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SEA’s Digital Economy Totals 122 Billion USD in 2024

SEA’s Digital Economy Totals 122 Billion USD in 2024

by Teuvo Tuomi | Nov 17, 2024 | ASEAN, Digitalization, Economy, News, Reports, Southeast Asia

Southeast Asia’s digital economy will be worth US$122 billion in 2024, according to the e-Conomy SEA 2024 report. This comprises digital financial services, e-commerce, travel, online media, food, and transport. Digital economy revenue for 2023 was US$78 billion in...
Trump’s Win May Threaten Southeast Asian Exports

Trump’s Win May Threaten Southeast Asian Exports

by Teuvo Tuomi | Nov 10, 2024 | ASEAN, Business, Economy, Elections, News, Southeast Asia

Southeast Asian countries may soon be flooded by cheap Chinese goods which have been shut out of the American market, analysts say. This may make the region’s own exports less competitive, affecting economic growth and jobs. During the election campaign,...
Vietnam’s Industries Expected to Be Among Three Most Competitive in SEA: Report

Vietnam’s Industries Expected to Be Among Three Most Competitive in SEA: Report

by Teuvo Tuomi | Nov 7, 2024 | ASEAN, Manufacturing, News, Southeast Asia, Vietnam

Vietnam is expected to be among the top three Southeast Asian countries in terms of industrial competitiveness by the end of this decade, according to the Ministry of Industry and Trade (MoIT). The program promotes the country’s industrialization and...
Vietnam to Grow Fastest in SEA: IMF

Vietnam to Grow Fastest in SEA: IMF

by Teuvo Tuomi | Oct 25, 2024 | ASEAN, Economy, News, Philippines, Reports, Southeast Asia, Vietnam

The International Monetary Fund (IMF) forecasts Vietnam’s economy to grow by 6.0% in 2024 and 6.8% in 2025, making it the fastest-growing economy among key ASEAN countries. The Philippines follows with projected growth rates of 5.8% in 2024 and 6.1% in 2025. Both...
SEA Emerging As Data Center Hub

SEA Emerging As Data Center Hub

by Teuvo Tuomi | Oct 15, 2024 | Digitalization, ASEAN, Malaysia, News, Singapore, Southeast Asia, Technology, Thailand

Southeast Asia is emerging as an ideal region for tech operators to establish a data center base. Singapore, Malaysia, Thailand, Indonesia, and Vietnam are the top five countries. Singapore is the preferred destination for hosting data centers due to its superior...
ASEAN Seeks Further Foreign Investment

ASEAN Seeks Further Foreign Investment

by Teuvo Tuomi | Sep 18, 2024 | ASEAN, Business, Economy, Investment, News, Southeast Asia

ASEAN’s economic growth was 4.1% in 2023. This is expected to increase to 4.6% in 2024. Investment in ASEAN increased only by 0.3% from US$229 billion in 2022 to US$230 billion in 2023. Another important measure is that the value of trade in ASEAN products actually...
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