people live in ASEAN’s 10 countries
ABOUT
With rapid economic growth, young population and a fast-rising middle class, Southeast Asia presents a world of opportunities to companies, brands and investors of all types and sizes. Since the region consists of ten countries with vastly different political, social and cultural environments, Southeast Asia implies many operational challenges as well. This may improve as organizations like the Association of Southeast Asian Nations (ASEAN) and a growing number of international agreements transform the region into a more unified and competitive economic region.
QUICK FACTS
of Southeast Asia’s people are under 30, moving to cities and ready to buy.
PROS CONS
+ Dynamic growth region
+ Growing regional integration
+ Excellent production conditions
– Market fragmentation
– Infrastructure problems in some areas
– Environmental challenges
TOP EXPORTS
Electrical machinery and equipment
Mineral fuels, oils and products
Animal and vegetable oils
Rubber and rubber products
Personal vehicles
Plastics and plastic products
ASEAN INSIGHTS
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Vietnam became Japanese investors favorite market in ASEAN
With Japan becoming the most active investor in Vietnam, the Southeast Asian country became the number 1 investment choice of Japanese...
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Bright prospect for Vietnam’s leather and footwear industry in 2018
Because of China’s policy of reducing investment incentives in the leather industry to focus on high-tech industries instead, orders for...
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Vietnam to ratify CPTPP by the end of 2018
When the current US President Donald Trump entered the White House in January 2017, the future of Trans-Pacific Partnership (TPP), one of...
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The future of Vietnam’s textile and apparel industry
As one of the major contributors to Vietnam’s economic development, the textile industry maintains good growth with increasing orders and...
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