Connect with us
CGIF-10th-Year-Anniversary

Economics

Thailand’s manufacturing ranking to fall behind Vietnam

Over the next five years, Thailand’s competitive manufacturing ranking will fall from 11th place to 15th, behind Vietnam, which will enter the top 10, according to Deloitte Touche Tohmatsu.

Avatar

Published

on

Over the next five years, Thailand’s competitive manufacturing ranking will fall from 11th place to 15th, behind Vietnam, which will enter the top 10, according to Deloitte Touche Tohmatsu.

Southeast Asia will be in the spotlight, while China is the most competitive manufacturing nation in the world today and will retain that rank five years from now, followed by Indonesia.

Nualjai Kittisrisomboon, head of manufacturing at Deloitte Southeast Asia, said yesterday that the “2013 Global Manufacturing Competitiveness Index” report showed that countries in Southeast Asia such as Singapore, Thailand, Malaysia and Vietnam were in the top 20 in the world.

Those countries in five years will climb to high places or maintain the same rank, especially Indonesia and Vietnam.

Vietnam Factory

Over the next five years, Thailand’s competitive manufacturing ranking will fall from 11th place to 15th, behind Vietnam

Indonesia, which this year is 17th, could be 11th, while India will be in second place, up from fourth now.Even though China and India remain prime manufacturing locations, in fact, producers are shifting focus to minority markets that are also the hubs of supply-chain production.

The 20th-century manufacturing stalwarts such as the United States, Germany and Japan will be challenged to maintain their competitive edge against emerging nations such as China, India and Brazil, the report said.The U.S. will sink to fifth from third, while South Korea will fall to sixth from fifth.Germany, ranking second, will drop to fourth behind Brazil, which will move up to third.Japan will fall out of the top 10 to 12th place.The plunge in the competitiveness of European countries will open up opportunities for Asia.

via Vietnam to surpass Thailand in manufacturing – The China Post.

Comments

Economics

96% of Foreign Investors still confident in Thailand says BOI

The Board of Investment of Thailand’s (BOI) latest survey, shows most foreign investors, estimated at 96%, are still confident in the country, and are willing to bring forward their investments.

National News Bureau of Thailand

Published

on

BANGKOK (NNT) – With the COVID-10 pandemic causing significant disruption around the world including in Thailand, the Board of Investment of Thailand’s (BOI) latest survey, shows most foreign investors, estimated at 96%, are still confident in the country, and are willing to bring forward their investments.

(more…)
Continue Reading

Economics

Thailand Tops Bloomberg’s Emerging Markets List

Bloomberg surveys show that analysts are penciling in high rates of growth next year for some of those that have been hardest-hit in 2020.

Boris Sullivan

Published

on

Thailand and Russia are well placed to be among the emerging-market standouts that could beat expectations next year, according to a Bloomberg study of 17 developing markets gauging their outlook for 2021.

(more…)
Continue Reading

Economics

COVID-19 pandemic wiped out 81 million jobs in Asia-Pacific countries

Some 81 million jobs lost as COVID-19 creates turmoil in Asia-Pacific labour markets, according to ILO report.

Boris Sullivan

Published

on

Drops in working hours due to the Covid-19 crisis have had a devastating effect on jobs and incomes in Asia and the Pacific according to a new report by the International Labour Organization (ILO).

(more…)
Continue Reading
Advertisement

Latest

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,413 other subscribers

Trending