Dezan Shira & Associates’ Post

Southeast Asia presents a unique opportunity for businesses worldwide to expand and grow. This promising region consists of some of the world’s most attractive economies, including Vietnam, Indonesia, and Singapore.  A golden age of ASEAN? By increasing two-way trade and investment, Australia and the region will advance their mutual prosperity and security. 

🏆 ASEAN Economic Resilience Revealed: Who's Leading the Pack? Singapore, Malaysia, Indonesia - how do these economies stack up in resilience? Our index unveils the champions of economic adaptation, recovery, and shock resistance. See the full rankings in our ASEAN Economic Resilience Index. #ASEANeconomy #EconomicResilience #EconomicRankings #SoutheastAsia #PolicyInsights

VIETNAM AMONG SOUTHEAST ASIA’S FASTEST-GROWING ECONOMIES NEXT DECADE   📈 Southeast Asia's six leading economies, including #Vietnam, are projected to grow at an average annual rate of 5.1% over the next decade, according to the "Navigating High Winds: Southeast Asia Outlook 2024 – 34" report by the Development Bank Singapore (DBS), Bain & Company, and the Angsana Council.   🌏 Vietnam, along with Indonesia and the Philippines, is expected to lead this growth due to its export-oriented economy, diverse #FDI sources, competitive provincial dynamics, and high-quality workforce. Despite regional obstacles like protectionism and deindustrialization, Vietnam's strategic position and economic policies will be key to sustaining growth. 📊 To thrive in this market, businesses will need comprehensive analysis, investment insights, and expert consultations for partner searches. Our team at AHK Vietnam leverages extensive experience and a robust network to support German businesses in achieving their goals. 👉 Read the full report here: https://lnkd.in/g-aFX8vG   #VietnamEconomy #SoutheastAsiaGrowth #EconomicForecast #VietnamDevelopment #FDIinVietnam #EconomicReport #Vietnam2024 #GlobalBusiness #BusinessGrowth

SPOTLIGHT: The Philippines was among the fastest risers in a decade in the latest Global Innovation Index (GII) of the World Intellectual Property Organization (WIPO), moving up three places this year to 53rd out of 133 economies. The country was ranked 90th back in 2013. The Philippines’ 2024 ranking is also better than the Philippine government’s target of placing 54th this year under the Philippine Development Plan (PDP) 2023-2028. Under the PDP, the Philippines aims to rank 43rd in the Index by 2028. According to WIPO, “notable areas in which [the Philippines] excels are trade-related indicators, including high-tech exports (first globally), high-tech imports, creative goods exports and information communications technology services exports.” The GII ranks economies based on their innovation ecosystem performance and tracks global innovation trends. It guides policymakers and business leaders in unleashing human ingenuity, to improve lives and address shared challenges such as climate change. In this year’s National Innovation Day celebration last April, President Ferdinand Marcos Jr. encouraged the public to support the programs and initiatives of the government and private partners in empowering homegrown talents, inventors, scientists, and allied professionals to further advance innovation. “Together, let us champion the Filipino mindset for innovation, or #Filipinnovation, and cultivate a culture of excellence, of ingenuity, and creativity for the benefit of our people and for the sustained advancement of our beloved country,” President Marcos said. (“Spotlight” is a social media series by the Philippine Consulate General in San Francisco, featuring good news from the Philippines as well as the Filipino Community in the U.S. Pacific Northwest.) #PHinSF

🗞️ ECONOMIC & REGULATION NEWS 🗞️ Philippines, to be a Top Performer in the ASEAN 🇵🇭🌐 The Philippines is emerging as the top economic performer in the Association of Southeast Asian Nations (ASEAN), according to a recent analysis by HSBC Global Research. The country's robust economic growth, driven by strategic reforms and a favorable global trade environment, positions it for a significant leap in the regional economic landscape. 🙌🏻 Read full news here: https://lnkd.in/gpy6ff7b #CCIFP #EconomicNews #Philippines #ASEAN

Malaysia's Vision for ASEAN Economic Growth! At the recent 44th ASEAN Summit in Vientiane, Malaysian Prime Minister Anwar Ibrahim unveiled three key strategies to enhance regional economic growth as Malaysia prepares to chair ASEAN in 2025: ↪ Strengthening Regional Value Chains: By improving trade and investment linkages, we can unlock the full potential of Southeast Asia’s economic landscape. ↪ Enhancing Member Fundamentals: A focus on boosting the economic foundations of member countries will create a more resilient and robust ASEAN. ↪ Reinventing Economies: Emphasizing collaboration and leveraging each other’s strengths will help us adapt and thrive in a rapidly changing global environment. As intra-ASEAN trade remains underutilized, these strategies aim to elevate economic cooperation, particularly with the upcoming upgrade of the ASEAN Trade in Goods Agreement (ATIGA) set for 2025. Let's embrace this opportunity for collective growth and innovation! 💡🤝 https://lnkd.in/gkw86NEG #Shivz #ShivzSolution #ASEAN #EconomicGrowth #Malaysia #Trade #Innovation #Collaboration

Malaysia's Vision for ASEAN Economic Growth! At the recent 44th ASEAN Summit in Vientiane, Malaysian Prime Minister Anwar Ibrahim unveiled three key strategies to enhance regional economic growth as Malaysia prepares to chair ASEAN in 2025: ↪ Strengthening Regional Value Chains: By improving trade and investment linkages, we can unlock the full potential of Southeast Asia’s economic landscape. ↪ Enhancing Member Fundamentals: A focus on boosting the economic foundations of member countries will create a more resilient and robust ASEAN. ↪ Reinventing Economies: Emphasizing collaboration and leveraging each other’s strengths will help us adapt and thrive in a rapidly changing global environment. As intra-ASEAN trade remains underutilized, these strategies aim to elevate economic cooperation, particularly with the upcoming upgrade of the ASEAN Trade in Goods Agreement (ATIGA) set for 2025. Let's embrace this opportunity for collective growth and innovation! 💡🤝 https://lnkd.in/gkw86NEG #Shivz #ShivzGroup #ASEAN #EconomicGrowth #Malaysia #Trade #Innovation #Collaboration

#Singapore is playing a key role in supporting #SoutheastAsia's poorer economies, like #Myanmar and #Laos, to better integrate into regional trade, particularly in the digital sphere. By leading negotiations in two key digital #trade agreements, Singapore aims to foster a more inclusive region, potentially expanding markets and increasing demand for its goods and services. José-Antonio Monteiro, coordinator of the WTO’s 2024 World Trade Report, highlighted how regional prosperity drives demand for high-quality products, benefiting Singapore. The #ASEAN region is working on the world’s first Digital Economy Framework Agreement (#Defa), aimed at establishing a unified digital economy with harmonized rules. Expected to conclude by 2025, the agreement could enhance cross-border digital commerce and investments in digital #infrastructure, benefiting micro, small, and medium enterprises (MSMEs). The WTO also stressed that improving digital avenues could empower businesses, particularly women-led enterprises, and reduce economic risks through sustained growth. Singapore’s leadership could drive the region's digital transformation and economic convergence. Article from The Star Malaysia. Read more at the link below. Follow GTR Ventures now for more curated #tradetech insights! #GTRVentures #TradeJustGotSmarter https://lnkd.in/gUzW6Pd7

#ASEAN remains a bright spot in the global economy, with the region’s GDP expected to hit US$4.5t by 2030. To promote economic integration, connectivity and growth, ASEAN nations are partnering with each other in areas ranging from digitalisation to sustainability, while broadening trade and investment relations with the rest of the world. For example, the ASEAN Power Grid aims to create an integrated regional power grid system to drive decarbonisation efforts in #SoutheastAsia. Singapore and Malaysia have also advanced discussions on the Johor-Singapore Special Economic Zone (JS-SEZ) to enhance cross-border flows of goods and people so that both sides can mutually benefit. Learn how #Singapore can be a springboard for businesses to the ASEAN region. To understand the business landscape and opportunities in Southeast Asia, take a look at Enterprise Singapore’s market guides: https://lnkd.in/d49fUT4M Ministry of Trade and Industry (Singapore)

Vision 2040: Australia-ASEAN Trade Horizon At the ASEAN-Australia Special Summit 2024 in Melbourne, a promising future for economic growth was unveiled. Key Highlights: - Big Goals: Australia and ASEAN have set a target of achieving over $530 billion in trade by 2040. - Economic Strength: ASEAN is positioned as the world's 4th-largest economy with a robust annual growth rate of 6.3%. - Record-Breaking Trade: In 2022, ASEAN-Australia trade reached a historic high of $178 billion, surpassing trade with Japan, the US, and the EU. - Strategic Investments: Australia's investment of $2 billion aims to stimulate initiatives and foster stronger economic connections. - Shared Vision: Mr. Don Farrell, Australian Minister for Trade and Tourism, emphasizes the 50-year history of trust and partnership with Southeast Asia. At Prince Holding Group, we are inspired by the collaborative potential of such partnerships, reflecting our commitment to Cambodia's dynamic development. The countdown to 2040 is on.🌿 P.S. How do you rate the ASEAN-Australia trade potential on a scale of 1-10? #ASEAN #Australia #TradeGrowth #PrinceHoldingGroup #PHGReimagine Source: Khmer Times