Doing Business In: Asia

Doing Business with the ASEAN Economic Community (AEC)

ASEAN was created in August 1967 and stands for the Association of Southeast Asian Nations. It includes 10 members…Indonesia, Malaysia, the Philippines, Singapore, Thailand, Brunei, Cambodia, Laos, Myanmar (Burma), and Vietnam.

ASEAN countries are home to more than 600 million people, almost twice the population of the United States.

When combined, their latest Gross Domestic Product (GDP) is nearly $2.5 trillion, growing at a rate of 5.2 percent with over $2.5 trillion in trade, comprised of $1.27 trillion in exports against roughly $1.24 trillion in imports. Total Foreign Direct Investment is $122.4 billion.

 

 

 Brunei

  • Population (2014 estimate): 0.413m
  • Capital city: Bandar Seri Begawan (0.241m)
  • GDP growth (2014): -2.3%
  • Inflation (2014): -.2%
  • Main industries include…
  • Petroleum
  • Petroleum Refining
  • Liquefied Natural Gas
  • Construction

 

Cambodia

  • Population (2014 estimate): 15.3m
  • Capital city: Phnom Penh (1.7m)
  • GDP growth (2014 estimate): 7.2%
  • Inflation (2014): 4.5%
  • Main industries include:
  • Construction
  • Cement
  • Fishing
  • Textiles

 

Indonesia

  • Population (2014 estimate): 252.1m
  • Capital city: Jakarta (10.1m)
  • GDP growth (2014): 5% Inflation (2014): 6.4%
  • Main industries include:
  • Petroleum/Natural Gas
  • Textiles
  • Mining
  • Cement

 

Lao PDR

  • Population (2014): 6.7m
  • Capital city: Vientiane (0.8m)
  • GDP growth (2014 estimate): 7.3%
  • Inflation (2014 estimate): 5.5%
  • Main industries include:
  • Copper
  • Timber
  • Agricultural Processing
  • Construction

 

 

Malaysia

  • Population: (2014): 30.3m
  • Capital city: Kuala Lumpur (1.7m)
  • GDP growth (2014): 6%
  • Inflation (2014): 3.16%
  • Main industries include:
  • Rubber and Palm Oil
  • Light Manufacturing
  • Pharmaceuticals
  • Timber Processing

 

Myanmar

  • Population (2014 estimate): 51.4m
  • Capital city: Naypyidaw (1.2m)
  • GDP growth (2014 estimate): 8.5%
  • Inflation (CPI, 2014 estimate): 6.5%
  • Main industries include:
  • Agricultural Processing
  • Wood
  • Cement
  • Pharmaceuticals

 

Philippines

  • Population (2014): 98.9m
  • Capital city: Manila (1.6m)
  • GDP growth (2014): 6.1% Inflation (CPI, 2014): 4.2%
  • Main industries include:
  • Electronics
  • Garments
  • Chemicals
  • Food Processing

 

Singapore:

  • Population (2014): 5.46m
  • Capital city: Singapore
  • GDP growth (2014): 2.9%
  • Inflation (2014): 1.0%
  • Main industries include:
  • Electronics
  • Chemicals
  • Financial Services
  • Oil Drilling

 

 

Thailand

  • Population (2014 estimate): 68.6m
  • Capital city: Bangkok (8.4m)
  • GDP growth (2014): 0.7% Inflation (2014): 1.9%
  • Main industries include:
  • Automobiles/Automotive Parts
  • Financial Services
  • Electrical Components
  • Tourism

 

Vietnam

  • Population (2014): 90.7m
  • Capital city: Hanoi (6.9m)
  • GDP growth (2014): 5.9%
  • Inflation (2014): 1.8%
  • Main industries:
  • Rice
  • Coffee
  • Rubber
  • Cotton

 

Published by The Academy of Market Intelligence
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