The US-China trade war are causing companies to move their production sites to Southeast Asia, allowing ASEAN to see a higher inflow of foreign direct investment.
Vietnam aims to reduce rice export to Asia from 60% to 50% of total rice exports and increase its rice exports to Africa (25%) and the Americas (10%) by 2030.
The 2018-19 National Planning Bill projects the telecom industry in Myanmar to grow by 15 percent in the next fiscal year (October 1, '18 to September 30, '19).
With e commerce spending in ASEAN predicted to rise by 32% to almost US$90 billion in 2025, it is imperative for member states to understand ecommerce in Asia.
Indonesia currency has recently dropped to IDR 14,700 on August 31 as a result of external factors like the Argentinian crisis and the US-China trade war.
SME in Malaysia grew from 5.2% in 2016 to 7.2% in 2017 (RM435.1 billion) for all main economic sectors including manufacturing, services, and agriculture.
The General Statistics Office (GSO) announced that Vietnam economy has recorded the highest six-months growth rate since 2010, at 7.08% from January to June.
Thailand economy is expected to sell more than one million car units this year as a result of its double-digit growth from January to May (18% YOY growth).
ASEAN, Europe, and other countries' stock market index declines as the United States government increases tariff rates on Chinese imports from 10% to 25%.
ASEAN +3 region is expected to sustain its growth rate at 5.4% in 2018 despite two key risks: higher US Federal Reserve interest rates and global trade tensions.
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