Strength Through Diversification: Opportunities across Asia Pacific


Much of this growth has come as US- and European-based corporations continue to expand and diversify their operations within the region, though Chinese manufacturers also continue to expand their presence. The northern region of Vietnam, such as Hai Phong and Hanoi, has attracted strong investment from Chinese and Korean manufacturers given its close proximity as well as its strong geographical connectivity regionally and globally. However, investment to date, at the corporate level, is more incremental rather than wholesale transformation. Change in this way allows for continuity of operations at existing sites as well as more moderate capital expenditure requirements. foreign direct investment which are expected to reach at record peak in 2022 of USD223bn. The ASEAN bloc is fast establishing itself as major growth focus within the Asia Pacific, attracting healthy levels of



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