Thailand’s strategic location in the center of ASEAN means it has access to the bloc’s 600 million consumers within a 3,000km radius, bringing vast opportunities for cross-border trade and investments.
For the past five years, goods transportation by rail to Russia has been used intensively to meet the increased orders of Vietnamese exporters and importers, especially in the field of infant foods, beverages, footwear, and clothing.
Indonesia, Southeast Asia’s largest economy, ratified its membership in the Regional Comprehensive Economic Partnership (RCEP) on August 30, 2022, and becomes the latest country in ASEAN to ratify this trade agreement.
The ASEAN trade space with Russia has taken a hit during 2022, although ASEAN-Russia trade grew 34 percent in 2021, to reach US$20 billion, it will struggle to reach that this year.
2023 Foreign Investment in Thailand: Trends and Opportunities
Following where China has been spending and investing its Belt & Road Initiative capital can provide foreign investment (FDI) clues and reveal new opportunities in recipient countries.
Establishing a branch office in Thailand can be more complex, costly, and timely when compared to incorporating a private limited company. However, the advantage of a branch office is that it can be 100 percent foreign-owned.
New Requirements for MSME Franchise Holders in the Philippines
MSMEs in the Philippines are defined as businesses that employ between 10 to 200 workers and have asset sizes (excluding land) between PHP 3 million (US$56354) and PHP 10 million (US$187,866).
