Indonesia targets nearly 294.5 billion USD in exports this year to push the country’s economy towards a growth target of 8% set by President Prabowo Subianto.
Foreign direct investment (FDI) firms, rather than the domestic ones, are able to fully tap the production shift of large brands, according to industry insiders.
Vietnam’s industrial zones have been attracting attention from foreign investors thanks to its robust economic growth, abundant workforce, and the signing of various free trade deals which are expected to form a more favourable business climate, according to the latest report from Jones Lang LaSalle (JLL).
As many as 12,960 businesses were established during January-June, registering a total capital of over 190 trillion VND (8.14 billion USD), the Ministry of Planning and Investment said at a press conference in Hanoi on June 27.
Thailand should actively join negotiations on free trade deals to offset the prospect of protectionism in global trade, according to the University of the Thai Chamber of Commerce (UTCC).
Vietnamese firms involved in fishery and agricultural products were urged to study the sanitary and phytosanitary measures of the European Union markets to opimise opportunities for both sides.