Malaysia has been praised for its political and economic stability, which is essential for businesses. The country has a strong legal system that provides certainty and predictability for businesses.
Malaysia's location has long made it an important cultural, economic, historical, social, and trade link between the islands of Southeast Asia and the mainland.
Malaysia has experienced healthy economic growth during the past decade. Exports account for more than 65 percent of the country's GDP and for a significant share of its labor market. Principal exports include consumer electronics, petroleum, chemicals, and palm oil. (Information and Photo Credit to Google Source)
Vietnam’s shift from a centrally planned to a market economy has transformed the country from one of the poorest in the world into a lower middle-income country.
Vietnam now is one of the most dynamic emerging countries in East Asia region.
Vietnam is a fast growing technology and manufacturing hub. A large population, low labor costs, and strong industrial base makes Vietnam the fastest growing country in Asia. (Information and Photo Credit to Google Source)
Thailand has a mixed economy with the major economic sectors being agriculture, manufacturing, tourism, service and natural resource. Its GDP in 2019 was 16,879 billion baht. Its economic growth sectors include tourism, automotive and food manufacturing, which are supported by its well-developed transportation system, infrastructure and communications systems.
A leading exporter of rubber, Thailand also exports crops such as rice, vegetables and fruits. It is also famous for its livestock exports, as well as exports of freshwater fish and marine fishery. Its industrial exports include agro-industry, textile, electric appliance and automobiles. Important natural resources like limestone, gypsum, glass, sand, marble, tin and natural gas also contribute to the economy. (Information and Photo Credit to Google Source)
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