Join VEDP's International Trade team to learn about accessing Southeast Asia virtually!
The six major countries in Southeast Asia – Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam – have a combined population of 582 million and GDP of US$3 trillion. If it were a single nation, it would be the third most populous country and the fifth largest economy in the world, as well as having the eight largest consumption expenditure globally.
The region is among the fastest growing in the world, with ASEAN (Association of Southeast Asian Nations) having witnessed an average annual GDP growth of 5.3% between 2000 and 2018, supported by an increasingly well-educated workforce, abundant natural resources and favorable geographic location at the heart of the Asia-Pacific region. The region’s youthful demographic profile also translates into receptivity to new technologies.
Between 2019 and 2022, 50 million new consumers are expected to join the ranks of the middle class in Indonesia, Malaysia, the Philippines, Thailand and Vietnam. The middle class will expand to include 350 million people and continue on its upward trajectory, propelled by greater access to the flourishing digital economy and aspirations to better lives for themselves, their families and their communities.
We have partnered with Orissa International to learn more!
Speaker:
Sarath Menon, Managing Director
If you require technical support, please contact Mary Wood, 804.690.8316 or mwood@vedp.org.
