Vision 2035 to Build Sustainable Economy Wawasan Brunei 2035 or Brunei Vision 2035, inaugurated by the government of Brunei in 2007, aims to transform the country with a focus on achieving international standards in education and skills development for its citizens. Achieving a better quality of life which is comparable to the world’s top ten… Continue reading Vision 2035 to Build Sustainable Economy
Land of Riches & Zero Income Tax Negara Brunei Darussalam (State of Brunei, Abode of Peace [Darussalam]),or just Brunei, is a small, equatorial sultanate along the northern coast of the island of Borneo in South-East Asia. The South China Sea lies to the north and on all other sides it is bordered by the Malaysian… Continue reading Land of Riches & Zero Income Tax
A tourism hub for history and heritage Cambodia has a lot on offer for tourists looking for history and heritage. Once the Khmer Empire and now officially the Kingdom of Cambodia, the country is famed for its rich culture and history. The Angkor temple is the largest religious monument globally, and a UNESCO World Heritage… Continue reading A Tourism Hub for History and Heritage
Textiles industry is a powerhouse The Cambodian textiles industry is one of the fastest growing in the world with Western and Asian countries establishing trade relations with it. Cambodia’s top goods exports are ready-made garments and footwear. It grew rapidly to become a powerhouse of the Cambodian economy, producing US$7.97BN of exports in 2019. Cambodia… Continue reading Textiles Industry Is a Powerhouse
Government focussed on reforms Recognizing that the real economic growth necessary to achieve the country’s developmental goals lies in the development of a healthy private sector, the Cambodian government has undertaken a reforms programme to promote private sector investment. As part of this programme, the Law on Foreign Investment in the Kingdom of Cambodia established… Continue reading Government Focussed on Reforms
Attractive as an investment destination Cambodia is emerging as an attractive trade and investment destination. Foreign direct investment FDI into Cambodia in 2023 at US$ 4.92BN, up by 22% from the previous year. FDI inflows from China reached US$860 million in the first 11 months of 2020, up a whopping 70 percent year-on-year. Given the strong indications… Continue reading Attractive as an Investment Destination
Cambodia: One of the fastest growing economies in the world Over the past two decades, Cambodia has undergone a significant transition, reaching lower middle-income status in 2015 and aspiring to attain upper middle-income status by 2030, according to the World Bank. Driven by garment exports and tourism, Cambodia’s economy sustained an average growth rate of… Continue reading Cambodia: One of the Fastest Growing Economies in the World
Government wooing business The government of Lao PDR is focused on creating a strong foundation for economic growth. Short, medium and long-term planning are key elements of this, with the 9th National Socio-Economic Development Plan (NSEDP) 2021-2025 guiding policy priorities across government in line with the country’s economic and development transformation targets. The plan is… Continue reading Government Wooing Business
Laos: High potential Located in the heart of ASEAN, the Lao People’s Democratic Republic (LPDR) or Laos has strong bilateral trade and investment ties with key economies in the region and beyond, leveraging on the establishment of the ASEAN Economic Committee (AEC), as well as ASEAN’s trade and investment partners. Laos has the strategic geographic… Continue reading Laos: High Potential
Vietnam’s imminent IT boom Vietnam’s status as a rising star has been further propelled by its handling of the pandemic. And while its trade balances, manufacturing prowess and social indicators have all been impressive, it is the information technology sector that has been shining the brightest. The communist state is in midst of an IT… Continue reading Vietnam’s Imminent IT Boom
