The Rise of ASEAN

Today we are discussing the Association of Southeast Asian Nations. ASEAN is a political and economic bloc of 10 countries in Southeast Asia, the third-largest economic bloc in the world after the EU and NAFTA.

Timestamps:
0:00 Intro
0:55 Geography
3:27 Fundamentals
7:34 Member Global Significance
9:15 Growth Trends
11:53 China & ASEAN
14:55 Track ll Diplomacy
16:00 South China Sea
17:24 Sentiment
18:25 De-dollarization
20:20 Russia & ASEAN
21:20 Personal Perspective & Conclusion

In this video we discuss ASEAN entering a new era of growth in 2024, Southeast Asia is expected to grow at 5% per year over the next five years, led by growing domestic demand and rising FDI.

The economic growth of ASEAN is creating a number of opportunities for businesses and investors, near the end of the video I provide my personal opinions and experience

In addition to its economic opportunities, ASEAN is also a strategically important region. The bloc is located at the crossroads of the Asia-Pacific region, and it is a major player in the global economy

Keywords: ASEAN, Southeast Asia, economic growth, digitalization, sustainability, connectivity, regional cooperation, investing, business

This video is for educational purposes only, not to be construed as financial or legal advice.

[kzm-cbmr]

As a Filipino, Vietnam really impressed me in these recent years. Considering the suffering they had in the previous century, they managed to get themselves straight and catch up with my laggard country.

Philippines was said to be the second in whole Asia when it comes to GDP back in the 50s and 60s, and all of our neighbor caught up and went ahead of us. At some point, we just don't have to blame the entirety of it to the government, we should also take a good look at ourselves on why we're so slow and seems to be clueless on to where we're heading to.

[renatoapostol]

COMPOSITE AND SOLID ASEAN POWER / FORCES AS FULCRUM FOR GLOBAL PEACE, PROTECTION AND PROSPERITY

[scouty]

Vietnam is in a great position to take on a lot of the low-cost manufacturing that has described China for the last 25-30 years. There are fewer legal barriers, a greater percentage of people in Vietnam speak English compared to China, and Vietnam’s demographics will provide it with a large competitive workforce within the next 5-10 years.

Many multinational companies from Apple to Dell to Nike have already been moving a lot of their industry out of China to other nearby Asian nations. The biggest reason a significant amount of foreign industry remains in China despite its competitive advantage in labor and capital declining is because China is becoming a massive importer nation like the United States. This plays especially well for Vietnam. It’s proximity to China, number of people who speak Mandarin to do business with China, as well as the previously above mentioned points above could turn it into a rapidly developing economy within our lifetime.

Good luck Vietnam! 🇺🇸 🇨🇳 🤝 🇻🇳