Kuala Lumpur (VNA) – ASEAN economies and India have benefited from the supply chain diversification, primarily in textiles and electronics, according to Moody's Ratings.
In a statement on March 21, the global credit rating agency said the supply chain movements away from China to alternative neighbouring markets are so far limited despite US-China trade tensions.
"China's value chain dominance makes it difficult for producers to reduce reliance on Chinese inputs, although multinationals are progressing in shifting production closer to suppliers," it said.
However, trade and investment gains have been uneven with the US’ imports from ASEAN and India remaining low, making up around 9% and 3% of the North American country’s total imports in 2024.
Meanwhile, China is redirecting exports to ASEAN, Russia, and the European Union.
"Foreign investment flows mirror these shifts, with Vietnam and Malaysia emerging as key destinations for greenfield investment as China's share declines," Moody's said.
It also said that in October 2024, the US announced preliminary countervailing duties on solar cells imported from Cambodia, Malaysia, Thailand, and Vietnam, targeted primarily at Chinese-owned companies operating in Southeast Asia.
Moody's Rating said the growing dependence on China suggests an indirect impact of tariffs on ASEAN could be significant.
The rating agency noted that ASEAN and India would need to develop greater indigenous value-added capacity to increase competitiveness. This is because the absence of stronger domestic supply chains and improvements in trade policies remain the key challenges hindering faster development of new manufacturing hubs.
♚ It said enhancing investment attractiveness requires improvements in infrastructure, connectivity, and liberalisation of investment and trade policies to attract foreign direct investment (FDI)./.
According to the Lao Ministry of Agriculture and Forestry, the guidelines were launched at a meeting on implementing the Policy Guidelines on Agroecology Transition and linking to green finance, held in Vientiane on March 17 - 18.
Representatives from ASEAN member states and China reviewed mining collaboration and set future priorities at the 14th Liaison Officials' Meeting of the China (Guangxi) - ASEAN Mining Cooperation Conference.
This approach is vital for protecting the region from future shocks, including abrupt policy shifts in key markets like the US and the European Union, Malaysia Global Business Forum (MGBF) founding chairman Nordin Abdullah said in a recent interview granted to the press.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Talking to the Vietnam News Agency on the occasion of the 100th anniversary of the Vietnam’s Revolutionary Press Day (June 21, 1925–2025), Nikulina, who is also a veteran journalist of Russia’s Sputnik News, emphasised the vital role of mainstream journalism in defending the truth and maintaining public trust.
