HK Economy- Highlight
20 Nov 2017
Uncertainty abounds over the implications of Brexit on trade and investment, leading different businesses to react differently in their preparation for the UK’s scheduled March 2019 departure. Pending concrete results from the ongoing UK-EU negotiations, Hong Kong companies are advised to thoroughly review the extent to which Brexit is going to impact on their overall business interests across the EU and take appropriate precautionary measures.
This report examines the consumer markets in five ASEAN countries – Malaysia, Thailand, Indonesia, the Philippines and Vietnam. It starts by providing an overview of ASEAN and findings of a survey of the middle class. This is followed by individual analyses of each ASEAN-5 consumer market in terms of the economic and retail market backdrop, retail channels, FDI rules, and country-specific survey results, alongside business opportunities.
The lighting market remains promising in 2018, according to the HKTDC survey conducted at the HKTDC International Lighting Fair 2017 (Autumn Edition) and the Hong Kong International Outdoor and Tech Light Expo 2017. The market for household lighting is expected to do well in the near future. LED products are likely to be popular items, while smart technology continues to facilitate the development of the lighting industry.