Asean draws $122bn in FDI in 2013: Report
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Asean attracted foreign direct investment (FDI) inflows exceeding US$122 billion in 2013 - about on par with those to China, accoding to the Asean Investment Report 2013-2014 released yesterday in Myanmar.
In the previous year, the FDI inflows were tuned at $114 billion, said the report prepared by Asean Secretariat and UNCTAD Division n Investment and Enterprise (DIAE) with financial support from the Australian Government through the Asean-Australia Development Cooperation Program Phase II (AADCP II).
This latest Asean Investment Report entitled “FDI Development and Regional Value Chains” highlights that growing corporate income and cash reserves of Asean companies further supported strong intraregional investment.
Launched at the 4th Asean Investment Forum, the report also provides analysis on the increasing regional value chains contributed by rising FDI. The regional value chains in Asean now involve more companies, more Asean countries, and a wider range of products and industries in the region. The report further illustrates how the regional value chains strengthen regional connectivity through production, investment, trade and business linkages, complementing the three pillars of Asean Connectivity of physical, people and institutional connections.
