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Western tech firms will expand in South-east Asia

Monday, November 22, 2021

Significance

Although several countries, including Thailand and Vietnam, also have laws which restrict the internet -- and affect foreign tech companies through data localisation and other requirements -- Western companies are inclined to downplay this aspect of the region’s tech sector.

Impacts

  • The new US infrastructure plan, which has USD65bn earmarked for digital infrastructure investment, may dampen US tech investment overseas.
  • A potential US-South-east Asia digital trade agreement would not prioritise human rights.
  • US and Chinese firms will compete for cloud services contracts in the region.
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