Thailand is so far the biggest investor in Mon State, with Thai petroleum firm PTTEP having invested some $2.1 billion in an offshore gas field in the Gulf of Martaban.
Tag: FDI
Beyond China: Nation must diversify FDI
Over the past three decades (1988-January 2017) China has invested $19 billion in Myanmar, far more than any other country.
$2.8 bln power plant makes Japan Vietnam’s biggest foreign investor in H1
FDI is a major driving force behind Vietnam’s economy. Actual foreign direct investment flowing into Vietnam is estimated to have risen 6.5 percent in the first six months of 2017 from the same period last year to $7.72 billion.
China-Asean Economic Ties
East Asia’s economy is entering a new phase of uncertainties and challenges stemming from complex geopolitics, a weakened European Union (EU) after Brexit, domestic political unpredictability in the US and an economic slowdown in China.
To maintain economic dynamics, regional countries need to deepen and speed up social, economic and financial reforms. The region needs to continue promoting an open and inclusive regionalism.
Loose management of FDI blamed for environmental disasters
The mass fish deaths in the central provinces in April were believed to be caused by untreated waste water from Taiwanese Formosa’s plant have once again raised public anger.
Eight years ago, the public was stunned by the discovery that Vedan, also a foreign invested enterprise, discharged untreated waste water, turning the Thi Vai River in Dong Nai province into a dead river. The polluter then had to pay VND119 billion in compensation for the damages it caused to aquaculture.
Thailand’s transparency deficit: Haste makes waste on mega-projects
One of the country’s top bankers is stressing the need for faster action to transform Thailand into a hub for CLMV countries (Cambodia, Laos, Myanmar and Vietnam).
Kevin Tan, CEO of HSBC Thailand, was speaking during an interview on Vietnam’s increasing attractiveness to foreign investors. Vietnam’s gross domestic product grew a whopping 797 per cent between 1995 and 2014, from US$20.74 billion to $186.2 billion. Thailand’s GDP growth was sluggish in comparison, rising from $169.28 billion to $404.8 billion over the same period.
And with big names like Intel, Apple and Samsung now showing interest in Vietnam, it seems the times are against Thailand.