e-Commerce in Indonesia, Media Habits of FCMG Consumers in Vietnam – Asia Investment Brief
Our weekly round up of other news affecting foreign investors throughout Asia:
Indonesia’s e-commerce industry holds a lot of promise for foreign investors. The country has more than 130 million internet users and a burgeoning consumer market riding on the growing accessibility of mobile internet in the country.
In China, a wholly foreign-owned enterprise (WFOE) is a limited liability company (LLC) formed solely by one or more foreign investor(s) with no mandatory requirements to have a domestic partner. Wholly-owned subsidiaries in India work in a similar manner to Chinese WFOEs, with a few key distinctions.
Russian President Vladimir Putin has signed off a series of laws allowing Russian-controlled foreign offshore companies to be re-registered in offshore financial centers (OFCs) established in Russia’s Kaliningrad Region and Primorsky Territory in order to minimize the possible consequences of sanctions and political risks from foreign countries.
China has expressed interest in joining the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project, by building a link from Pakistan to China. This could act as alternative to Chinese plans to build a fourth China-to-Turkmenistan pipeline.
Driven by the growth in living standards, disposable income, foreign investment, and economy, Vietnam’s fast-moving consumer goods (FMCG) market is projected to grow by five to six percent in 2018, with rural areas growing faster than cities. In addition to retaining existing consumers, attracting new ones will continue to be a priority for FMCG brands.