German Business Association - GBA’s Post

Headlining this week's CHC Newsflash: Japanese-based Mitsui & Co., Ltd. and ROHTO Pharmaceutical Co., Ltd. are close to acquiring a majority stake in Eu Yan Sang, according to Bloomberg, citing people familiar with the matter. In 2023, Bloomberg reported that a consortium led by Singapore’s Tower Capital Asia, which includes investment company Temasek and members of the founding family, were considering the sale of a majority stake in the TCM health & wellness company, valued at around US$800mn. Established more than 140 years ago and with its HQ in Singapore, Eu Yan Sang has an extensive distribution network, with 170+ retail outlets in the APAC region.   I've been a fan of this business since Richard Eu Yee Ming, the chairman of the company, gave a wonderful presentation at our very first Asia conference, held in Beijing almost 30 years ago. Eu Yan Sang began as a Chinese medical business in Malaysia more than 140 years ago and branched out to Hong Kong and then Singapore, where it is now headquartered. Those were the days! Richard and his team have updated the products and stores, skilfully balancing all that's good about TCM with a more modern approach to marketing and retailing. Not least, he and two cousins bought the business back from the third party to whom the 3rd generation of the Eu family had sold it. And now two leading Japanese companies are interested in taking this business over for a very substantial premium. Rohto is another company I admire and the chemistry between the various companies — assuming this deal goes ahead — and the wider availability of the Eu Yan Sang brand, should be magical.   Although there are similarities, TCM is by no means the same as VMS, so it is interesting to see that VMS is staging a revival in the Asia-Pacific region, as evidenced by CHC Insight Asia-Pacific's recent review of the category and the most recent trading results from by By-Health and Health & Happiness . As the CHC industry struggles to achieve organic growth, it is reassuring that its biggest sector by far in Asia-Pacific is scaling new heights. To read more of my thoughts on this and other key CHC headlines and developments, trial our combined news service by contacting Melissa #consumerhealthcare #CHC #CHCNewsflash #CHCNewDirections #Japan #AsiaPacific #Matsui #Rohto #EuYanSang #TCM #China #VMS

"Understanding the Mind of the Investor: Opportunities in Investing in ASEAN and EU" organized by Digital Pilipinas, investors and industry experts discussed the wealth of investment opportunities in two dynamic regions, ASEAN and EU. From investment bridges to startup ecosystems, from regulatory frameworks to innovation hubs, the panel discussion moderated by Amor Maclang, Convenor of Digital Pilipinas and Co-founder of GeiserMaclang Marketing Communications Inc, delved into the potential of both regions for economic growth and prosperity. The esteemed panel of speakers including Vanessa Pastor Ledesma, Special Advisor for ASEAN Trade Programs for Digital Pilipinas; Jaime Gooi, Managing Director at Intergentium Asia; Diego Vinal, Senior Partner at AVCO Europe; Anton Mauricio, General Manager of the National Development Company (NDC); Jerahmeel Chen, Chief Innovation Officer of NDC; Franco Varona, Managing Partner at Foxmont Capital Partners; Steve Tsao, General Partner at Yolo Investments; shared their invaluable insights on investment prospects across ASEAN and EU. This roundtable is one of the events leading up to the Digital Pilipinas Festival Year 2 happening on November 20-24, 2023 at SMX Aura and in various co-located venues and innovation hubs across the country. The festival supports the push for more investments in the country alongside national line agencies. Anticipated to be the biggest gathering of industry leaders and country delegations, the festival aims to set new benchmarks for collaborative progress. Join us and get front-row access to all things ASEAN and beyond at the Digital Pilipinas Festival Year 2! Mark the dates on your calendars and register here: https://lnkd.in/gK38-evA #DigitalPilipinasFestival #DigitalPilipinas #GeiserMaclang With -Amor Maclang

🥇 Denmark, #1 Nordic investor in France in 2023 🏆 With 50 investment decisions in France in 2023, Denmark leads the Nordic investments for the 3rd year in a row.  For the 1st time, Denmark is also the leader in terms of jobs generated by these investments reaching the record number of 988 jobs created or maintained. Denmark's results have been boosted by the opening of new retail stores, 37 projects generating 467 jobs. Major Danish players #ChooseFrance to develop their activities abroad, benefiting from a #business-friendly environement. 🪟 VELUX, invests €40 million to increase its production capacities. Its site in Bourgogne Franche Comté will become one of the main production platforms for VELUX roller shutters in Europe. 💊 Novo Nordisk, will more than double the footprint of its existing pharmaceutical production site in Centre-Val de Loire thanks to a €2.1 billion investment. As part of #France2030 Health Innovation Plan, the country is making the expansion of its #medecine production capacity a priority. In this context, foreign investors are playing a key role in achieving France’s ambitions.  ➡ If you are a Danish company interested in joining the other Nordic investors who chose France, please contact our inward invest manager Victor Klein. Ambassade de France au Danemark 🇫🇷 - Service Economique Régional de Stockholm

RECAP: Successful Vietnam Roadshow with JP contagi organized by AHK Vietnam in collaboration with IHK Stuttgart and IHK Hannover. Last week JP contagi Asia was grateful to become the only speaker regarding Vietnam Human Resources Updates among other delegates. The events were hosted by AHK Vietnam and associated with: IHK Stuttgart Workshop: Wednesday 6th December 2023 IHK Hannover Workshop: Friday 8th December 2023 KEY TAKEAWAYS: 1. Investment Magnets: Participants gained a deeper understanding of Vietnam's investment-friendly policies and the various attractive opportunities of doing business, the richness of skilled and well-educated local labor force in Vietnam and more and more business attractions. 2. Strategic Advantage: The strategic geographic location of Vietnam took the spotlight, emphasizing its pivotal role as a gateway to diverse Southeast Asia markets. Plus, the diversity of industrial parks in Vietnam offers diversified options for those who wants to operate the factories in the golden land. 3. Exclusive Factories Visit: JP contagi Asia and other delegations gained abundant insights, company history and the business model from Karcher and Phoenix Contact. The visitors had the privilege of exploring the inner workings of industrial parts and an up-close look cutting-edge manufacturing processes, technological innovations, and sustainable practices. A heartfelt thank you to all delegates and a huge appreciation to the afford of AHK Vietnam, IHK Stuttgart, and IHK Hannover to make it happen successfully. JP contagi Asia is an owner-managed executive search consultancy focused on #SMEs and global corporates. In addition to Europe (4 offices in #Germany and #Switzerland), we operate primarily in #Asia, with locations in #vietnam, #china, #singapore, #thailand.

Currently at SALT iConnections Asia 2023, Singapore, with our Zagga Singapore team, hearing the experts confirm the demand for alternative investments. This is good news and perhaps not surprising, considering the upsurge demand for greater portfolio diversification and defensive returns. Interesting to hear Australia singled out for favourable mention by the speakers. Stefan Singer Michelle M. Zagga Group Australia #SALTiConnectionsAsia #iconnections #SALTAsia #SALTiConnectionsAsia23 

RECAP: Successful Vietnam Roadshow with JP contagi organized by AHK Vietnam in collaboration with IHK Stuttgart and IHK Hannover. Last week JP contagi Asia was grateful to become the only speaker regarding Vietnam Human Resources Updates among other delegates. The events were hosted by AHK Vietnam and associated with: IHK Stuttgart Workshop: Wednesday 6th December 2023 IHK Hannover Workshop: Friday 8th December 2023 KEY TAKEAWAYS: 1. Investment Magnets: Participants gained a deeper understanding of Vietnam's investment-friendly policies and the various attractive opportunities of doing business, the richness of skilled and well-educated local labor force in Vietnam and more and more business attractions. 2. Strategic Advantage: The strategic geographic location of Vietnam took the spotlight, emphasizing its pivotal role as a gateway to diverse Southeast Asia markets. Plus, the diversity of industrial parks in Vietnam offers diversified options for those who wants to operate the factories in the golden land. 3. Exclusive Factories Visit: JP contagi Asia and other delegations gained abundant insights, company history and the business model from Karcher and Phoenix Contact. The visitors had the privilege of exploring the inner workings of industrial parts and an up-close look cutting-edge manufacturing processes, technological innovations, and sustainable practices. A heartfelt thank you to all delegates and a huge appreciation to the afford of AHK Vietnam, IHK Stuttgart, and IHK Hannover to make it happen successfully. JP contagi Asia is an owner-managed executive search consultancy focused on #SMEs and global corporates. In addition to Europe (4 offices in #Germany and #Switzerland), we operate primarily in #Asia, with locations in #vietnam, #china, #singapore, #thailand. Björn Koslowski Martin Tjan Dr. Marcus Wittner Kim Tuyen Nguyen

THE INAUGURATION CEREMONY OF NIC HOA LAC AND THE PATH TO INNOVATION This morning, I had the privilege of attending the inauguration of the National Innovation Center (NIC) in Hoa Lac, Vietnam. This event marked not only the birth of a national innovation hub but also symbolized Vietnam's unwavering commitment to propel economic growth through science, technology, and innovation. The NIC, under the Ministry of Planning and Investment, was established in accordance with Decision No. 1269/QD-TTg dated October 2, 2019, by the Prime Minister. Its primary mission is to foster the ecosystem of innovation and entrepreneurship, thus contributing to reshaping our growth model through the development of science and technology. The NIC has some pivotal tasks on its agenda. It aims to help businesses access resources for innovation, cultivate an ecosystem for innovation and startups, nurture high-quality tech talent, and bolster the network of innovation in Vietnam. This holistic approach demonstrates the NIC's dedication to driving economic development with innovation at its core. The inauguration of NIC Hoa Lac has profound implications. It signifies more than just the establishment of a space for innovation. It stands as a beacon of Vietnam's determination to achieve sustainable and accelerated growth by leveraging science, technology, and innovation. It sets the stage for building an independent, self-reliant economy and successfully advancing our industrialization and modernization efforts. This event is more than a celebration; it's a milestone that reflects Vietnam's rising role on the map of innovation and creativity, both regionally and globally. The NIC Hoa Lac and the innovation exhibition encapsulate the spirit of progress and showcase Vietnam's commitment to shaping the future through technology and innovation. #Innovation #Vietnam #NIC #Future #EconomicGrowth

🎯🇩🇪 GERMAN INVESTORS EYE VIETNAM’S POTENTIAL IN 2024 📈How #Germany is transforming its investment landscape in #Vietnam: An exclusive interview between the Vietnam Investment Review, and former GBA Co-Chairmen Mr. Elmar Dutt and Mr. Torben Minko. They reveal their thoughts and perspectives on the recent changes and opportunities in the German #FDIs scene in Vietnam. 🚀The trend of German investment in Vietnam is expected to grow in 2024, supported by the high-level visit of President Frank-Walter Steinmeier in January. Vietnam has emerged as a major #manufacturing hub, particularly in industries like #electronics, #textiles, and #automotives. German businesses have been actively involved in these sectors, taking advantage of Vietnam’s competitive labour costs and export-oriented policies. 💰As of 2023, Germany was the 17th biggest investor in Vietnam, with 463 projects worth $2.68 billion. Nearly 500 German companies operate in Vietnam, mostly in the south, but also in the north and central regions. 💪Some of the prominent German investors include Bosch Vietnam, STADA Group, B. Braun Group, Messer Hai Phong, Magnetec Group, tesa, DRÄXLMAIER Group, Wendler Interlining Group, OKE Group GmbH, and LEONHARD KURZ. 👉 Check out the full article in English & Vietnamese here>>> https://bit.ly/3OQawJp

In a recent roundtable focused on "Understanding the Mind of the Investor: Opportunities in Investing in ASEAN and EU" organized by Digital Pilipinas, investors and industry experts discussed the wealth of investment opportunities in two dynamic regions, ASEAN and EU. From investment bridges to startup ecosystems, from regulatory frameworks to innovation hubs, the panel discussion moderated by Amor Maclang, Convenor of Digital Pilipinas and Co-founder of GeiserMaclang Marketing Communications Inc, delved into the potential of both regions for economic growth and prosperity. The esteemed panel of speakers including Vanessa Pastor Ledesma, Special Advisor for ASEAN Trade Programs for Digital Pilipinas; Jaime Gooi, Managing Director at Intergentium Asia; Diego Vinal, Senior Partner at AVCO Europe; Anton Mauricio, General Manager of the National Development Company (NDC); Jerahmeel Chen, Chief Innovation Officer of NDC; Franco Varona, Managing Partner at Foxmont Capital Partners; Steve Tsao, General Partner at Yolo Investments; and Mica Tan, CEO of the MFT Group of Companies shared their invaluable insights on investment prospects across ASEAN and EU. This roundtable is one of the events leading up to the Digital Pilipinas Festival x Philippine Fintech Festival Year 2 happening on November 20-24, 2023 at SMX Aura and in various co-located venues and innovation hubs across the country. The festival supports the push for more investments in the country alongside national line agencies. Anticipated to be the biggest gathering of industry leaders and country delegations, the festival aims to set new benchmarks for collaborative progress. To register for the festival, please visit https://lnkd.in/gK38-evA #DigitalPilipinas #DigitalPilipinasFestival #PhilippineFintechFestival #GeiserMaclang with Amor Maclang | Mica F. Tan | MFT Group of Companies

FemTech Association Asia and Milieu Insight released their 2024 report: "𝑰𝒏𝒔𝒊𝒈𝒉𝒕𝒔 𝒊𝒏𝒕𝒐 𝒕𝒉𝒆 𝑭𝒆𝒎𝒕𝒆𝒄𝒉 𝑳𝒂𝒏𝒅𝒔𝒄𝒂𝒑𝒆 𝒊𝒏 𝑺𝒐𝒖𝒕𝒉𝒆𝒂𝒔𝒕 𝑨𝒔𝒊𝒂" This groundbreaking report delves deep into various facets of femtech adoption, awareness, and attitudes across six key countries in Southeast Asia: Indonesia, Malaysia, Singapore, Thailand, The Philippines, and Vietnam. This comprehensive study encompasses a wide array of topics including the first ever quantified measure of consumer value for FemTech for each of the included markets.   🔍 𝗪𝗮𝗻𝘁 𝘁𝗼 𝗴𝗲𝘁 𝗶𝗻𝘁𝗼 𝘁𝗵𝗲 𝗱𝗲𝘁𝗮𝗶𝗹𝘀? Download the report here https://lnkd.in/g95cAJPW