India’s FDI Performance, Vietnam’s Trade War Benefits – China Outbound
Our weekly round up of other news affecting foreign investors throughout Asia.
German investment in the 10 member states of the Association of Southeast Asian Nations (ASEAN) has been increasing steadily and has the potential to grow further in the coming years.
In the first part of this five-part article, we analyzed German investment in Brunei and Cambodia, and in the second part, we covered Indonesia and Laos. We next look at Malaysia and Myanmar.
India is among the world’s fastest growing economies and remains a top market for foreign direct investments (FDI) globally.
According to the Department of Industrial Policy and Promotion (DIPP), total FDI investments in India in the first nine months of fiscal year (FY) 2019 (April – December 2018) were approximately US$33.5 billion.
In late 2013, the President of China unveiled his plan to revitalize the ancient Silk Road trade route. This plan includes a land-based Silk Road Economic Belt (SREB) as well as a maritime Silk Road (MSR) that together are known as the One Belt and One Road (OBOR) Initiative.
However, China is not the only country that will benefit from this cooperation among Eurasian countries, and Chinese goods will not be the only merchandise transported on the route.
As the trade war between the US and China shows no signs of abating, Vietnam has progressively ramped up manufacturing, attracting foreign investors and increasing exports to the US.
The country’s real GDP climbed by 6.79 percent on the year during the first quarter of 2019 as per official government data. It also enjoyed the second strongest first quarter growth in the past decade, surpassed only by 7.45 percent in 2018. Exports to the US jumped by 26 percent on the year in the first year.
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