Chapter 4 Investment Climate Study of ASEAN Member ... - ERIA

Table 4.2. Investment Climate in ASEAN 10 Economies in 2009: The Number of Incidents by Category and CountryBruneiCambodiaIndonesiaLaosMalaysiaMyammarPhilippinesSingaporeThailandViet NamTotal(a) The number of Japanese affiliates in each country 1 10 659 6 759 10 419 991 1,577 332 4,764Share bycategory(b) Issues to be solved for FDI liberalization and facilitationFDI liberalization 0 0 17 0 11 8 10 1 19 8 74 20%i) Restrictions on foreign entry 0 0 10 0 5 2 7 0 8 3 35 10%ii) Performance requirements 0 0 3 0 3 0 0 0 3 2 11 3%iii)Restrictions on overseas remittances and controls on foreigncurrency transactionsiv)Restrictions on the movement of people and employmentrequirements0 0 2 0 1 6 2 0 5 2 18 5%0 0 2 0 2 0 1 1 3 1 10 3%FDI facilitation 0 14 51 4 44 20 42 6 50 58 289 80%v)Lack of transparency in policies and regulations concerninginvestment (institutional problems)0 5 13 0 13 8 7 0 12 18 76 21%vi)Complicated and/or delayed procedures with respect toinvestment-related regulations (implementation problems)0 3 23 1 14 7 16 0 24 19 107 29%vii) Insufficient protection of intellectual property rights 0 0 1 0 2 0 3 0 1 1 8 2%viii)Labor regulations and related practices excessively favorableto workers0 0 2 0 5 0 10 3 3 4 27 7%ix)Underdeveloped infrastructure, shortages of human resources,and insufficient investment incentives0 6 9 3 8 5 6 3 9 13 62 17%x) Restricted competition and price controls 0 0 3 0 2 0 0 0 1 3 9 2%Total 0 14 68 4 55 28 52 7 69 66 363 100%Data source: authors' calculation, based on Toyo Keizai (2008) for (a) the number of Japanese affilates abroad and JMC (2009) for (b) the issues to besolved for FDI.Note: Japanese affiliates aborad are here defined as those with Japanese ownership of no less than 10%.196