Philippines Under Duterte, China+1 Manufacturing in Vietnam – Asia Investment Brief
Our weekly round up of other news affecting foreign investors throughout Asia:
As the Philippines’ economy continues to experience robust growth, Grapevine Asia Partners assesses the opportunities and risks for foreign investors in the country under the administration of President Rodrigo Duterte.
South Asia is currently witnessing a rapid growth spurt, with a resurgence in investor interest despite the occasional geopolitical foible. India and Vietnam hold key positions in this region – on both trade and commerce as well as understanding on political and security issues.
Russia has begun making trades in cryptocurrencies, with trades beginning on a trial basis in Switzerland and an trade deal with Venezuela for Russian auto component parts being settled in Venezuela’s own national cryptocurrency, the Petro.
Iran’s Al-Quds Al-Arabi newspaper has reported that the Iranian government is planning to build a highway connecting Tehran with cities in Iraq, Syria, and Lebanon. The ambitious project, if it comes to fruition, is expected to serve as Tehran’s main transit route for exports.
Instead of abandoning the Chinese market, investors are choosing to supplement Chinese operations with low-cost Vietnamese inputs in a production model that has become widely known as China+1.
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