ASEAN Business News

Vietnam to become China’s biggest ASEAN trader in 2016: counsellor

9 March 2016

Vietnam will surely become the biggest ASEAN trade partner of China in 2016, Economic and Commercial Counsellor of the Chinese Embassy in Vietnam Hu Suo Jin said on March 8. Talking to reporters in Hanoi, Hu said although the global economic slowdown continued in 2015, the two countries’ trade still grew stably and fast. Vietnam […]

Asean to gain competitive edge as one community: ST survey

21 December 2015

Source: Straits Times Asean will be more competitive once the Asean Economic Community (AEC) is a reality, going by a new regionwide poll. Businesses will do better, work opportunities will grow and lives will improve, according to the survey, which was conducted by The Straits Times and covered the 10 Asean nations. For more, click […]

ASEAN Committed towards preserving centrality in RCEP Negotiations, says Mustapa

18 December 2015

Source: Bernama ASEAN countries have reaffirmed commitment towards preserving centrality and meeting the 2016 deadline for the Regional Comprehensive Economic Partnership (RCEP) negotiations, International Trade and Industry Minister Datuk Seri Mustapa Mohamed said. He said ASEAN had also agreed to direct their officials to step up the work in the next few weeks to ensure […]

Graft, income gaps hinder Asean economic integration: Report

17 December 2015

Widespread corruption and gaping income disparities across nations could potentially sabotage economic integration in South-east Asia, the Chartered Accountants Worldwide warned yesterday. Political challenges created by China’s territorial ambitions in the South China Sea could also hobble the formation of a functioning Asean Economic Community, according to its report. For more, click here and here.

China’s HK, ASEAN should strengthen ties to expand offshore RMB business

15 December 2015

China’s Hong Kong should join hands with the ASEAN countries under the “One Belt, One Road” initiative to further expand the offshore renminbi business, Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region (HKSAR) government K C Chan said on Monday. Addressing the 2nd ASEAN Development Forum hosted by the […]

Labour market unfazed by AEC

14 December 2015

As ASEAN member states race to get ready for the ASEAN Economic Community (AEC) integration later this month, one of the pillars of the new economic bloc is the free flow of skilled labour across borders, with Cambodian industry experts unperturbed by the possibility of this leading to a skilled labour exodus from the Kingdom. […]

BIMP-EAGA welcomes 2025 Vision for economically competitive region

11 December 2015

Ministers from the Brunei, Indonesia, Malaysia and Philippines-East ASEAN Growth Area (BIMP-EAGA) have welcomed the ‘BIMP-EAGA Vision 2025’ formulation to develop a resilient, inclusive, sustainable and economically competitive sub-region. Minister in the Prime Minister’s Department Datuk Seri Abdul Wahid Omar said this would serve as the successor document to the Implementation Blueprint 2012-2016 that would […]

Myanmar needs further economic reforms ahead of AEC: think tank

9 December 2015

Myanmar has much to do before it will be ready to join the ASEAN Economic Community, including improvements to transportation, infrastructure, electricity supply and economic policies, according to local think tank Parami Roundtable Group. The AEC will come into effect at the end of this year, opening trade borders to form a single economic community. […]

Asean countries need to find ways to attract investors

8 December 2015

Asean’s market size and its need for investment in infrastructure are attracting global investors, which means that each member state has to find its own way to attract not only inflows from the West but also the vast amount of savings within Asia’s private sector, said the chief executive officer of Malaysia’s Capital Markets Promotion […]

AEC- golden opportunity for Vietnam’s real estate

4 December 2015

It has seen more than 16.6 billion USD in Foreign Direct Investment (FDI) flow from ASEAN nations into Vietnam. This account for 30.4 percent of the country’s total FDI, and has allowed the industry to stand second in FDI attraction after the processing and manufacturing sector. According to the Foreign Investment Agency under the Ministry […]