Philippine Consulate General in San Francisco’s Post

Southeast Asia presents a unique opportunity for businesses worldwide to expand and grow. This promising region consists of some of the world’s most attractive economies, including Vietnam, Indonesia, and Singapore.  A golden age of ASEAN? By increasing two-way trade and investment, Australia and the region will advance their mutual prosperity and security. 

Australia strengthens trade ties with ASEAN through the 2024 ASEAN-Australia Special Summit, opening doors for deeper collaboration and business opportunities. ASEAN's projected rise to be the world's fourth-largest economy by 2040, with a 4% annual GDP growth rate, presents vast potential across sectors. Australian businesses, equipped with expertise and financial resources, are primed to leverage this growth, aided by existing Free Trade Agreements (FTAs) for seamless trade and investment. Join Ines Liu, Head of the Dezan Shira & Associates Australian Desk and Senior Manager, International Business Advisory, as she delves into the investment opportunities and economic advantages awaiting Australian businesses and investors in ASEAN. The webinar will cover the following key topics: 👉 ASEAN-Australia economic partnerships and strategic initiatives to facilitate investment. 👉 Overview of bilateral and regional FTAs and their benefits 👉 Key Sectors included in the Southeast Asia Economic Strategy to 2040 👉 Country-wise Analysis of Vietnam, Indonesia & Singapore, highlighting foreign investment opportunities in these key markets 📌 This webinar is free. Register here: https://ow.ly/8JtS50R0Nev #DezanShira #AustraliaASEAN #BusinessOpportunities #ASEANEconomy #FTA #InvestmentOpportunities #EconomicPartnerships #ForeignInvestment

NEW REPORT | BUSINESS CONFIDENCE INDEX (BCI) Q1 2024 👉 Download now: https://bit.ly/4aLtkCk The European Chamber of Commerce in Vietnam’s (EuroCham) most recent Business Confidence Index, conducted by Decision Lab, has signalled optimism in Vietnam's economy. The quarterly index reached 52.8 in Q1 2024 – its highest level since Q3 2022 – a clear sign of increased confidence within Vietnam’s European business community. "This positive trend underscores the European business community's view of Vietnam as a dynamic market with promising growth prospects," said EuroCham Vietnam Chairman Dominik Meichle from Bosch Vietnam. "The index once again rising above the 50 threshold reaffirms the country's growing appeal. Continued efforts to enhance stability and predictability will further strengthen Vietnam's global competitiveness and unlock its full potential." "The hard data from the Business Confidence Index paints a clear picture - investor optimism is steadily improving," said Decision Lab CEO Thue Quist Thomasen. "Vietnam certainly can become the region's preeminent investment destination, and proactive, investor-focused policies will further accelerate its rise." #DecisionLab #BCI #BusinessConfidenceIndex #Vietnam #Economy

VIETNAM AMONG SOUTHEAST ASIA’S FASTEST-GROWING ECONOMIES NEXT DECADE   📈 Southeast Asia's six leading economies, including #Vietnam, are projected to grow at an average annual rate of 5.1% over the next decade, according to the "Navigating High Winds: Southeast Asia Outlook 2024 – 34" report by the Development Bank Singapore (DBS), Bain & Company, and the Angsana Council.   🌏 Vietnam, along with Indonesia and the Philippines, is expected to lead this growth due to its export-oriented economy, diverse #FDI sources, competitive provincial dynamics, and high-quality workforce. Despite regional obstacles like protectionism and deindustrialization, Vietnam's strategic position and economic policies will be key to sustaining growth. 📊 To thrive in this market, businesses will need comprehensive analysis, investment insights, and expert consultations for partner searches. Our team at AHK Vietnam leverages extensive experience and a robust network to support German businesses in achieving their goals. 👉 Read the full report here: https://lnkd.in/g-aFX8vG   #VietnamEconomy #SoutheastAsiaGrowth #EconomicForecast #VietnamDevelopment #FDIinVietnam #EconomicReport #Vietnam2024 #GlobalBusiness #BusinessGrowth

NEW REPORT | BUSINESS CONFIDENCE INDEX (BCI) Q1 2024 👉 Download now: https://bit.ly/4cQeQmc The EuroCham Vietnam most recent Business Confidence Index, conducted by Decision Lab, has signalled optimism in Vietnam's economy. The quarterly index reached 52.8 in Q1 2024 – its highest level since Q3 2022 – a clear sign of increased confidence within Vietnam’s European business community. "This positive trend underscores the European business community's view of Vietnam as a dynamic market with promising growth prospects," said EuroCham Vietnam Chairman Dominik Meichle from Bosch Vietnam. "The index once again rising above the 50 threshold reaffirms the country's growing appeal. Continued efforts to enhance stability and predictability will further strengthen Vietnam's global competitiveness and unlock its full potential." "The hard data from the Business Confidence Index paints a clear picture - investor optimism is steadily improving," said Decision Lab CEO Thue Quist Thomasen. "Vietnam certainly can become the region's preeminent investment destination, and proactive, investor-focused policies will further accelerate its rise." 👉 Download now: https://bit.ly/4cQeQmc #DecisionLab #BCI #BusinessConfidenceIndex #Vietnam #Economy

🗞️ ECONOMIC & REGULATION NEWS 🗞️ Philippines, to be a Top Performer in the ASEAN 🇵🇭🌐 The Philippines is emerging as the top economic performer in the Association of Southeast Asian Nations (ASEAN), according to a recent analysis by HSBC Global Research. The country's robust economic growth, driven by strategic reforms and a favorable global trade environment, positions it for a significant leap in the regional economic landscape. 🙌🏻 Read full news here: https://lnkd.in/gpy6ff7b #CCIFP #EconomicNews #Philippines #ASEAN

NEW REPORT | BUSINESS CONFIDENCE INDEX (BCI) Q1 2024 👉 Download now: https://bit.ly/3TNIksn The European Chamber of Commerce in Vietnam’s (EuroCham) most recent Business Confidence Index, conducted by Decision Lab, has signalled optimism in Vietnam's economy. The quarterly index reached 52.8 in Q1 2024 – its highest level since Q3 2022 – a clear sign of increased confidence within Vietnam’s European business community. "This positive trend underscores the European business community's view of Vietnam as a dynamic market with promising growth prospects," said EuroCham Vietnam Chairman Dominik Meichle from Bosch Vietnam. "The index once again rising above the 50 threshold reaffirms the country's growing appeal. Continued efforts to enhance stability and predictability will further strengthen Vietnam's global competitiveness and unlock its full potential." "The hard data from the Business Confidence Index paints a clear picture - investor optimism is steadily improving," said Decision Lab CEO Thue Quist Thomasen. "Vietnam certainly can become the region's preeminent investment destination, and proactive, investor-focused policies will further accelerate its rise." #DecisionLab #BCI #BusinessConfidenceIndex #Vietnam #Economy

Fortune, America's leading economic magazine, has announced the 2024 ranking of top 500 Southeast Asian companies—the Fortune Southeast Asia 500. According to Fortune, these are the largest companies in the region, representing a dynamic and growing economy. Collectively, they contribute about $4,000 billion to global GDP and demonstrate impressive growth rates. The list is compiled based on key criteria such as revenue and net profit. Additionally, it includes comprehensive surveys and assessments of company size, number of employees, and socio-economic contributions, all based on audited official reports. In 2024, the 500 companies on the list hail from leading countries in the region, including Vietnam, Singapore, Thailand, Malaysia, Indonesia, Cambodia, and the Philippines. Among the top 70 Vietnamese enterprises featured, Vietnam Maritime Commercial Bank (MSB) stands out with a revenue of nearly $1 billion. #Fortune500 #MSB

Being part of Apec matters to and benefits Malaysia on several fronts. First, with a combined population of 3 billion, Apec’s 21 member economies represent approximately 62 per cent of the world’s GDP and 47 per cent of global trade. Aside from trade, Apec also facilitates investments, capacity building and knowledge sharing. Meanwhile, Malaysia intends to leverage its Chairmanship of Asean in 2025 to bring about synergistic benefits between the Apec economies and the Asean member states, seven of which are also in Apec. Asean, arguably is also at the heart of Apec geographically, strategically and economically. This rare dual-role opportunity places Malaysia in a unique position to strongly advocate for both forums to pursue a balanced, non-polarising approach in the Indo-Pacific, with a clear call to action for member economies to deepen their collaborative focus on inclusivity, innovation, equitable growth and sustainability. Indeed, Malaysia’s 2025 Asean Chairmanship theme of “Inclusivity and Sustainability” is very much aligned to Apec’s 2024 theme, as both frameworks seek to prioritize the digital economy, green technologies, and support for small and medium enterprises, to pave the way for regional stability and shared prosperity. But Apec’s most important contribution moving forward might be its role in enshrining a multilateral, rules-based international system. Trump’s return to the US presidency resurrects concerns that his previous “America First” policies will result in a further retreat from multilateralism, vis-à-vis Apec and other regional frameworks, although admittedly, the new administration’s official policies will only be known post-inauguration of the new US President. However, I would likewise posit that this development also presents us with opportunities. Apec has been and can continue to serve as a platform for the US to engage constructively with the region on economic issues like supply chain resilience, strategic resources and digital trade. Indeed, we are hopeful that the new Trump administration will approach global trade with pragmatism and a clear view of the mutual benefits of multilateral engagement, which will complement Apec’s cooperative ethos. #TZA #MITI #ThisIsWhereGlobalStarts #APEC #ASEAN #BRICS https://lnkd.in/gWxfdsa9

NEW REPORT | BUSINESS CONFIDENCE INDEX (BCI) Q1 2024 👉 Download now: https://bit.ly/3U98yqA The European Chamber of Commerce in Vietnam’s (EuroCham) most recent Business Confidence Index, conducted by Decision Lab, has signalled optimism in Vietnam's economy. The quarterly index reached 52.8 in Q1 2024 – its highest level since Q3 2022 – a clear sign of increased confidence within Vietnam’s European business community. "This positive trend underscores the European business community's view of Vietnam as a dynamic market with promising growth prospects," said EuroCham Vietnam Chairman Dominik Meichle from Bosch Vietnam. "The index once again rising above the 50 threshold reaffirms the country's growing appeal. Continued efforts to enhance stability and predictability will further strengthen Vietnam's global competitiveness and unlock its full potential." "The hard data from the Business Confidence Index paints a clear picture - investor optimism is steadily improving," said Decision Lab CEO Thue Quist Thomasen. "Vietnam certainly can become the region's preeminent investment destination, and proactive, investor-focused policies will further accelerate its rise." #DecisionLab #BCI #BusinessConfidenceIndex #Vietnam #Economy