Southeast Asia is a region that counts amongst the fastest growing and most diverse regions in the world.
Consisting of 10 member states*, the Association of Southeast Asia nations (ASEAN) has seen a tremendous increase in intra-regional trade, rapid urbanisation, growth of the middle class and consumer markets amongst other factors.
With the formation of the ASEAN economic community (AEC) in 2015 providing more reasons for confidence that the region will continue its growth trajectory, there are unprecedented opportunities for businesses to grow beyond their shores.
* Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam.
- Why ASEAN?
Over the last 30 years, ASEAN’s growth has been nothing but remarkable – outpacing global growth by 2% on average and outgrowing other regions – including Latin America, Sub-Saharan Africa and Middle East and North Africa – over the same period.
The region also attracted more foreign direct investment (FDI) than China in 2013.
We believe more than half of ASEAN has the potential to increase potential growth to 7% or higher. At 7% growth, an economy doubles in size every 10 years.
- Our impact
As the only international bank present in all 10 ASEAN markets, we have developed a unique understanding of the region and the needs across the markets.
Rice is the staple food of over half the world’s population and plays an important role in Vietnam’s economy.
Through a new financing model, we are the first international bank to support the development of an integrated rice production chain in the country and more importantly, helping rice farmers across Vietnam.
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Bringing together 10 markets – effectively Asia’s third-largest economy by nominal GDP – the ASEAN Economic Community provides another good reason to believe that ASEAN will go on delivering strong rates growth.
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Environmental and social risk
We manage the environmental, social & governance risks that come with our financing decisions.