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South East Asia Business Awards 2023 – Charter Dock A
APAC Insider is excited to announce the return of the South East Asia Business Awards 2023! In 2023 this popular programme will now be in its fifth year, and we are looking forward to once again shining a spotlight on the key players and leading innovators working tirelessly across this dynamic region.
South East Asia Business Awards 2023 – Following a surge of industrialisation throughout the 1960s, South East Asian business has experienced substantial growth, leading to more than half of the region’s eleven countries ranking in the top fifty largest economies worldwide by 2022. While each country does have its own individual strengths and unique industry landscape that sets it apart amongst its neighbours, there are some common market trends that they share.
Agriculture, Manufacturing, and Electronics are the most prominent sectors in virtually all nations of South East Asia. The region is a global export leader, with strong international trade connections for many commodities including food and fishery products, personal electronics, and motor vehicles. SMEs are also the dominant company size across most South East Asian countries, making up the majority of the workforce and contributing significantly to the GDP.
More recently, South East Asia has become a hotspot for Digital Technology, with investment in the region’s tech companies hitting an all-time high in 2021. Indonesia, Vietnam, and the Philippines are at the forefront of this digital revolution. Also currently experiencing a boom is the E-Commerce industry, which has seen huge advancements in recent years, and is now projected to become the biggest driver of growth within South East Asia up until 2025.
When looked at country-by-country, corporate performance across the region is just as impressive. Indonesia ranks as the 16th highest GDP in the world and has recently joined an exclusive club of countries boasting trillion-dollar economies. Like Indonesia, Thailand’s economy has also demonstrated continued growth despite the challenging political climate the country often faces. Thailand is also the number one tourist destination of SEA, accommodating over ten million holidaymakers throughout the course of 2022. Malaysia’s large Construction sector is worth over $32b and has been rapidly expanding as a result of both government and private sector building projects. Vietnam is a central hub for Food production and exports, supplying agricultural and seafood products to a wide range of international markets.
The expansion and diversification of SEA business over the past couple of decades has been truly remarkable, and APAC Insider is a fantastic platform for the leading companies and executives operating in this region to promote their services to a targeted audience of industry professionals. Winners within the South East Asia Business Awards 2023 will be determined via a thorough research and selection process based on merit and carried out by the dedicated team at APAC Insider.
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