San Francisco is a primary destination for foreign direct investment from Asia. With Asian Americans representing 33 percent of the population, more than 75 consulates, numerous foreign trade offices, and Sister City relationships with Osaka, Manila, Ho Chi Minh City, Seoul, Bangalore and Shanghai, San Francisco is uniquely positioned to leverage deep economic, cultural and academic ties with Asia.
SFAsia builds on the momentum of ChinaSF to tap opportunities in Southeast Asia, Japan, Korea and India. Created as a nonprofit, public-private partnership between the Mayor’s Office of Economic and Workforce Development (OEWD) and the San Francisco Center for Economic Development (SFCED), SFAsia works to spur economic growth in the San Francisco Bay Area by paving the way for Asian companies to locate, invest and grow in the city. SFAsia also serves as a bilateral bridge for San Francisco-based companies looking to expand in Asia.
Connect Your Business
For companies looking to locate or expand in San Francisco, SFAsia is a one-stop information, fast-tracking and networking resource:
- Site location assistance
- Tailored information on San Francisco region
- Facilitate key introductions
- Local and state incentive information
- Permitting and licensing requirements
We bring together key parties in the public and private sectors to create sustainable growth and build companies of the future. All services are confidential and free of charge.
Join Our Community
Download our brochure here or contact us directly to learn more about the benefits of working with SFAsia.
For information and assistance, please contact Vanessa Anthony, Director of SFAsia at firstname.lastname@example.org or 415.352.8860.
SFASia in the News
Indian Digital Economy has Big Potential
The Economic Times ǀ July 27, 2017
In their recent report, India has been categorized under the “Break Out” segment with strong potential in their digital economy. Fletcher School at Tufts University and Mastercard jointly launched Digital Index 2017, a research that tracks progress countries have in developing digital economies and integrating connectivity into lives of population. The research analyzed countries around four key dimensions: behavior, attitudes, environment, and experience. India, along with countries such as China, Kenya, Philippines, and Indonesia, were considered “Break Out” countries, characterized by their lower absolute values of digital advancement but great potential for growth and attraction to investors.
India has shown incredible progress towards an evolving payments landscape, especially with the government’s demonetization decision. Coupled with a changing payment culture, the government’s push to boost an acceptance of a cashless society makes India a great potential for digital economy. For more details, click here.
Vietnam’s Economy Shows Fundamental Strength
The Financial ǀ July 18, 2017
With its GDP expanding by 5.7% during the first half of 2017, Vietnam’s medium term outlook is looking positive. It’s core inflation has remained less than 2% and Vietnam’s strong domestic demand and export orientated manufacturing has driven its strong growing economy. A large amount of that growth is contributed to the service sector, which accounts for 42% of GDP. As domestic consumption grows, retail trade as well as industrial production continues to increase. Furthermore, Vietnam is also meeting its monetary policy balance growth and stability objectives consisting of low real interest rates and rapid credit growth (about 20%).
In the long run, Vietnam’s priority is to sustain growth momentum, solidify macroeconomic stability, and rebuild policy buffers. The longer term challenges Vietnam must face is to sustain its rapid growth and to decrease poverty. For more details on Vietnam’s economic growth in 2017, click here.
Duarte’s Philippines is the 10th Fastest Growing Economy in the World
Forbes ǀ June 20, 2017
According to the World Bank’s latest edition of Global Economic Prospects, the Philippines economy is expected to grow from twice the country’s long term growth at 6.5-7.5% in 2017, making it the 10th fastest growing economy in the world. To put it in perspective, from 1982-2017, Philippine’s annual GDP growth rate only averaged to 3.68%. Philippines’ growth is largely contributed to the stable macroeconomic environment characterized by low inflation and low debt to GDP ratio. This allows for healthy domestic demand growth. Furthermore, the Philippines has benefited from the revival of the Asian Pacific region with its exports rising 12.1% from a year ago. However, a major concern is that President Rodrigo Duerte’s government is getting more corrupt and less competitive, raising doubts as to whether this current growth is sustainable. To understand Philippines’ economic growth, click here.
S&P Expects Malaysia’s economy to grow over 4% up to 2020
The Star Online ǀ June 22, 2017
S&P Global Ratings forecasts Malaysia’s economy to grow over 4% between now and 2020 through its continual implementation of prudent budgetary and economic policies. Currently, Malaysia is experiencing strong external position and monetary flexibility which will balance its weaker debt position and moderate, but improving, economic development. This high rating is also based on its strong track record on growth performance, particularly in effectively managing the oil price shock in 2014 and 2015.
While exports of manufactured goods and growth in private consumption and investments is expected to drive an approximately 2.8% growth in Malaysia’s average real per capita GDP, it has a number of potential challenges. Upcoming political elections and corruption allegations pose as threats that can lead to economic instability. Nonetheless, S&P is confident in Malaysia’s economic resiliency, believe that these challenges will not materially impede policy flexibility and responsiveness. For a more information and for more details on S&P’s rationale, click here.
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