Foreign investment into Bangladesh has soared in the last decade as the country has worked to improve its business environment. The country is already well known as a manufacturing colossus. It is the second largest garment-manufacturing country in the world after Mainland China, and has also emerged as an important manufacturing base for pharmaceuticals, finished leathers and shipbuilding.
Bangladesh commands a great advantage in its strategic location between the two giants of China and India, and also acts as a bridge between South and Southeast Asia.
The country's economy is growing at an astonishing pace. According to HSBC's recent report, "The World in 2030," Bangladesh is projected to be the fastest growing economy in the world by 2030.
Bangladesh's government is not sitting back. It aims to transform the country into a middle-income nation by 2021, and triple its current per capita income in the next decade.
Almost US$40 billion of Belt and Road-related investment has been pledged to the country. Hong Kong businesses have also been quick to react, having invested US$800 million in 150 projects in Bangladesh, making Hong Kong the country's eighth largest investor.
To help members understand more about the country, Consul General of Bangladesh Mehdi Hasan will give an update on the latest socioeconomic development, as well as prospective areas for investment and the incentives available.
Dewan Saiful Alam Masud will share with us his hands-on experience of doing business in the country, both in the textile and apparel industry, and in real estate investment. He is the CEO of DSA International Company, and General Secretary of the Bangladesh Metropolitan Chamber of Commerce Hong Kong.