Malaysia is a continuous developing country, economic growth was mainly depends on manufactured export, which resulted in more and more foreign companies to invest and set up factories in Malaysia. Base on some research, Malaysia is the major producer and exporter of jewelry and gems in the world. There are some advantages for our company to set a production base and export base in Malaysia:
➢ Continuous Economic Growth: Malaysia has developed rapidly in recent years. Its export industry has developed very quickly. In 2011, Malaysia exported 227.19 billion US dollars, an increase of 14% over 2010. Among them, exports of manufactured goods industries are dominant. Our company produces gold jewelry and other kind of jewelry which also belong to manufactured goods industry. This can be one of the reason that why we choose Malaysia to be our production base and export base. Base on some research, Malaysia is the major producer and exporter of jewelry and gems country. Last year, Malaysia’s gold jewelry exports amounted to 1.9 billion ringgit, which resulted in becoming the second largest country for exporter of gold jewelry, after Italy. As the table showed below:
We can see from the table, the exports of precious gems and jewelry are continue
to grow from 2005 to 2007. Our company believed that this growth trend will be continues increasing in the future. With multi-ethnic cultural characteristics and superb craftsmanship, Malaysia occupy a certain advantage in the international market of gold jewelry.
➢ Relatively low inflation rate: Malaysia’s economic has developed very fast, at the same time the inflation rate maintains at a relatively low level. According to some database, Hong Kong’s inflation rate was as high as 6.7% in 2012. Malaysia's inflation rate was only 1.3% in September 2012, at the lowest level in the Southeast Asian economies. Relative to the high inflation rate in Hong Kong, this is...