Malaysia

The country would remain the only one with positive growth among five major economies in ASEAN, and its economic growth would rebound to 6.7% in 2021.

The government has changed its development strategy for the automobile industry, given the fact that it’s not feasible to produce one entire car in Vietnam.

In 2020, Vietnam’s GDP growth is set to hit 2.3% and then rebound strongly to 8% in 2021.

Amid global uncertainty, Vietnam continues to attract fresh FDI and remains an exception to a subdued private investment outlook of the Southeast Asian region in recent quarters.

The majority of firms are looking to invest in technologies and employee’s skill development during the Covid-19 pandemic.

Foreign investors are returning to the market with its net outflow narrowing from VND12 trillion (US$520 million) since its March bottom to VND1.8 trillion (US$78 million) as of mid-August.

Notes verbales, unsigned formal diplomatic communication, would largely ruin China’s legal position.

Competition to attract FDI in Southeast Asia would be fiercer in the coming time.

So far, five countries have raised voice over the US crystal clear position in the South China Sea.

The country is in need of superior reform solutions to ensure its business environment capable of competing with regional and international peers, said Prime Minister Nguyen Xuan Phuc.