Indonesia Joins BRICS: A Strategic Step
JAKARTA – On January 7, Indonesia formally joined BRICS, becoming the first Southeast Asian country to join the intergovernmental bloc comprising Brazil, Russia, India, China, and South Africa. Indonesia’s entry follows BRICS’ recent expansion to include Egypt, Ethiopia, Iran, and … Continue reading Indonesia Joins BRICS: A Strategic Step
Vietnam Poised to Become Regional Tech Hub
HANOI – Vietnam is positioning itself as a major manufacturing and technology hub in Southeast Asia, with foreign direct investment (FDI) flowing into the country at an unprecedented rate. In 2024, FDI into Vietnam reached nearly $31.4 billion, marking a … Continue reading Vietnam Poised to Become Regional Tech Hub
ASEAN 2025: Focus on “Inclusivity and Sustainability”
KUALA LUMPUR – Malaysia will assume the Chairmanship of the Association of Southeast Asian Nations (ASEAN) in 2025 under the theme “Inclusive and Sustainable.” This significant year marks the 10th anniversary of the ASEAN Community and represents a turning point … Continue reading ASEAN 2025: Focus on “Inclusivity and Sustainability”
Vietnam: CP-Leader calls for groundbreaking innovations
HANOI—In an impressive speech to intellectuals and scientists, the General Secretary of the Communist Party of Vietnam (CPV), Tô Lâm, emphasized the key role that intellectuals and scientists must play in shaping the country’s future. He particularly highlighted their responsibility … Continue reading Vietnam: CP-Leader calls for groundbreaking innovations
Vietnam’s Luxury Boom: The Rise of the Wealthy
HANOI – Vietnam’s rapidly expanding consumer class increasingly turns to luxury goods, signaling a significant shift in the nation’s economic landscape. As the country’s economy grows fastest in Southeast Asia, the rise of an affluent middle class is reshaping consumer … Continue reading Vietnam’s Luxury Boom: The Rise of the Wealthy
Vietnam: Expected growth rate of 6.4 percent
HANOI – Vietnam’s economy showcased impressive resilience and growth in 2024, driven by robust GDP expansion, strong trade performance, significant foreign direct investment (FDI), a thriving manufacturing sector, infrastructure development, and a dynamic labor market. Vietnam’s GDP growth exceeded expectations … Continue reading Vietnam: Expected growth rate of 6.4 percent
Trump’s Comeback: Mixed Expectations for ASEAN
SINGAPORE – As the second term for Donald Trump in the White House draws closer, Southeast Asia’s future under his leadership is becoming a subject of intense speculation. While Singapore appears to stand to gain from a renewed partnership with … Continue reading Trump’s Comeback: Mixed Expectations for ASEAN
Southeast Asia’s Race to Become the Leading AI Hub
SINGAPORE – As the global demand for artificial intelligence (AI) technologies surges, Southeast Asian countries, which make up the Association of Southeast Asian Nations (ASEAN), are engaged in a fierce competition to establish themselves as the region’s premier AI hub. … Continue reading Southeast Asia’s Race to Become the Leading AI Hub
Hong Kong’s Exports Set for 4% Growth in 2025
HONG KONG – Hong Kong’s economy is poised for continued growth in 2025, with exports forecast to increase by 4%, according to the latest report from the Hong Kong Trade Development Council (HKTDC) Research. This positive outlook, part of the … Continue reading Hong Kong’s Exports Set for 4% Growth in 2025
Vietnam: German Businesses Show Resilience
HO CHI MINH CITY – The global economy continues to experience sluggish yet stable growth, characterized by ongoing challenges and uncertainties. Amid these conditions, German businesses remain optimistic about the Vietnamese market. The AHK World Business Outlook Fall 2024 survey highlights … Continue reading Vietnam: German Businesses Show Resilience