Opening up a world of business opportunities in ASEAN

Combined, ASEAN forms one of the fastest growing economic powerhouses and is one of the world’s top five economies, behind the US, EU, China and Japan.*

Why is ASEAN an opportunity?

Now more than ever, companies from all over the world are looking to ASEAN to expand their operations from within the bloc around Asia and globally.


Fast economic and trade growth	Digital growth	A sustainable recovery
ASEAN as a trade bloc is one of the top 5 economies in the world, with its GDP set to exceed US$4tn by 2025¹. Current exports total US$1.3tn, with forecasts predicting exports to rise to US$2.8tn by 2025, making ASEAN the world's fastest-growing trade bloc², and is in the centre of the world’s largest free trade agreements including CPTPP and RCEP.	ASEAN is the largest digitally enabled population in the world with its eCommerce forecasted to grow to US$88 billion by 2025. In 2020 alone, 40 million people in Southeast Asia came online for the first time³.	ASEAN is one of the most susceptible regions in the world to climate risk and people are taking note; 58% of ASEAN issuers say environmental and social issues are very important to their organisation, one of the highest percentages among issuers globally⁴. Find out how we can help with your sustainable journey

* HKTDC Research ASEAN: Market Profile, 2021, ISEAS; 1. PwC, The future of ASEAN: Time to act; 2. ASEAN. Driving Your Ambition (Accenture ASEAN Consumer Research); 3. HKTDC, ASEAN E-commerce: Beyond the Pandemic, 2021; 4. Wharton, University of Pennsylvania, How Will ASEAN Members Cope with Their Climate Change Challenge? 2020

How HSBC can help?

How HSBC's heritage and coverage across ASEAN can help with your business growth

Learn about HSBC’s heritage and coverage across ASEAN. Find out how we have supported our customer’s growth and our specific in-market offerings.

News and insights

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ASEAN insights

Tap into our additional resources on ASEAN

Our ASEAN markets and connections

Read more about our offering across our 6 ASEAN markets and the rest of the world.

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Disclaimer

The Association of Southeast Asian Nations (ASEAN)

The content on this page (“ASEAN website”) was prepared by The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch (“HSBC” or “we”).

The information contained in this ASEAN website is derived from sources we believe to be reliable but which we have not independently verified. HSBC makes no representation or warranty (express or implied) of any nature nor is any responsibility of any kind accepted with respect to the completeness or accuracy of any information, projection, representation or warranty (expressed or implied) in, or omission from, this ASEAN website. No liability is accepted whatsoever for any direct, indirect or consequential loss (whether arising in contract, tort or otherwise) arising from the use of or reliance on this ASEAN website or any information contained herein by the recipient or any third party. If you seek to rely in any way whatsoever upon any content contained in this ASEAN website, you do so at your own risk.

This ASEAN website does not constitute an offer or solicitation for business outside Singapore, or advice that you should enter into or start using, any of the arrangement, product or services mentioned in this ASEAN website. Recipients should not rely on this ASEAN website in making any decisions and they should make their own independent appraisal of and investigations into the information described in this ASEAN website. No consideration has been given to the particular business objectives, financial situation or particular needs of any recipient. Any examples given are for the purposes of illustration only. The purpose of this ASEAN website is to provide information on ASEAN Markets for corporate clients operating in or have an office operating in those markets, or for clients who wish to expand their operations into those markets.

All the information set out in this ASEAN website is provided in good faith to the best of HSBC’s knowledge and understanding of the current law, rules, regulations, directions and guidelines governing or otherwise applicable to the relevant services offered by HSBC but HSBC makes no guarantee, representation or warranty and accepts no liability as to its accuracy or completeness. Future changes in such law, rules, regulations etc. could affect the information in this ASEAN website but HSBC is under no obligation to keep this information current or to update it. Expressions of opinion are those of HSBC only and are subject to change without notice.

Copyright © The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch 2021. All rights reserved. No part of this ASEAN website may be reproduced, stored in a retrieval system, or transmitted, on any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of HSBC.

Issued by The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch (UEN S16FC0010A). The Hongkong and Shanghai Banking Corporation Limited is incorporated in the Hong Kong SAR with limited liability.

References for figures displayed in HSBC advertisements in Bloomberg Media sites:

ASEAN’s digital economy is set to double to over USD350 billion by 2025¹

ASEAN is thriving as the world’s fastest growing trade bloc²

A greener ASEAN offers a trillion-dollar opportunity by 2030 ³

¹ https://www.bloomberg.com/news/articles/2021-11-10/southeast-asia-internet-economy-to-surge-to-363-billion-by-2025
² HKTDC Research ASEAN: Market Profile, 2021, ISEAS
³ https://www.bain.com/insights/southeast-asias-green-economy-pathway-to-full-potential/

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