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Asean

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Singapore’s UOB completes acquisition of Citigroup’s retail banking in Malaysia and Thailand

Once completed, the acquisition is expected to double UOB’s existing retail customer base in the four markets to 5.3 million customers and add 5,000 people to its team strength.
An Introduction to Vietnam’s Import and Export Industries

Vietnam’s GDP rises by 13.67% in Q3 led by U.S. exports

Vietnam’s economic growth is being led by exports to the U.S., which in the January-September period expanded 25.4% from the same period of 2021.

Lockdowns and Salaries Rise: Footwear Manufacture Shifts from China to Vietnam

While global demand for footwear is growing, Vietnam’s footwear industry is likely to benefit as manufacturers leave China in search of lower labor costs and greater international market access.

Why Apple is Looking to Vietnam to reduce its reliance on China

Currently, more than 90 percent of Apple devices, such as iPhones, iPads, and MacBooks, are made in China. Experts suggest that Apple’s heavy dependence on China brings potential risks, especially when the US-China trade war shows no signs of de-escalating.

Global Woes Cast Shadow over ASEAN+3 Growth

The continuing strict dynamic zero-COVID policy and real estate sector weakness in China and potential recessions in the United States and the euro area are weighing on the region’s outlook.