Tricor Insights - Top 5 challenges of doing business in Vietnam for US Companies

Top 5 Challenges of Doing Business in Vietnam for US Companies

Vietnam has been transitioning from the rigidities of a centrally planned, highly agrarian economy since the 1990s to a more industrial and market-based economy, which has raised income and quality of life substantially. Expanding gross domestic product (GDP), modern infrastructure and a dramatic increase in foreign direct investment (FDI) point to a thriving investment environment in Vietnam. In fact, it has been called Asia’s newest ‘tiger’ economy, following in the footsteps of Hong Kong, Singapore, South Korea and Taiwan.

Tricor Insights - Getting Ready for new ESG Reporting

Getting Ready for New ESG Reporting

The oil industry in 2010 was rocked by a major disaster: the explosion of Deepwater Horizon drilling rig owned by BP, the British multinational oil and gas company. Millions of gallons of crude oil gushed into the Gulf of Mexico, creating widespread water pollution and considerable destruction to the ecosystem. The environmental disaster did not only result in a disastrous fall of market value and stock price, but also a fine of 20.8 billion USD.

BVI Regulatory Roundup: Fintech Innovations & Enhanced Legislation

BVI Regulatory Roundup: Fintech Innovations & Enhanced Legislation

The British Virgin Islands (BVI) is one of the Caribbean’s foremost financial centers and a major player in the global offshore financial services industry. Furthermore, recent regulatory changes in BVI demonstrate the jurisdiction’s proactive approach to accommodating new technologies within the financial services industry and its agile response to market trends and demands with enhanced legislation.

Tips for successfully tapping the Asian market

Tips for successfully tapping the Asian market

From India to Indonesia, Asia is booming. According to the OECD, it will remain the world’s fastest growing region for at least another three decades. The burgeoning middle class is already reshaping the international economy: millions of newly empowered consumers are driving demand for digital innovations, luxury products and professional services. From hospitality to healthcare, Asia offers investors unprecedented opportunity.

Labuan: Southeast Asias business gateway in Malaysia

Labuan: Southeast Asia’s Business Gateway in Malaysia

Asia is the world’s most dynamic region, according to the IMF. Rising household incomes, new infrastructure projects and rapid modernization are all attracting a fresh wave of foreign investors. From traditional manufacturing to emerging digital economies, Asia offers unprecedented commercial opportunity.

Defining Data Privacy is The First Step to Protecting it in Asia

Defining Data Privacy is the First Step to Protecting it in Asia

In May 2018, the General Data Protection Regulation (GDPR) came into force across the European Union (EU). The law dictates how organizations should collect and protect the personal and sensitive data of individuals they monitor or serve in the EU. For CIOs in Asia, the GDPR presents an opportunity to proactively evaluate how their companies can enhance their data privacy protections.

Top 4 tips for Chinese companies going global

Top 4 Tips for Chinese Companies Going Global

Since 1999, China’s Going Global strategy has encouraged private companies to invest abroad. Currently, Chinese companies complete the most deals in Southeast Asia, Australia and the UK while the Belt & Road initiative (B&R) is helping to expand investment across Central Asia, Europe and Africa.