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Philippines among weakest markets for motor vehicles in ASEAN

MANILA, Philippines — Motor vehicle and motorcycle assembly and sales in the Philippines declined in January compared to a year ago, as a surge in COVID-19 cases due to the Omicron variant dampened consumer demand and affected operations. Data from the Association of Southeast Asian Nations (ASEAN) Automotive Federation (AAF) showed the Philippines was among […]

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Thailand: Economy hit by war fallout

The Russia-Ukraine crisis has already hit Thailand’s import and export trade, with both manufacturers and consumers suffering the indirect results of rising oil prices causing a spike in inflation, the government said on Sunday. Close analysis of downward trends in trade volumes since the fighting broke out reveal a correlation that most exports attribute to […]

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Vietnam is becoming an attractive startup valley

In 2021, investment capital in start-ups hit a record level of 1.35 billion USD, making Vietnam the most attractive startup valley in the region. According to the latest data from the Department of Market Development and Sci-tech Enterprises (Ministry of Science and Technology), investment capital poured into start-ups in Vietnam grew dramatically in 2021, reaching […]

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Cambodia: Garment, footwear and travel goods Development Strategic Plan to attract more investment

Cambodia’s strategic plan on garment, footwear and travel goods development 2021-2024 will attract more investments and contribute to sustainable development in the sector. Ith Samheng, Minister of Labour and Vocational Training, made the note in a meeting with Okhna Kong Sang, President of Garment Manufacturers Association in Cambodia (GMAC) here in Phnom Penh this week. […]

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