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A recent update from the VGTI SEA - Victorian Government Trade and Investment Southeast Asia SEA highlighted several key developments that align perfectly with 𝗔𝘂𝘀𝘁𝗿𝗮𝗹𝗶𝗮’𝘀 𝗲𝘅𝗽𝗼𝗿𝘁 strengths. As Southeast Asian nations continue to expand their economies and modernise key industries, new avenues are opening for 𝗔𝘂𝘀𝘁𝗿𝗮𝗹𝗶𝗮𝗻 𝗲𝘅𝗽𝗼𝗿𝘁𝗲𝗿𝘀, which contribute over $𝟱𝟱𝟮 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 annually to the economy. 📌 𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀 𝗳𝗼𝗿 𝗘𝘅𝗽𝗼𝗿𝘁𝗲𝗿𝘀: ✅ 𝗔𝗦𝗘𝗔𝗡-𝗔𝘂𝘀𝘁𝗿𝗮𝗹𝗶𝗮 𝗣𝗮𝗿𝘁𝗻𝗲𝗿𝘀𝗵𝗶𝗽: Indonesia’s role as coordinator of the ASEAN-Australia partnership strengthens economic cooperation across multiple sectors. This presents new opportunities for 𝗔𝘂𝘀𝘁𝗿𝗮𝗹𝗶𝗮𝗻 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀𝗲𝘀 to tap into #ASEAN’s combined GDP of $𝟯.𝟲 trillion. ✅ 𝗚𝗿𝗼𝘄𝗶𝗻𝗴 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗚𝗮𝗺𝗲 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗶𝗻 𝗜𝗻𝗱𝗼𝗻𝗲𝘀𝗶𝗮: Indonesia, with over 90 million gamers, is set to make its gaming industry a key economic driver in Southeast Asia. Australia, home to a $𝟰 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 gaming industry, can provide technical expertise and form partnerships with Indonesian developers. ✅ 𝗘𝗹𝗲𝗰𝘁𝗿𝗶𝗰 𝗩𝗲𝗵𝗶𝗰𝗹𝗲 (𝗘𝗩) 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁: Indonesia will receive an $𝟭𝟭.𝟳 billion investment from BYD, a major China-based EV company. Australia, as the world’s largest lithium producer (accounting for 52% of global supply), is ideally positioned to supply critical minerals and support Indonesia’s EV ambitions. ✅ 𝗖𝗹𝗲𝗮𝗻 𝗘𝗻𝗲𝗿𝗴𝘆 𝗧𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻: Southeast Asian countries are rapidly shifting to renewable energy sources, aligning with the International Energy Agency (IEA)'s (𝗜𝗘𝗔) forecast that more than 𝟱𝟬% of global electricity will be generated by low-emission sources by 2030. Australia's $𝟮𝟮 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 clean energy sector can contribute expertise and technology to support this green transition. 📰 The Report Compiled By: Naïla Mazzucco I Cecilia Hou, MBA I Tanti AM Olivia I Ha Mai Global Victoria AustCham ASEAN AustCham Singapore Malaysia Australia Business Council (MABC) Indonesia Australia Business Council (IABC) Australian Chamber of Commerce Vietnam (AusCham) Australian-New Zealand Chamber of Commerce of the Philippines The Australian-Thai Chamber of Commerce (AustCham Thailand) Kirstyn Thomson I Betty Sun-Lucas I Helen Oh I Lauren Adams I Henry Camacho I Melanie Harris I Simon Forshaw I Elise Terrell I Rebecca Ball I Irene Tay I Omar Jouahri I Genevieve Theseira-Haese I Bianca Healey I Daniel Hall I Madison Cahill I Lauren U. I Lauren Adams I Rod Berryman I Fernando Martín I Cem Sinan #GlobalVictoria #AustraliaExportGrowth #SoutheastAsiaOpportunities #GlobalTrade #ExportInnovation #ASEANPartnership #CleanEnergyExports #DigitalEconomy #LithiumAustralia #TradeExpansion

25 July, 2024 Daily Market Report Chinese Ambassador believes Phnom Penh has the potential to become a key business hub in Indochina and ASEAN Chinese Ambassador Wang Wenbin has expressed confidence in Phnom Penh's potential to become a major business center and energy hub in Indochina and ASEAN due to its rapid development. During his visits to Cambodia, he was impressed by the city's economic and social progress. To Read More Reports: https://lnkd.in/gKRxSSvZ #YuantaSecurities #DailyMarketReport #CambodiaCapitalMarket

Brunei can play an important role in the connectivity pillar! This is my take with Prof Chang-Yau Hoon on how BIMP-EAGA can be instrumental in the age of uncertainties

Vietnam PM Targets $20 Billion In Bilateral Trade With India Both the countries should expand cooperation into new areas such as digital economy, transportation and renewable energy. In his recent visit to India, Vietnamese Prime Minister, Pham Minh Chinh said Indian businessmen have expressed interest in understanding and exploring investment opportunities in Vietnam. Both the countries should expand cooperation into new areas such as digital economy, transportation and renewable energy. He added, economic and trade cooperation can take bilateral trade to $20 billion. He proposed for a stronger OEA cooperation focusing on strategic infrastructure, including transportation, energy, digital, and climate infrastructure. Vietnam is the 23rd largest global trade partner of India and the fifth largest among ASEAN countries, with bilateral trade of $14.70 billion during 2022-23. Vietnam accounts for 11.2% of India’s total trade with ASEAN. Vietnam is an important destination for India’s iron and steel and agricultural and animal products, mainly meat products, animal fodder, cereals, and marine products, as per the Ministry of Commerce and Industry.

Africa is emerging as a global hub for manufacturing, with the continent’s industrial corridors providing great opportunities for investors. As governments prioritise industrialisation and the creation of sustainable supply chains, Africa’s manufacturing sector is poised to become a driving force in the continent’s economic transformation. Africa’s industrialisation efforts are fuelled by a combination of strategic investments, favourable government policies, and the expansion of the African Continental Free Trade Area (AfCFTA). Ethiopia, South Africa, Morocco, and Nigeria are leading the charge, developing industrial parks, special economic zones (SEZs), and export processing zones (EPZs) to attract foreign direct investment (FDI) and foster local entrepreneurship. Africa’s industrial corridors are supported by significant investments in transportation, logistics, and energy infrastructure. Major projects like the LAPSSET Corridor (Linking Kenya, Ethiopia, and South Sudan), the North-South Corridor (spanning South Africa, Botswana, Zimbabwe, Zambia, and the DRC), and the West African Growth Corridor are critical to connecting manufacturing hubs with regional and global markets. In addition, investments in energy are crucial for supporting the continent’s manufacturing ambitions. Reliable power is key to ensuring that industries can operate efficiently and competitively. Countries like South Africa and Kenya are making strides in renewable energy, reducing energy costs for industries and boosting their global competitiveness. The African Continental Free Trade Area (AfCFTA), the world’s largest free trade area by number of countries, is expected to be a game-changer for Africa’s manufacturing sector. By creating a single market for over 1.3 billion people across 55 countries, the AfCFTA will facilitate intra-African trade, reduce tariffs, and promote regional supply chains. This will allow African manufacturers to scale up production, access new markets, and compete more effectively on the global stage. For investors, this represents an unparalleled opportunity to participate in the continent’s industrial transformation, tapping into its vast markets and resources. The upcoming Manufacturing Indaba will bring together industry leaders, policymakers, and investors to discuss Africa's manufacturing potential. This important event takes place from the 22 – 23 October 2024 in Johannesburg, South Africa. To read the full article click on the link below or visit the WhyAfrica website, your one-stop-shop for on-the-ground information and business intelligence about Africa.   Image: Shout out to Rob Lambert from Unsplash   #whyafrica #whyafricaroadtrips #africa #manufacturing WhyAfrica African Continental Free Trade Area (AfCFTA) Secretariat   https://lnkd.in/dEPh9Bgg

💰 Money welcome 🎯 🇨🇳 Vietnamese Prime Minister Pham Minh Chinh has urged Chinese companies to invest in major projects in Vietnam and to include local companies in their supply chains. 🗝️ They should invest in sectors in which they have advantages, he said at a meeting with Chinese business executives on Tuesday. 🏆 Vietnam prioritizes innovation, digital transformation, renewable energy, smart cities, manufacturing, and transport infrastructure, he told them. "New projects should focus on developing a sustainable business model that includes Vietnamese businesses in the value and supply chains of regional and global corporations." 🗣️ The executives told him they value the Vietnamese market highly.Its investment and business environment is improving with the right development strategies, especially in its digital and green economies. 🔁 Trade between Vietnam and China quadrupled in the last 10 years to reach US$172 billion last year, according to the Ministry of Planning and Investment.China is the sixth largest foreign investor in Vietnam with over $27.6 billion in 4,400 active projects. 🔊 Chinh also called for increased economic linkages between the two countries, especially in building cross-border railroads and roads to increase trade. https://lnkd.in/dTY9UEhG

Recently Vietnam has been named world's most affordable place to live (🔝 topped fourth year in a row). The economical boom 💥 of Vietnam is really surprising yet it is backed by several major reforms. It is being said that soon it will be the biggest hub for major technology and manufacturing companies 🏭. Read more in this report: “Is Vietnam the Next China? A Rising Economic Powerhouse“ by Honey Kumar on Medium: https://lnkd.in/gB5sBZfF

SOUTH EAST ASIA ECON What’s more beyond posts & comments Well-educated, low-cost Vietnamese workers power a large part of global video game development. Highly-educated Thai workers are key to Thailand’s medical tourism exports. English-speaking Filipino workers support business process outsourcing. Hydropower from Laotian dams is exported across Southeast Asia. And Indonesia seeks to use its market share of global nickel to move into higher value processing. The electric vehicle industry is also in the spotlight as a potential new source of growth across Southeast Asia. Each country has a different pitch for the EV industry. Indonesia’s nickel is a key ingredient for one type of EV battery and Malaysia benefits from a deep electronics ecosystem. Thailand-led fossil fuel car manufacturing dominates the region and now Vietnam is home to Southeast Asia’s first US‑listed electric vehicle company, VinFast. 1 Mar 2024, Lowy Institute, AUSTRALIA

The trade agreement recently forged between #Norway and #India is a landmark in international trade dynamics, reflecting a strategic alliance with far-reaching implications. This agreement is pivotal, facilitating mutual growth in key areas such as maritime affairs, #energy, and technological innovation. Norway's prowess in renewable energy resources and sustainable aquaculture complements India's development objectives and ecological commitments. Furthermore, this partnership carries significant geopolitical implications, symbolizing the synergy between Norway's role as a global #mediator and India's status as an emerging #economic powerhouse. By prioritizing sustainability and forward-thinking practices, this agreement could serve as a template for future trade agreements, underscoring its importance and strategic value on the global stage. The historical ties between Norway and India are deeply rooted and multifaceted, encompassing #diplomatic, economic, and #cultural dimensions. Since the formal establishment of diplomatic relations in 1947, shortly after India's independence, both countries have actively engaged in fostering a collaborative relationship. Notably, Norway has been a significant #investor in India through its Government Pension Fund Global, and there has been a steady increase in bilateral trade, with a focus on sectors like maritime, energy, and seafood. In the realm of #education and #research, partnerships between Norwegian and Indian institutions have facilitated academic exchanges and joint research initiatives. The cultural ties are also evident through festivals like the 'India Festival' in Norway that celebrate Indian arts and culture. Furthermore, both nations have shown a commitment to addressing global challenges such as #climatechange and #sustainable development, often supporting each other's positions in international forums. This rich tapestry of historical ties continues to grow stronger, with both nations looking towards a #future of shared #prosperity and continued partnership. #Purpose driven & #Impact focused #entrepreneurship initiatives like SiriNor’s purpose to deliver true #zeroemissions #engines which will benefit our #planet by eliminating #greenhouse gas emissions from #aviation, will play pivotal role in shaping this #geopolitical corridor, serving as a dynamic force that drives #innovation and #economic growth to define future #civilization. ... read more ... https://lnkd.in/dWbrNn-8 https://lnkd.in/dkv-8_v7 https://lnkd.in/dPpBfQYX

Africa is emerging as a global hub for manufacturing, with the continent’s industrial corridors providing great opportunities for investors. As governments prioritise industrialisation and the creation of sustainable supply chains, Africa’s manufacturing sector is poised to become a driving force in the continent’s economic transformation. Africa’s industrialisation efforts are fuelled by a combination of strategic investments, favourable government policies, and the expansion of the African Continental Free Trade Area (AfCFTA). Ethiopia, South Africa, Morocco, and Nigeria are leading the charge, developing industrial parks, special economic zones (SEZs), and export processing zones (EPZs) to attract foreign direct investment (FDI) and foster local entrepreneurship. Africa’s industrial corridors are supported by significant investments in transportation, logistics, and energy infrastructure. Major projects like the LAPSSET Corridor (Linking Kenya, Ethiopia, and South Sudan), the North-South Corridor (spanning South Africa, Botswana, Zimbabwe, Zambia, and the DRC), and the West African Growth Corridor are critical to connecting manufacturing hubs with regional and global markets. In addition, investments in energy are crucial for supporting the continent’s manufacturing ambitions. Reliable power is key to ensuring that industries can operate efficiently and competitively. Countries like South Africa and Kenya are making strides in renewable energy, reducing energy costs for industries and boosting their global competitiveness. The African Continental Free Trade Area (AfCFTA), the world’s largest free trade area by number of countries, is expected to be a game-changer for Africa’s manufacturing sector. By creating a single market for over 1.3 billion people across 55 countries, the AfCFTA will facilitate intra-African trade, reduce tariffs, and promote regional supply chains. This will allow African manufacturers to scale up production, access new markets, and compete more effectively on the global stage. For investors, this represents an unparalleled opportunity to participate in the continent’s industrial transformation, tapping into its vast markets and resources. The upcoming Manufacturing Indaba will bring together industry leaders, policymakers, and investors to discuss Africa's manufacturing potential. This important event takes place from the 22 – 23 October 2024 in Johannesburg, South Africa. To read the full article click on the link below or visit the WhyAfrica website, your one-stop-shop for on-the-ground information and business intelligence about Africa.   Image: Shout out to Rob Lambert from Unsplash   #whyafrica #whyafricaroadtrips #africa #manufacturing Leon Louw African Continental Free Trade Area (AfCFTA) Secretariat   https://lnkd.in/dj9rHpPg