Ready for ASEAN growth? ASEAN's economic growth is outpacing much of the world, with its GDP soaring by 30% from 2011 to 2021, compared to global growth of 23%. By 2030, ASEAN's GDP is projected to hit $4.5 trillion, with a population of 723 million. This dynamic region, particularly the ASEAN-5 (Malaysia, Indonesia, Singapore, Thailand, Vietnam), is fueling a consumption surge driven by urbanization, digital ecosystems, rising Tier 2 cities, high-value services, and robust export trade. Key insights: - ASEAN-5 constitutes 84% of ASEAN's GDP and 72% of its population. - Europe’s dependency on ASEAN imports increased significantly from 2013 to 2022. - ASEAN remains Europe's third-largest trading partner. For European businesses eyeing expansion, this growth translates to immense opportunities. Our expertise bridges the gap, helping companies thrive in East Asia's flourishing markets. #BusinessGrowth #ASEANEconomy #EastAsiaExpansion #EUtoAsiaTrade #ASEAN5 #GlobalTradeOpportunities #EmergingMarkets #DigitalEcosystems #Urbanization Connect with us to explore how we can help your business succeed in the thriving ASEAN market!
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Attention business owners worldwide! Tap the potential of ASEAN markets and fuel your business growth with reliable market research insights. ... The ASEAN region is a goldmine of opportunities waiting to be explored. The 3 primary reasons:- ↘ Rapid GDP growth: Many ASEAN countries have experienced impressive GDP growth rates in recent years, outpacing the global average. For example, Vietnam, Cambodia, and the Philippines have consistently achieved annual GDP growth rates of 6% or higher. ↘ Increasing foreign direct investment (FDI): The ASEAN region has become an attractive destination for FDI, with countries like Singapore, Indonesia, and Malaysia receiving significant inflows. This FDI has fueled economic growth and development in various sectors. ↘ Growing middle class: As economies in the ASEAN region develop, there has been a substantial increase in the size of the middle class. This growing middle class has higher disposable incomes, leading to increased consumption and demand for goods and services. With over 650 million consumers, ASEAN offers a diverse and dynamic market. Conducting market research before launching your business in ASEAN countries is crucial for your success & growth. It helps you understand consumer preferences and identity market opportunities, provides data by doing competitive analysis, and makes you aware of cultural considerations and Risk mitigation. For this, you need reliable participant recruitment services across ASEAN, ensuring you have access to the right people for your market research needs. Allow us to help you unlock the growth potential of ASEAN markets and make informed business decisions. #marketresearch #researchparticipants #aseanmarkets
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💥 Southeast Asia’s GDP Per Capita, by Country, April, 2024 🇸🇬 #1 Singapore Boasting a per capita GDP over $88,000, Singapore surpasses all other countries in the region. This figure places it among the world's richest nations. The 734 km² country has only 5.6 million residents and very few natural resources. However the country’s strategic location makes it a center for trade and commerce. 🇧🇳 #2 Brunei This is in sharp contrast to Brunei, Southeast Asia’s next richest country, with a per capita GDP of $35,110. Oil is vital to Brunei’s economy, making it wealthy yet vulnerable due to resource dependence, with oil and gas contributing half of its revenue. 🇲🇾 #3 Malaysia, 🇹🇭 #4 Thailand Two countries known for their large tourism sectors, Malaysia and Thailand rank third and fourth, at $13,310 and $7,810 respectively. 🇮🇩 #5 Indonesia Southeast Asia’s largest economy, and the world’s fourth-most populous country Indonesia, rounds out the top five with a GDP per capita of $5,270. 🇻🇳 #6 Vietnam Vietnam ranks sixth in the region with a per capita GDP of over $4,600. 📌Earlier, the ASEAN +3 Macroeconomic Research Office (AMRO) projected Viet Nam's economic growth to rise to 6 percent in 2024, higher than ASEAN's average rate of 4.5 percent. 👉Growth in Viet Nam will be led by the continued normalization of retail goods inventory in the U.S., the recovery of the global semiconductor market, and stronger demand from the EU. ———————————— Contact us for further information: ▶️Email: [email protected] ▶️Hotline: +84 933 574 688 ▶️Address: 133 Tran Trong Cung, Tan Thuan Dong ward, District 7, Ho Chi Minh City, Vietnam #InnoLabAsia #innovation #GDP #Vietnam #SouthEastAsia
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If ASEAN were a single country, its combined GDP would rank it as the world’s fifth-largest economy, poised to lead in economic expansion. The top six economies within ASEAN—Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam—account for 96% of the total ASEAN GDP, each comparable in population and economic scale to major global economies. With a population exceeding 605 million and a GDP of US$3.6 trillion, ASEAN offers substantial trade and investment potential, laying a robust foundation for significant growth opportunities. The region is increasingly favored by investors for foreign direct investment (FDI), signaling a notable shift in investor sentiment towards ASEAN. Find out more about how the ASEAN region is emerging as the economic powerhouse in our latest report: https://lnkd.in/g35YXZAY #yamadaconsultingandspire #yamadaspire #asean #economicexpansion #infrastructure #globaleconomies #geopoliticaltension #economicpowerhouse #investmentpotential #strategicpriorities #indonesia #malaysia #philippines #singapore #thailand #vietnam Ryosuke Funayama Leon Perera Go S. Japnit Singh Jeffrey BAHAR Aditya Sapru Tarek Elhousseiny Adnan Kaddoura Justin Lee Chi Nguyen Saurabh Sharma John Yam David L. Llamas Daniel Faricy yogi priyantoro Bambang Tobing Albertus Edy Rianto Lijo James Nhu Hua Ryo Takahashi Takafumi Kuramoto Sumie Mizugaki Windy Pradipta Prizzy Natacia Marie Teo Twinkle Khurmi
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ASEAN is an attractive region for the investors! With offices in multiple countries across the region, Y&S is collaborating with various investors to identify potential partners for M&A activities. Let's discuss deeper about the opportunities for your business! #BusinessGrowth #MergersAndAcquisitions #YS #businesspotentials #opportunities #marketunderstanding #marketsolutions
If ASEAN were a single country, its combined GDP would rank it as the world’s fifth-largest economy, poised to lead in economic expansion. The top six economies within ASEAN—Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam—account for 96% of the total ASEAN GDP, each comparable in population and economic scale to major global economies. With a population exceeding 605 million and a GDP of US$3.6 trillion, ASEAN offers substantial trade and investment potential, laying a robust foundation for significant growth opportunities. The region is increasingly favored by investors for foreign direct investment (FDI), signaling a notable shift in investor sentiment towards ASEAN. Find out more about how the ASEAN region is emerging as the economic powerhouse in our latest report: https://lnkd.in/g35YXZAY #yamadaconsultingandspire #yamadaspire #asean #economicexpansion #infrastructure #globaleconomies #geopoliticaltension #economicpowerhouse #investmentpotential #strategicpriorities #indonesia #malaysia #philippines #singapore #thailand #vietnam Ryosuke Funayama Leon Perera Go S. Japnit Singh Jeffrey BAHAR Aditya Sapru Tarek Elhousseiny Adnan Kaddoura Justin Lee Chi Nguyen Saurabh Sharma John Yam David L. Llamas Daniel Faricy yogi priyantoro Bambang Tobing Albertus Edy Rianto Lijo James Nhu Hua Ryo Takahashi Takafumi Kuramoto Sumie Mizugaki Windy Pradipta Prizzy Natacia Marie Teo Twinkle Khurmi
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Attention business owners worldwide! Tap the potential of ASEAN markets and fuel your business growth with reliable market research insights. ... The ASEAN region is a goldmine of opportunities waiting to be explored. The 3 primary reasons:- ↘ Rapid GDP growth: Many ASEAN countries have experienced impressive GDP growth rates in recent years, outpacing the global average. For example, Vietnam, Cambodia, and the Philippines have consistently achieved annual GDP growth rates of 6% or higher. ↘ Increasing foreign direct investment (FDI): The ASEAN region has become an attractive destination for FDI, with countries like Singapore, Indonesia, and Malaysia receiving significant inflows. This FDI has fueled economic growth and development in various sectors. ↘ Growing middle class: As economies in the ASEAN region develop, there has been a substantial increase in the size of the middle class. This growing middle class has higher disposable incomes, leading to increased consumption and demand for goods and services. With over 650 million consumers, ASEAN offers a diverse and dynamic market. Conducting market research before launching your business in ASEAN countries is crucial for your success & growth. It helps you understand consumer preferences and identity market opportunities, provides data by doing competitive analysis, and makes you aware of cultural considerations and Risk mitigation. For this, you need reliable participant recruitment services across ASEAN, ensuring you have access to the right people for your market research needs. Allow us to help you unlock the growth potential of ASEAN markets and make informed business decisions. #marketresearch #researchparticipants #aseanmarkets
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ASEAN is positioned to be the next powerhouse and the beacon of hope.... If you are from ASEAN, there is so much to be proud of and be part of the transformative journey.... **5th Largest Economy: ASEAN’s combined GDP exceeds $3 trillion, making it the world’s 5th largest economy. **Global Trade Hub: ASEAN accounts for 7.4% of global trade and controls key shipping routes like the Strait of Malacca. **Natural Resources: Rich in resources like oil, gas, palm oil, and rubber, ASEAN is a key player in global commodity markets. Malaysia is the 5th Largest LNG exporter in the world and accounts for 2.5% gas world trade being 9th in the world. **Large Population: With over 680 million people, it is the 3rd largest population bloc globally. **Diverse Economies: It includes both high-income (e.g., Singapore) and emerging economies (e.g., Cambodia, Laos). **Growing Middle Class: ASEAN's middle class is expected to double by 2030, boosting demand for goods and services. **Young Workforce: Over 50% of the population is under 30, creating a dynamic and innovative workforce. **Peace and Stability: ASEAN emphasizes regional peace through diplomacy and consensus-building. **Tourism Magnet: Countries like Thailand, Indonesia & Malaysia attract millions of tourists due to rich culture, beautiful tropical beaches and biodiversity. **Digital Economy Boom: ASEAN's digital economy is set to exceed $300 billion by 2025. Many of the vibrant young start-ups are from ASEAN Kudos on making this a reality for all my connections from ASEAN... Malaysia is one of the most fortunate nations, bestowed with so much natural resources and a talented workforce....so much to explore and empower.... Let's take the pride but more importantly, enhance our esteem values to be exemplary to the world.
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🌏 ASEAN’s Economic Advantage: Opportunities for Strategic Growth 🌏 The ASEAN region remains an area of focus, supported by resilient fundamentals and shifting regional dynamics that seem to be attracting increased investor interest. Key Observations: Demographic Strength: With expanding working-age populations, economies like Vietnam, Indonesia, and the Philippines appear well-positioned for sustainable growth in the coming years. Supply Chain Shifts: The “China Plus One” strategy has continued to drive foreign investment across ASEAN, particularly benefiting sectors like manufacturing. Countries such as Vietnam and India are seeing tangible effects from this shift, which could contribute to broader regional economic development. The shifting of China from being a competitor to a supporter for growth will bear dividends for many years to come. Valuation Opportunities: Despite strong underlying fundamentals, many ASEAN markets still trade at relatively low valuations compared to other regions. For value-oriented investors, this presents an interesting area for exploration. As ASEAN’s economic landscape evolves, ongoing monitoring and strategic decision-making are essential to adapt and identify growth potential in this promising region. #ASEAN #EmergingMarkets #DemographicDividend #ChinaPlusOne #ValueInvesting #SupplyChain
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Thailand is the second-largest economy in Southeast Asia and, with its upper-middle income status, plays a key role as an economic anchor for neighbouring developing countries. With a population of 71.6 million, Thailand's labour force comprises 40.2 million people. The economy is heavily reliant on agriculture, which contributes 8.8% to the GDP and employs 32% of the workforce. The manufacturing sector, which is diverse, makes up 35% of the GDP and provides employment for 23% of the labour force. The tertiary sector accounts for 56.2% of the GDP and employs 46% of the active population (World Bank). As an emerging economy and active ASEAN member, Thailand is highly open to international trade, which represents around 134% of its GDP. In 2023, the country's primary export partners were the U.S., China, Japan, Vietnam, and Malaysia. The economy in Thailand is expected to recover in 2024, driven by sustained private consumption, as well as a rebound in tourism and goods exports, with a projected growth rate of 3.9%. As the market grows, many opportunities await, such as the opportunity to become a Mail Boxes Etc. Master Franchisee in Thailand, contact us to know more! #ThailandImportandExport #InternationalLogistics #ExportMarket #Entrepreneurship #Peoplepossible
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THE PHILIPPINES is expected to be the fastest-growing economy in Southeast Asia this year, according to Fitch Ratings. For 2025, Fitch expects Philippine economic output to expand by 6.5%. This also makes it the fastest-growing economy in the region next year, alongside Vietnam. It will be ahead of Indonesia (5.2%), Malaysia (4.5%), Thailand (3.4%) and Singapore (3%). https://lnkd.in/gFWSFCmQ
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