Investment regulation reforms and the removal of foreign-ownership caps in several industries may help spur capital investment as well as bolster confidence in the Vietnamese economy.
Asia Economy
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The current drive in Mongolia to promote growth and foreign investment appears likely to yield results, as a key breakthrough in a long-running dispute over the expansion of a mine will help act as a stimulus for a 10-year, $1bn sovereign issue in the coming months.
Recent attempts by the Central Bank of Myanmar (CBM) to reduce the use of dollars triggered an unexpected backlash in the form of dollar hoarding and black market trading, providing a timely reminder that managing the currency demands of a newly-opened economy is something of a learning curve.
Higher exports, supported by a robust industrial performance, took Vietnam’s GDP growth to a seven-year high in the first half of 2015, though trade imbalances and the risk of contagion from China remain a concern.
The investment board in Indonesia is ramping up initiatives to attract funds into the country as it launches a massive infrastructure programme designed to accelerate modernisation and promote growth.
With the year-end target launch of the ASEAN Economic Community (AEC) looming, Brunei Darussalam is moving to make its business climate more competitive via a raft of regulatory changes.