UOB’s Post

Excited to share about my recent trip to Vietnam! Witnessing the incredible growth and development in this beautiful country was truly inspiring. From bustling cities to serene landscapes, Vietnam has so much to offer. The innovation and progress I observed during my visit are a testament to the hard work and resilience of the Vietnamese people. Vietnam is not just a travel destination; it's a thriving hub of opportunities and collaboration. As businesses expand and technology advances, there's a palpable sense of optimism in the air. Due to trade frictions with China, Vietnam has become an attractive place to invest. From January to October last year, there was about $18.84 billion FDI poured into manufacturing projects. In ‘23, Vietnam saw an increase in their GDP at 5.05% with an expected growth of 6% this year. The booming economy, vibrant culture, and warm hospitality makes Vietnam a unique experience. It's increase in consumer spending, exporting sectors, and FDI's make it a promising place to invest. Grateful for the chance to explore this dynamic nation and witness firsthand the strides it's making on the global stage. Looking forward to future engagements and partnerships that contribute to the continued growth of Vietnam. Let's continue to collaborate and build a better future together! Ceres Ltd David Nealis 倪大伟 Thair Hussain #vietnam #investmentbanking  #ipo #equities #innovation #vietnambusiness

Türkiye’s logistics sector ranked among the top 15 emerging economies, holds significant appeal for Singaporean companies. With 2.5% of global logistics exports in 2023, Türkiye’s strategic location between #Europe and #Asia makes it a prime hub for collaboration. In leveraging such opportunities, the Singapore Business Federation (SBF) concluded a successful business mission to #Türkiye, taking seven Singapore companies to explore emerging opportunities in the food trade and logistics sectors. The week-long trip, held from 22nd to 28th September 2024, included visits to key cities #Istanbul and #Izmir and was supported by Enterprise Singapore. In addition to the potential collaboration between the Turkish-Singapore ecosystem on logistics, #foodtrade remains central to #Singapore food security strategy, making this mission an important exploration of business ties in another key sector. Read more on Indiplomacy for the full report of the visit: https://lnkd.in/gPZi9aAK

Did you know that the #ASEAN region has a population of approximately 690 million people? The region consists of 11 member states: Brunei, Cambodia, East Timor (also known as Timor-Leste), Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. They are further classified into ASEAN 10 and #ASEAN6 which can be observed in the image below. ASEAN is a unique market for companies looking for international expansion due to the following reasons: - Diverse economic landscape - Strategic position for #SupplyChainDiversification - Strong #FDI inflows - Participation in regional trade agreements such as Regional Comprehensive Economic Partnership (RCEP) As businesses seek to navigate this dynamic landscape, comprehensive #MarketResearch becomes essential. Here at GLOBAL ANGLE, our expertise in conducting thorough market analyses across the ASEAN region enables us to uncover valuable insights into market trends, local consumer behaviour, preferences. By leveraging our knowledge and resources, we can help organisations make informed strategic decisions that foster sustainable growth in this vibrant market. Contact us today to unlock the potential of ASEAN. #GrowWithGlobalAngle #BusinessGrowth #Singapore #Vietnam

The newly released Fortune Southeast Asia 500 map provides a comprehensive overview of the region's economic landscape by showcasing the distribution and financial performance of leading companies in Indonesia, Thailand, Malaysia, Singapore, the Philippines, Vietnam, and Cambodia. ASEAN’s Balancing Act: Amidst growing U.S.-China tensions, Southeast Asia remains committed to neutrality, focusing on constructive engagement with both global powers. This strategic stance was reiterated by Cambodia's Kao Kim Hourn at a recent forum in Washington. Cambodia-Singapore Collaborations: Cambodian PM Hun Manet’s historic visit to Singapore not only strengthens bilateral ties but also integrates Cambodia more deeply into regional economic initiatives like the new Financial Transparency Corridor (FTC) aimed at boosting SME collaboration. Chamber Connections: Stay tuned for upcoming events! From EuroCham's Open Office Day to the Malaysian Business Chamber’s Annual General Meeting, there’s ample opportunity to engage and expand your professional network. These developments highlight ASEAN's pivotal role in navigating the complex dynamics of international relations, with Cambodia actively fostering regional stability and economic growth. P.S. How can other ASEAN nations build on this momentum to further enhance collective progress and cooperation? Drop your comments below! #ASEAN #USChinaRelations #Geopolitics #Trade #Cambodia #Singapore Discover more in our latest newsletter and join the conversation! [https://lnkd.in/gkzrrVdV] Photo Credit: Nicolas Rapp for Fortune - 2024

💥 Vietnam-Indonesia Economic Collaboration: A Roadmap for Growth Vietnam's PM Pham Minh Chinh and Indonesia's President Joko Widodo are championing closer economic ties between their nations. Key highlights include: 👉 Shared Vision: Both leaders aim to elevate their countries to high-income status by 2045. 👉 Strategic Sectors: Indonesia seeks collaboration in electric vehicles, inviting VinFast for investment. Opportunities extend to aviation, real estate, tourism, and technology. 👉 Call for Investment: PM Chinh encourages Vietnamese businesses to participate in Indonesia's new capital project and explore diverse sectors like manufacturing, finance, and technology. 👉 Halal Market Potential: Vietnam, with strengths in agriculture, invites Indonesian businesses to explore the Halal food industry, tapping into Indonesia's position as the largest Muslim country in ASEAN. 👉 Trade Targets: The nations aim to boost bilateral trade to $15 billion in the near future, with a long-term goal of reaching $18 billion by 2028. #Vietnam #Indonesia #EconomicPartnership #TradeGoals #InvestmentOpportunities Cre: tuoitrenews

Celebrating #ASEAN today. The Association of Southeast Asian Nations is perhaps one of the most successful regional organizations to date and a formidable force in today's global business landscape. ASEAN is a master class in making diversity work. in the words of Singaporean scholar Kishore Mahbubani in his book The ASEAN Miracle: "How the extraordinary diversity of Southeast Asia came about. In all the many interpretations of the region’s history, there is one undeniable fact: Southeast Asia has served as the crossroads of the world for over 2,000 years. The remarkable cultural diversity of Southeast Asia is also a result of this. At least four major cultural waves have swept through Southeast Asia: the Indian, Chinese, Muslim and Western waves."

Exciting News!! PASPALIS and the Darwin Innovation Hub recently hosted a delegation from the Vietnamese Association of Foreign Invested Enterprises (VAFIE) to discuss investment opportunities and strengthen ties between North Australia and Vietnam. Key Points: 🔹 Mutual investment exploration 🔹 Focus on venture capital, co-investment partnerships, and trade 🔹 Sectors: food supply, tourism, logistics, and construction 🔹 Emphasis on early-stage investments to boost NT's economy Paspalis showcased its successful investments in the Asia Pacific and expressed a strong interest in Vietnam's potential. The VAFIE delegation highlighted vocational training and skilled labor export opportunities. This collaboration marks a significant step towards fostering economic growth and innovation in both regions. Read more here about the Vietnamese Delegation discussion: https://lnkd.in/gFgGxZUQ #Investment #Innovation #Vietnam #NorthernAustralia #EconomicGrowth #Paspalis

🌍 Exciting Developments in Singapore-Malaysia Economic Cooperation! 🌍 As part of the recent Annual Ministerial Dialogue between Singapore's Ministry of Trade and Industry and Malaysia's Ministry of Investment, Trade and Industry, significant strides have been made in enhancing bilateral economic ties. A standout initiative is the new Supply Chain Cooperation Workgroup, aimed at boosting supply chain resilience—a vital aspect as our economies recover and prepare for future global disruptions. Additionally, the progress in digital and green economic frameworks continues to open doors for businesses in both nations. From fostering secure digital transactions to encouraging sustainable practices through exporter education, the potential for growth and innovation is immense. 🔗 Singapore and Malaysia are also supporting businesses in exploring international markets through the Malaysia-Singapore Third Country Business Development Fund. This initiative supports joint business missions and feasibility studies, further enhancing our trade capabilities and opportunities. Learn more here: https://lnkd.in/g6Sd9vB5 Stay tuned for more updates and let's leverage these opportunities to thrive in a digitally connected and environmentally conscious business landscape! #DigitalEconomy #GreenEconomy #SupplyChainResilience #SingaporeMalaysiaCooperation

Our journey in Vietnam Just over a year and a half ago, we embarked on a strategic journey by establishing a new outpost in the heart of Southeast Asia. This move was a calculated step towards aligning with the future of global trade. Why did we choose Vietnam? Several factors influenced our decision, the three main factors were: I) Strategic Location: Nestled in the heart of Southeast Asia, Vietnam's strategic location serves as a gateway to major markets. Its proximity to other ASEAN country offers unaparalled access. II) Skilled Workforce: The country's investment in education and skill development has cultivated a dynamic workforce. This human capital is vital for factories to compete on a global landscape. III) Favorable Business Environment: Our decision to set foot in Vietnam was driven by the belief that this nation is on the brink of becoming a major player in the global trade ecosystem. Through our Vietnam office, we've tapped into a rich vein of opportunities, connected with vibrant markets, and embraced the innovative spirit that pervades the country. #Vietnam #GlobalTrade #Innovation #GrowthStory #StrategicExpansion

📣 We're excited to share this perceptive report authored by our colleague, Dr. Denis Suarsana, from our Indonesia & Timor Leste office! The report titled 'De-Risking, but to where? The Emerging ASEAN countries as an alternative to China' explores the dynamic growth of Indonesia, Malaysia, Thailand, the Philippines, and Vietnam, offering a promising alternative for EU-trade partnerships compared to the major player, China. This insightful report was presented this week at the ongoing 'EU-ASEAN Economic Diversification Strategies and Enhanced Partnership Opportunities amid Great Power Dynamics' exchange programme held in Brussels and Berlin by Konrad-Adenauer-Stiftung from 21-27 April 2024. 🌏 Will ASEAN emerge as the next major player in global trade? 👉 Get your copy here: https://lnkd.in/gvuiNJ_U #ASEAN #GlobalTrade #EconomicDiversification #EUASEAN #EUTrade