Investment Bodies in ASEAN Countries
The Brunei Economic Development Board is the central agency that provides the avenue for businesses to invest into the Brunei market. This is where BEDB provides all types of assistance that could help businesses and entrepreneurs to venture into this market. This includes initiatives, financial advice, incentives and others resources.
The MPRT of Brunei plays the role of the highest agency in the country which is tasked to improve the primary resources industries of Brunei. This includes sectors like agriculture, fisheries and forestry which Brunei is known to be very rich with. Besides that, MPRT handles the tourism industry as well.
BINA is the one-stop centre for businesses and investors who are looking to build or expand their businesses into the country of Brunei. This is where the agency becomes the first level to provide services in helping investors on regulations and related issues if they intend to set up operations in the manufacturing and other sectors.
BKPM is involved as the main centre for business and the government to coordinate and grow investments both within and outside Indonesia. The agency became a ministry in 2009 and is involved in promoting Indonesia as an ideal destination for foreign direct investments which include all types of initiatives and programmes.
CDC works closely with the Cambodian Investment Board and the Cambodian Special Economic Zone to grow the economy within the country. CDC is the highest authority that provides the regulations and policies for both private and public sectors in terms of investing in the various industries within the country of Cambodia.
The Investment Promotion Department under the Ministry of Planning and Investment is the agency responsible for providing assistance and support for investing into Laos. This is the first level centre that helps to promote Laos as an ideal investment destination while offering any support that businesses or parties require to venture into its market.
MIDA is the central agency in Malaysia which is responsible in providing all types of assistance and awareness campaigns to attract investments into Malaysia. It is related to chambers of commerce, financial institutions and run programmes across the world to invite foreign direct investors and other parties who are looking to expand their businesses into the country.
DICA is the agency involved in the handling all the issues related to company registrations and investments. It is the secretary to the MIC or Myanmar Investment Commission which manages applications for investments into the country both by local and foreign parties. Besides that, it provides help and assistance for businesses to register their companies.
This is the one-stop centre to find out everything to know about Myanmar. It is a useful resource to learn about the legislation and systems that Myanmar adopts and particularly useful for anyone looking to venture or expand their businesses into the countries. This includes news, current issues, common practices and others about the country.
BOI is the Philippines’ agency responsible to increase participation in terms of investments from both the local and foreign front. This is where BOI undertakes various programmes and events that can help elevate the current situation to provide a health marketplace and to strengthen the country’s economy via foreign direct investments.
The EDB is the government agency involved in ensuring that Singapore is known as a global business centre ideal for investments. The agency plans and formulate strategies to bring in investments from abroad while working with local agencies in policy input, regulations and other programmes to ensure a strong economy.
The MTI is the highest agency in Singapore which is in charge of all matters pertaining to the local trade and industries. It is involved in providing the platform for businesses and entrepreneurs to look for new opportunities, business areas and new sectors while ensuring sufficient human capital in all related areas.
Thailand’s BOI is the agency of the country that provides the platform to encourage investments both locally and internationally. It provides assistance in terms of information or incentives to attract more investments from businesses which covers areas like taxation, visa application, work permit applications as well as offering advice on related matters.
The Ministry of Planning and Investment Vietnam is the highest level agency which is in charge of all areas pertaining to investments and entrepreneurial issues of the country. It provides information and assistance on legislation, policies and guidelines while offering any support for businesses to set up their businesses in Vietnam.
The FIA is an extension of the Ministry of Planning and Investment of Vietnam where it is fully focused on attracting foreign direct investments into the country. This is where FIA puts in place all types of efforts involved to increase participation among businesses and to provide assistance where required to ease application for companies.