Forging Global Partnerships to Power Regional Growth
Vietnam is the leading exporter in the ASEAN region. While its export turnover of USD282-bn in 2020 contributed 82% of the country’s GDP, the manufacturing powerhouse has tremendous potential to further boost its exports. The country’s SME sector that accounts for one-third of the exports can grow aggressively if its capital constraints are addressed.
We at ASEAN Business Partners (ABP) are working with global financial firms to bring affordable sources of credit and finance to SMEs in Vietnam, while helping enterprises to strengthen risk management and control costs. Our innovative export finance solutions can meaningfully meet the requirements of SMEs in Vietnam, creating favourable conditions for Vietnam’s exports to continue to grow.
This edition’s special report outlines how export finance for SMEs can play a key role in fulfilling Vietnam’s vision of being one of the top five exporting countries in the world by 2030. ABP’s stellar efforts in the domain have also been featured by a leading Vietnamese business news portal.
This edition’s country snapshot on Thailand captures the country’s continuing status as an automotive powerhouse. Successive Thai governments have, through well-defined policy directives attracted the world’s leading automotive brands to set up local production and export bases in Thailand. Hozon Auto’s Neta is the latest entrant with its first plant in Thailand.
While the report on the collapse of Silicon Valley Bank takes stock of its cascading effect on the Southeast Asian venture capital and startup ecosystems, the report on surging e-commerce in the region traces the growth drivers, distribution channels, hot-selling products and the trends shaping the e-commerce industry in South East Asia.
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