According to United Nation’s Economic and Social Commission for Asia and the Pacific, Asia-Pacific has become the world’s most popular destination for foreign direct investment, taking in almost half of all spending globally in 2018.
With China being perceived by some investors to be losing its competitive edge due to increased labour cost and a stronger currency, foreign investment within Asia-Pacific has shifted to south-east Asian countries such as Vietnam, Indonesia and Thailand, which offer lower production cost and improved labour productivity.
In particular, Singapore has become the top destination for regional companies setting up headquarters and has begun to attract more FDI into its financial services sector.
Caroline pointed out that pragmatic regulation, especially on fund management and venture capital, has contributed to Singapore’s growth as a key investment hub across the south-east Asia region.
On the other hand, China – top source of foreign direct investment (FDI) within the region after Japan – has become an important investor into the rest of the region, accounting for nearly 20% of intraregional investment.
Read the full article here.
How can we help?
Important considerations when recruiting and hiring workers in other countries
23 Sep 2021
Companies have many reasons for hiring a small number of employees, or even just one, in a country where they don’t have an existing presence. They may want to test the waters in a new market or fill a need for specific…
FATCA and CRS compliance considerations
20 Sep 2021
Vistra enters into a Sale and Purchase Agreement with Newhaven Expands its Company Formation and Private Wealth businesses
16 Sep 2021
Why private equity firms need to understand legal entity formation requirements in carve-out deals
15 Sep 2021
Vistra enters into a Sale and Purchase Agreement with Leydin Freyer, doubles the size of Vistra’s operations in Australia
09 Sep 2021
Options for offering benefits abroad: EORs, NREs and legal entities
07 Sep 2021