SME Malaysia – July 2019

O

wing to the trade war between China and the US,

Vietnam has experienced a massive boost to its

economic growth. Researchers and analysts have

speculated that their economy could potentially surpass

Singapore if Vietnam can maintain this pace. Areas such as Can

Tho in Vietnam have seen impressive economic growth rates over

the past few years and is a prime location for the expansion of

agriculture and industry. As more businesses move out of China

into countries such as Vietnam; and more and more nations are

looking to Vietnam as an alternative source of imports.

VIETNAM COULD SURPASS SINGAPORE’S ECONOMY IN 10 YEARS

ESCALATING TRADE WAR COULD POTENTIALLY
BENEFIT CERTAIN COUNTRIES

W

ith the recent escalation in the China-US trade war, Asia is
beginning to feel the pressure. However, the trade war has
also presented some opportunities for certain countries to
benefit from. Thailand, for example, is already profiting from the
stand-off as the Chinese shift manufacturing and production to
Southeast Asia to escape escalating tariffs. A report by real-estate
services company CBRE shows a growing trend in FDI into Thailand
was occurring even before the trade war began. However, with
China’s increased participation, the growth is being accelerated.

MALAYSIANS UPBEAT ON PROPERTY

W

hile Malaysians are satisfied overall with government

approaches to bring affordable property to the people, the

majority still feel that a more targeted approach could be

taken to address this pressing gap in the property market, according to

the PropertyGuru Consumer Sentiment Survey H2 2018. The

sentiment comes amid widespread perceptions that property prices

remain high in the country.