Southeast Asia overtook East Asia as the largest recipient subregion within “Developing Asia’s” total FDI inflows. Investment was concentrated in high-value sectors such as semiconductors, electronics, communications and renewable energy. Manila ranked sixth in Southeast Asia for FDI last year, capturing just US$9 billion of the region's US$244 billion investment haul. Vietnam followed with US$20.35 billion, ahead of Thailand and Malaysia with US $19.10 billion and US$15.39 billion respectively.
Vietnam wants to become an indispensable player in the physical layers underpinning artificial intelligence. The government plans to train 50,000 semiconductor engineers by 2030, launch a $100 million venture capital fund, increase public spending on science and technology, attract foreign investment, and secure domestic supplies of rare earth minerals. Vietnam is using economic statecraft to position itself within global value chains to fuel economic growth and sovereignty.
Southeast Asia overtook East Asia as the largest recipient subregion within “Developing Asia’s” total FDI inflows. Investment was concentrated in high-value sectors such as semiconductors, electronics, communications and renewable energy. Manila ranked sixth in Southeast Asia for FDI last year, capturing just US$9 billion of the region's US$244 billion investment haul. Vietnam followed with US$20.35 billion, ahead of Thailand and Malaysia with US $19.10 billion and US$15.39 billion respectively.
Vietnam wants to become an indispensable player in the physical layers underpinning artificial intelligence. The government plans to train 50,000 semiconductor engineers by 2030, launch a $100 million venture capital fund, increase public spending on science and technology, attract foreign investment, and secure domestic supplies of rare earth minerals. Vietnam is using economic statecraft to position itself within global value chains to fuel economic growth and sovereignty.