FDI inflows into Southeast Asia have increased ninefold over the past two decades, with more than half of this going to Singapore, which tends to act as a regional hub for many investors. However, new "green" investment projects have experienced a serious decline since the start of the Covid-19 pandemic, which has not shown any signs of improvement. In the region, Vietnam and Indonesia have attracted the largest FDI inflows into the green sector over the past decade ($232-242 billion), followed by Malaysia and Singapore ($153-164 billion).
Governments in Southeast Asia devote much of their resources to attracting FDI in the hope of creating jobs. Green FDI projects generate an average of three direct jobs per million USD invested in the region (similar to the worldwide average), but the intensity of job creation varies considerably from country to country by the level of development and economic structure. Lower-income countries, such as Myanmar and Laos, as well as countries with abundant fossil fuel resources, such as Brunei Darussalam, tend to attract significant FDI in natural resource extraction and energy production, which creates relatively few direct jobs.
Emerging economies with diverse and solid industrial capacities, such as Vietnam and Thailand, create the most jobs per dollar of investment. Countries with highly skilled workforces, advanced industries, and relatively larger financial sectors, such as Malaysia and Singapore, attract FDI in high-tech products and services that are knowledge-intensive andrequire less labor. The high capital intensity of manufacturing FDI in Indonesia is driven by the metal and chemical industries, while the high labor intensity of FDI in the Philippines is mainly driven by business support services.
In addition to capital and employment, FDI has contributed significantly to sustainable development in Southeast Asia. Many foreign firms introduce significantly newer products and services than their domestic counterparts in most countries in ASEAN, and this greater capacity for innovation suggests that there is potential for knowledge and technology transfer to domestic enterprises
Foreign companies are also more likely to offer training opportunities to their employees, and the gap between foreign and domestic firms in many ASEAN countries is significantly larger than in the central countries. OECD or non-OECD average, suggesting that foreign firms contribute unevenly to job skills development in the region. By employing more women in their workforce in most ASEAN countries, foreign businesses also help improve gender equality in the workplace.
However, some economies have benefited more than others, and the benefits of FDI have not been felt equally across different sections of society. While FDI creates jobs and contributes to skills and living standards, it can also create risks of irresponsible and unsustainable business practices and exacerbate discontent. income equality, potentially leaving vulnerable segments of the population behind.
The contribution of FDI to green growth and decarbonization is not clear. In Indonesia and Thailand, for example, FDI performed worse than domestic investment in terms of CO2 emissions per unit of output, particularly in the mining, metals, and energy industries, in while in Vietnam and the Philippines, the carbon footprint of FDI is lower than that of domestic investment, especially in the energy and manufacturing sectors. The shift of FDI away from fossil fuels and towards renewable energy in Southeast Asia also lags behind other regions and varies considerably across regions.
In Laos and Cambodia, renewable energy has attracted more than half of new foreign investments in the energy sector over the past decade; however, fossil fuels still account for more than 88% of FDI in the energy sector in 6 ASEAN countries.
As in the case of other major crises, the Covid-19 pandemic has provided an impetus for ASEAN governments to review the fundamentals of their economic policy and reorient their priorities towards more resilience and sustainability. Promoting sustainable investment is an integral part of the ASEAN Comprehensive Recovery Framework (ACRF) and its implementation, defining broad strategies to respond to the crisis in a coordinated and long-term manner.
The challenge for governments is not only to attract foreign investors at a time when global FDI inflows are dwindling but also to ensure that the investment delivers sustainable benefits to the host economy. . Attracting investment and obtaining maximum benefits in terms of sustainability depends first of all on the overall policy framework in which the investment occurs. Policymakers need to maintain a healthy, transparent, and open investment environment and adopt policies that ensure the maximum benefits of FDI and minimize the potential harm to the economy. local society and environment.
Furthermore, targeted promotion tools and measures for responsible business practice (RBC) are equally important to a sustainable investment framework. This requires a whole-of-government effort, evidence-based policymaking, and meaningful stakeholder consultation.
Investment promotion agencies (IPAs) also need to align their strategies with government sustainability goals and adopt targeted indicators to select prioritized investments and measure outcomes. sustainability of FDI. In ASEAN, while Sustainable Development Goals are considered one of the top factors influencing IPA priorities, only three IPAs use sustainability-related indicators to measure impacts. of their activities.
Well-designed and targeted incentives can also be powerful tools for attracting FDI with sustainable value-added, especially investment that can contribute to a low-carbon transition; but existing incentive packages for carbon-intensive industries may reduce the effectiveness of green incentives.
Enabling RBC is an equally important part of the equation for governments to promote sustainable investment by creating favorable conditions for responsible investors, and improving their attractiveness to investors. invest in high quality and protect resources for the future. Investors with a robust RBC risk management framework are also better equipped to identify, assess, and address risks in their supply chain.
Source: Công Thương News
FAQs
A detail-oriented person makes an effort to focus on specifics and takes note of discrepancies. When answering this question, make sure to give specific examples of tools and techniques you use to stay organized. Example: "I use a variety of tools and strategies to make sure I stay on task during projects.
How do you say I am detail oriented? ›
Below are 20 synonyms for detail-oriented:
- Rigorous.
- Meticulous.
- Accurate.
- Thorough.
- Observant.
- Fastidious.
- Consistent.
- Precise.
Detail-oriented people pay close attention to the specifics of problems, questions, and projects. They're often observant, meticulous, and thorough, making them effective in various positions. They are able to identify and correct errors, plan and organize effectively, and are able to deliver high-quality work.
How do you explain attention to detail in interview? ›
Candidates with attention to detail craft their documents with a clear structure and are careful with grammar or spelling mistakes. You can also look for experience in working with tasks that require analytical and detailed thinking, such as proofreading and editing or advanced Excel skills.
Is attention to detail a good skill? ›
Excellent attention to detail is a crucial soft skill that can greatly impact job performance and career development. It involves being meticulous, organized, and vigilant in completing complicated tasks. Attention to detail can make a big difference in the quality of work.
How do you describe a detailed person? ›
A detail-oriented person exercises extreme attention to detail. They're thorough, accurate, organized, and productive. They seek to understand both the cause and effect of a situation.
How do you tell an employee to be more detail oriented? ›
How Can You Increase Employees' Attention to Detail?
- Observe. You can learn a lot about how your employees work simply by watching. ...
- Create a Work Guide. ...
- Make a List. ...
- Stick to a Schedule. ...
- Keep It Simple. ...
- Use a Peer-Support System.
Yes, I'm detail oriented. I'm typically careful and focused on little details in my personal life and work life. I don't let it slow me down, but I make sure minor details don't slip through the cracks or become forgotten, and I make sure my work is on time and error-free.
What are the strengths of a detailed person? ›
Habits & Skills of a Detail-Oriented Person
- All-Day Productivity. One of the reasons detail-oriented people are so good at their job is that they limit distractions. ...
- Remembering Small Details. ...
- Strong Organizational Skills. ...
- Spotting Mistakes. ...
- Consistent Review. ...
- Following a Routine. ...
- Timeliness. ...
- Preparedness.
When you are trying to show you are detail-oriented on your resume, be specific about what you have done that proves you are detail-oriented. For example, instead of merely saying “detail-oriented,” try including a statement like “analyzed data to check for errors and inaccuracies.”
synonyms for detail-oriented
On this page you'll find 26 synonyms, antonyms, and words related to detail-oriented, such as: careful, precise, thorough, exact, meticulous, and painstaking.
How do you say attention to detail as a skill? ›
Use action verbs that highlight attention to detail
To show attention to detail, you'll want to choose action verbs that demonstrate your capacity for being attentive, such as “organized”, “optimized”, “catalogued”, “monitored”, or “analyzed”.
What is a detail-oriented job description? ›
Being detail-oriented means paying close attention to all of the small particulars when working on a task or project. Detail-oriented employees complete each assignment as flawlessly as possible before moving to the next task. This means the projects they submit are usually high-quality work with little to no errors.
What does it mean to be detailed oriented? ›
The Definition of Detail-Oriented
The tendency to be accurate and thorough; usually related to catching and/or avoiding mistakes or to improving a system or experience.
What are the 5 fundamentals of attention to detail? ›
From there, Denny says you can improve your attention to detail by homing in on what he calls the Five Fundamentals: focus, interest, knowledge, systems and a right-or-wrong (RoW) attitude.
Why is attention to detail important in the workplace? ›
Developing strong attention to detail makes you more effective in the workplace, increasing your productivity and reducing the likelihood of error. Because attention to detail and quality of work are often closely linked, it is a skill that is desirable for companies.
What is an example of attention to detail in customer service? ›
This is paying attention to all of the details, which can include picking up on things in an email or a conversation, remembering important dates, giving a prompt response when a client emails or calls in, delivering high-quality work with few to (hopefully) no errors, etc.
What is strong attention to detail and analytical skills? ›
Key aspects of analytical skills
Having good attention to detail means that you are able to notice, retain, and keep track of details. This means that you can follow instructions correctly, avoid mistakes in your written work, and carefully evaluate complex problems. Your work will be done with accuracy and precision.
What is it called when someone is very detailed? ›
Someone who is meticulous pays extreme attention to detail. If that person is, say, your surgeon or your accountant, you'll definitely want them to be meticulous!
What is a character trait for attention to detail? ›
Attention to Detail
Detail-oriented people are meticulous in their work, they take the time and effort to ensure that their work is accurate, precise, and of high quality. They're achievement-oriented and aim for excellence in everything they do.
detailed
- accurate.
- complicated.
- comprehensive.
- definite.
- exact.
- exhaustive.
- intricate.
- meticulous.
To answer the question, "What are detail-oriented skills?", it can be helpful to understand the meaning of the term. Being detail-oriented means possessing the ability to accurately work on tasks and assignments with close attention to small particulars.
What is the advantage of being detailed? ›
People with high attention to detail are extremely organized. They like systems and processes and scorn clutter. Their physical spaces are set up for maximum productivity and performance. They leverage structure to their advantage: they don't waste time looking for things or information, they know exactly where it is.
Is detail-oriented a strength or weakness? ›
Being detail-oriented is typically a good thing, but if you're someone who tends to spend too much time on the specifics of a project, it could also be considered a weakness.
What type of person is detail-oriented? ›
What is a detail-oriented personality? Someone with a detail-oriented personality is meticulous and likes to have everything in order – otherwise, they can get very uncomfortable. The detailed person enjoys analyzing all the facts and information, making sure everything is correct and correlating all the known issues.
Is detail-oriented a good thing? ›
Detail-oriented skills are important in the workplace because they help you produce high-quality work accurately with limited supervision. Detail-oriented people are usually good with numbers, highly-organized and financially-responsible.
What is a word for keen eye for detail? ›
Some common synonyms of meticulous are careful, punctilious, and scrupulous. While all these words mean "showing close attention to detail," meticulous may imply either commendable extreme carefulness or a hampering finicky caution over small points.
Is attention to detail a leadership skill? ›
Being thorough is a crucial component of leader success. Research shows that people who are meticulous, detail-oriented, and well organized are more likely to be, not only better employees, but more effective leaders1.
What is a sample answer for detail oriented? ›
Example: "A detail-oriented person needs to be a good active listener and needs to have good organizational skills. That's why I make sure to always keep good notes, ask questions when I have them, and create guides and lists of my tasks.
What's a word for paying attention to detail? ›
Some common synonyms of meticulous are careful, punctilious, and scrupulous. While all these words mean "showing close attention to detail," meticulous may imply either commendable extreme carefulness or a hampering finicky caution over small points.
The big picture people tend to be creative, strategic, and visionary… but they can also be messy, disorganized, and forgetful. On the other hand, the details people are conscientious, planful, and exacting… but can lack perspective or fail to prioritize.
What's another way to say detail-oriented? ›
On this page you'll find 26 synonyms, antonyms, and words related to detail-oriented, such as: careful, precise, thorough, exact, meticulous, and painstaking.
What are detail-oriented skills? ›
Being detail-oriented means paying close attention to all of the small particulars when working on a task or project. Detail-oriented employees complete each assignment as flawlessly as possible before moving to the next task. This means the projects they submit are usually high-quality work with little to no errors.
What's another word for very detailed? ›
2 itemized, particularized; exhaustive, thorough, comprehensive.
What is a very detail-oriented person? ›
A detail-oriented person sees the bigger picture and then looks deeper to keep everything in focus. They use all kinds of important skills and tools to make this all happen, including time management and note-taking.
What does detail-oriented personality mean? ›
Detail-oriented people are meticulous in their work, they take the time and effort to ensure that their work is accurate, precise, and of high quality. They're achievement-oriented and aim for excellence in everything they do.
