By 2025, the Association of Southeast Asian Nations (ASEAN) region is expected to be the next destination for global participants, replacing China, with its geographic proximity, large consumer base, and low costs attracting traders.
Cambodia, Myanmar, Laos, and Vietnam (the CLMV countries of the Greater Mekong Subregion) are emerging as an attractive destination for investors.
The ASEAN marked its 50th anniversary in 2017, striving to move forward as a single market and production base. Implementation of the ASEAN Economic Community (AEC) will unify ASEAN members under a single cluster, making it an attractive hub for investors.
This story is from the May 2018 edition of SME Magazine Singapore.
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This story is from the May 2018 edition of SME Magazine Singapore.
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