Now more than ever, companies from all over the world are looking to ASEAN to expand their operations from within the bloc around Asia and globally.
Combined, ASEAN forms one of the fastest growing economic powerhouses and is one of the world’s top five economies, behind the US, EU, China and Japan. Find out how HSBC can connect you to opportunities across ASEAN, and beyond.
Why is ASEAN an opportunity?
Fast economic and trade growth | Digital growth | A sustainable recovery |
|---|---|---|
ASEAN as a trade bloc is one of the top 5 economies in the world, with its GDP set to exceed US$4tn by 20251. Current exports total US$1.3tn, with forecasts predicting exports to rise to US$2.8tn by 2025, making ASEAN the world's fastest-growing trade bloc2, and is in the centre of the world’s largest free trade agreements including CPTPP and RCEP. | ASEAN is the largest digitally enabled population in the world with its eCommerce forecasted to grow to US$88 billion by 2025. In 2020 alone, 40 million people in Southeast Asia came online for the first time3. | ASEAN is one of the most susceptible regions in the world to climate risk and people are taking note; 58% of ASEAN issuers say environmental and social issues are very important to their organisation, one of the highest percentages among issuers globally4. |
Sources:
1 PwC, The future of ASEAN: Time to act
2 ASEAN. Driving Your Ambition (Accenture ASEAN Consumer Research)
3 HKTDC, ASEAN E-commerce: Beyond the Pandemic, 2021
4 Wharton, University of Pennsylvania, How Will ASEAN Members Cope with Their Climate Change Challenge? 2020
How HSBC can help?
Learn about HSBC in ASEAN and find out how we have supported our customer’s growth as well as our in-market offerings.
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