever-growing bilateral trade bonding between the nations. There is a growth of 31.9% in bilateral trade between Thailand and Singapore as on June 2023. The trade relationship between the two nations is growing stronger and yielding great results. For greater scope of opportunities and assured return on investments, start your business in Thailand. Here is a comprehensive guide to doing so! https://lnkd.in/dNZU-yaC #singaporebusiness #thailandbusiness #businessregistration #foreigninvestors #thailand #businessownership

Malaysian Prime Minister Anwar Ibrahim has emphasized the importance of good governance to attract foreign direct investment and increase national revenue. He highlighted Malaysia's positive GDP growth in the first quarter of 2023, surpassing that of China, Vietnam, and Indonesia. Anwar stated that a trustworthy government, free from embezzlement and corruption, will encourage international companies to invest in Malaysia, leading to job creation and a boost in revenue. This aligns with recent investments from global tech companies like Amazon Web Services and Tesla in Malaysia. The government's pro-trade, pro-investment, and pro-industry stance has yielded positive results. Efforts to improve the ease of doing business and create a stronger economic ecosystem are being made by the Ministry of International Trade & Industry. However, challenges related to competitive pricing and technology from Chinese products and reliance on foreign workers still exist. The government is urged to maintain credibility, integrity, competence, and experience in administering the country. https://lnkd.in/gve6qWiu #business #technology #experience #job #growth #tech #investment #like #china #amazon #investments #tesla #indonesia