NAY PYI TAW, (Myanmar): Asean attracted foreign direct investment (FDI) inflows exceeding US$122 billion in 2013 and about on par with that of China.

It was also an increase from the US$114 billion in 2012, according to the Asean Investment Report 2013-2014 launched jointly by Asean and the United Nations Conference on Trade and Development (UNCTAD) at the 4th Asean Investment Forum (AIF) here yesterday.

This latest Asean Investment Report is titled,”FDI Development and Regional Value Chains (RVCS)”.

It highlights the continuing rise of FDI inflows into Asean which performed well among the developing regions.

Growing corporate income and cash reserves of Asean companies further supported strong intra-regional investment, it said.
The report showed that RVCs in Asean now involve more companies, – contributed by the rising FDI – more Asean countries, and a wider range of products and industries in the region.

It also illustrates how RVCs strengthen regional connectivity through production, investment, trade and business linkages. It complements the three pillars of Asean connectivity of physical, people and institutional connections.

The Asean Investment Report 2013-2014 was prepared under a technical cooperation arrangement between the Asean Secretariat and the UNCTAD Division on Investment and Enterprise (DIAE).– Bernama