AHK Vietnam - Delegation of the German Industry and Commerce in Vietnam’s Post

Australian PM: Vietnam the focus of Australia’s Southeast Asia economic strategy Australia will put Vietnam as the focus of the Southeast Asia Economic Strategy to 2040 it is developing and continue enhancing cooperation with the Mekong Sub-region, Australian Prime Minister Anthony Albanese said during talks with his Vietnamese counterpart Pham Minh Chinh in Hanoi on June 3.The Australian Prime Minister paid an official visit to Vietnam from June 3-4. The two Prime Ministers expressed delight at the fine and effective development of bilateral relations in all fields, with economic cooperation being a bright spot. Two-way trade turnover reached nearly $16 billion in 2022, up 30 per cent against 2021, putting the two sides among each other’s ten largest trading partners. They agreed to promote economic, trade, and investment cooperation, including effectively carrying out the plan on implementing the Enhanced Economic Engagement Strategy (EEES) for 2021-2025; reinforce the two economies’ connectivity; and step up cooperation in defense, security, official development assistance (ODA), education and training, science and technology, labor, transport, tourism, climate change response, and digital transformation. Prime Minister Chinh affirmed that favorable conditions are in place for Australian businesses to invest in Vietnam in fields such as infrastructure, telecommunications, banking and finance, education, high-tech agriculture, green transition, and digital transformation. #logistics #economic #supplychain Source: https://lnkd.in/gH5Cj8Tx

🌼 Spring starts with good news in Romania Romania's development efforts are starting to produce results, the entry into the Schengen area and especially the OECD being a difficult undertaking. It recently approved the first formal opinion based on the evaluation of the reforms 🏆 carried out. OECD has currently 38 members, of which 23 European states, developed and aiming to expand with countries with increased potential ⏳ for rapid development, hold over 70% of global production and trade and 90% of the world level of foreign direct investments. Romania proactively came with a series of contributions 🛎 to the programs carried out within the organisation, practically integrating in advance in several respects. Membership is seen as a necessity for progress and well-being. The OECD provides access to leading expertise in diverse fields that can open up long-term opportunities. It will certainly stimulate the attraction 🚀of foreign investments, innovation and competitiveness, according to the assessment of the representatives of the Ministry of Finance. Romania's accession to the OECD also represents a strategic objective of foreign policy, which has received the support of governments over time, the actual process having been started since 2004.

WITH its strategic location in Asia, large English-speaking population and robust domestic market, the Philippines has a vast potential to be an attractive destination for foreign direct investment (FDI). However, the country's FDI inflow has remained relatively low compared to its Southeast Asian neighbors. The lifting of the economic provisions of the 1987 Constitution is often cited as a crucial step in creating a more conducive environment for FDI. The Constitution contains several provisions that limit foreign ownership and participation in various sectors of the economy, including land ownership, public utilities, etc. Thus, it is imperative to ask whether amending the economic provisions is indeed a precondition for fostering an FDI-friendly and conducive environment. To continue reading, click the link below: TMT Link: https://lnkd.in/g5eFQdrC

Cambodia Spearheads ASEAN Economic Cooperation Cambodia is actively shaping the ASEAN economic agenda! Led by Tith Rithipol, Under Secretary of State of the Ministry of Commerce, the Cambodian delegation participated in critical ASEAN meetings to review progress and prioritize regional economic integration. The recent First Meeting of the ASEAN Senior Economic Officials for the Fifty-Fifth Economic Ministers’ Meeting (SEOM1/55) was a significant event. It focused on enhancing connectivity and resilience within ASEAN, emphasizing the importance of economic integration in 2024. These discussions also centered on priority economic deliverables (PEDs) under Lao PDR's chairmanship in 2024, strengthening ASEAN's role on the global stage. Cambodia's active engagement reaffirms its commitment to regional economic cooperation and integration, furthering its position in the global supply chain. To read more, visit- https://lnkd.in/dCAgZkd2 #ASEAN #EconomicIntegration #CambodiaEconomy #RegionalCooperation #TheBetterCambodia #Cambodia

🌟 French-Cambodian Economic Revival: 5 Key Insights 🌟 Exciting times for Franco-Cambodian economic relations! The recent visit of Cambodian PM Hun Manet to France has sparked new opportunities. Here's what you need to know: 1️⃣ 🤝 Strengthened Diplomatic and Economic Ties: The visit marks a new chapter in Franco-Cambodian relations, emphasizing economic and investment cooperation. This is a significant leap towards enhancing bilateral ties. 🌉 2️⃣ 💰 AFD's Hefty Commitment: The French Development Agency (AFD) is set to inject €400 million into Cambodian projects. This funding is a game-changer for sustainable development, climate resilience, and regional integration. 🌏💵 3️⃣ 🌐 Paris Business Forum: A Gateway for Opportunities: An upcoming forum in Paris promises to be a melting pot of Franco-Cambodian business opportunities. It's a unique platform for French investors to explore Cambodia's burgeoning market. 🏢🔍 4️⃣ 📈 Trade and Investment: Prospects and Challenges: Despite a slight decline in bilateral trade, there are about 200 French companies thriving in Cambodia. The focus is on diversifying trade beyond traditional sectors and improving logistics for better investment flow. 📊🚚 5️⃣ 📜 Nearing Tax Agreement: Negotiations for a double taxation avoidance agreement are underway, which could create a more favorable tax landscape for French investors in Cambodia. This move aims to increase transparency and ease tax compliance. 💼📝 What are your thoughts on these developments, and how do you see them impacting the Franco-Cambodian economic landscape in the near future? 🤔💬 Let's discuss! #FrancoCambodianRelations #EconomicGrowth #BusinessOpportunities Read the full story here: https://lnkd.in/gW_S7jbe

Enter the Dragon: Insights from Kenneth Atkinson OBE   2023 showcased Vietnam's economic resilience, with a 5.05% GDP growth and a USD28.0 billion trade surplus. Looking ahead to 2024, the driving forces of export resilience, FDI, and domestic spending are set to fuel further growth. The Government's focus on public investment and administrative reform sets a promising tone for the future, highlighting Vietnam's potential and bright prospects.   Mr Kenneth Atkinson, Founder and Senior Board Adviser of Grant Thornton Vietnam, recently shared his insights on Vietnam's economic landscape in our latest article, "Enter the Dragon."   View the full article at this link: https://bit.ly/42Imzyi   #grantthorntonvietnam #grantthornton #yearofdragon #economicoutlook

Thailand's bold economic development plan unveiled by the new Prime Minister Srettha Thavisin charts a course for the nation's future growth! 🇹🇭 With a focus on expanding income, international markets, and strategic relationships, the plan sets ambitious targets to strengthen infrastructure, attract foreign investment, and foster innovation. Read our latest article to learn how this plan could impact Thailand's economic landscape and international trade. ⤵️ If you're interested in Thailand's business environment or expanding your operations in this dynamic country, stay tuned for more updates and insights from Tractus. #Tractus #Thailand #economicdevelopment #freetradeagreement #BOI #EEC #economiczone