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NEW UPDATES Asean Affairs   15 February  2016  

Indian group eyes Viet Nam as future market

Seven companies from Indian group Tata Sons plan to focus on Viet Nam and Myanmar as key markets, reported The Economic Times and International Business Times.

Viet Nam and Myanmar have growing economies, an expanding middle class and will enjoy positive impacts from recent trade deals.

These have made the two countries important destinations for firms looking to expand their operations in Southeast Asian markets.

The newspaper quoted as saying a spokesperson from the group that the demographics and economic development of the countries represent a market for several products and services.

Tata companies operating in power, construction, chemicals, automobiles and trade are exploring opportunities in Viet Nam and Myanmar .

Established in 1868, the Indian conglomerate conducts operations in more than 100 countries and territories worldwide, employing around 600,000 workers.

From 2014 to 2015, the group reached over US$108 billion in revenue.

Viet Nam is considered an attractive market after it signed the Viet Nam-EU Free Trade Agreement last December and the Trans-Pacific Partnership (TPP).

The country enjoyed economic growth of 6 per cent in 2014 and 6.7 per cent last year. - VNS

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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