VinFast leads EV brands in ASEAN as gas-powered car sales stutter

VinFast leads EV brands in ASEAN as gas-powered car sales stutter

Japan giants cede road to Chinese makers, but Vietnamese brand leads from home

<VinFast leads EV brands in ASEAN as gas-powered car sales stutter - Nikkei Asia>

Walking around Cafes in Indonesia(2)

Introduction of Indonesian Cafes

Though somewhat unfamiliar to most Korean people, Indonesia is the 3rd largest producer of coffee globally after Brazil and Vietnam. My desire to truly explore the local coffee culture becomes stronger as my experience on Indonesia gets richer in both quantity and quality. 

That finally led to my frequent visits to cafes in the country. By that time, I also started working as an Indonesian correspondent for COFFEE SPACE, a monthly coffee magazine issued in Korea.

Advent of the Era of the AEC and Its Impacts on Singapore and Indonesia(18)

Comparative Study on the Perception and Response of Singapore and Indonesia

For example, in spite of the recent economic boost, CLMV countries (Cambodia, Laos, Myanmar and Vietnam) are estimated to possess only around 5% share of the overall ASEAN GDP (Growth Domestic Product). 

In this regard, this paper primarily concentrates on two countries. They are Singapore and Indonesia in the maritime Southeast Asia. The two countries shouldn't be thought lightly of in any economic point of view in the region.

Advent of the Era of the AEC and Its Impacts on Singapore and Indonesia(8)

Comparative Study on the Perception and Response of Singapore and Indonesia

As widely known, the ASEAN consists of 10 member states. 5 countries including Myanmar, Thailand, Laos, Cambodia and Vietnam are located in the continental ASEAN. Remaining 5 countries, Malaysia, Singapore, Indonesia, Brunei and the Philippines are positioned in the maritime area. 

Since its foundation slightly more than 50 years ago, the ASEAN has evolved into one of the most dynamic regions with speedy economic achievements. Experts have pointed out that the ASEAN's remarkable performance has been greatly attributed to its economic cooperation and integration initiatives picking up steam over the last two decades. 

Startup fever in Southeast Asia and its implication for India to improve indispensable public services(5)

Recent startup boom across Southeast Asia

Hugh growth potential in the region would be singled out above all things. The number of internet users in key countries of Southeast Asia like Vietnam and the Philippines has been mounting the fastest on the planet. 

A recent article from the Wall Street Journal rings another bell that whopping 120,000 online users are newly marked in the region on a daily basis. There is further prediction that 480 million people almost nearing the entire population of the EU (European Union) will be accessed to internet in Southeast Asia by 2020.

High Time for Korean Startups to Ride on Digital Fever in Southeast Asia(5)

High Time for Korean Startups to Ride on Digital Fever in Southeast Asia

As centered on Indonesia and Vietnam, two countries in the region respectively representing the maritime and the continental Southeast Asia, news of Korean venture capitals eagerly exploring lucrative investment opportunities are heard now and then. 

Why startup markets in Southeast Asia are much spotlighted? High growth potential in the region would be singled out above all things. The number of internet users in key countries of Southeast Asia like Vietnam and the Philippines has been increasing the fastest in the world.

 

High Time for Korean Startups to Ride on Digital Fever in Southeast Asia(4)

High Time for Korean Startups to Ride on Digital Fever in Southeast Asia

In addition, indigenous family conglomerates have joined the startup wave by setting up venture capitals and navigating business chances. This is no exception to Korean investment firms. 

As centered on Indonesia and Vietnam, two countries in the region respectively representing the maritime and the continental Southeast Asia, news of Korean venture capitals eagerly exploring lucrative investment opportunities are heard now and then. 

 

High Time for Korean Startups to Ride on Digital Fever in Southeast Asia(5)

High Time for Korean Startups to Ride on Digital Fever in Southeast Asia

This is no exception to Korean investment firms. As centered on Indonesia and Vietnam, two countries in the region respectively representing the maritime and the continental Southeast Asia, news of Korean venture capitals eagerly exploring lucrative investment opportunities are heard now and then. 

Why startup markets in Southeast Asia are much spotlighted? High growth potential in the region would be singled out above all things. The number of internet users in key countries of Southeast Asia like Vietnam and the Philippines has been increasing the fastest in the world.

The establishment of the AEC and its implication for South Korea(8)

The establishment of the AEC and its implication for South Korea

A local expert in Indonesia pictures potential changes in the region that the AEC may bring in the upcoming days. "People in Vietnam will start to learn the Thai language to drive taxies in Bangkok. There will be Laotians who will pick up Javanese text books to become cab drivers in Jakarta."

Actually, Singapore has been importing housekeepers from its neighbors, Indonesia and the Philippines in particular. However, it will be highly likely that more human resources in various fields of the region will cross the borders of the ASEAN members with no limitation.

 

Recent startup boom across Southeast AStartup fever in Southeast Asia and its implication for India to improve indispensable public services(5)

Recent startup boom across Southeast Asia

Why startup markets in Southeast Asia are much spotlighted? Hugh growth potential in the region would be singled out above all things. The number of internet users in key countries of Southeast Asia like Vietnam and the Philippines has been mounting the fastest on the planet. 

A recent article from the Wall Street Journal rings another bell that whopping 120,000 online users are newly marked in the region on a daily basis.

The establishment of the AEC and its implication for South Korea(8)

The establishment of the AEC and its implication for South Korea

A local expert in Indonesia pictures potential changes in the region that the AEC may bring in the upcoming days. "People in Vietnam will start to learn the Thai language to drive taxies in Bangkok. There will be Laotians who will pick up Javanese text books to become cab drivers in Jakarta." 

Actually, Singapore has been importing housekeepers from its neighbors, Indonesia and the Philippines in particular. However, it will be highly likely that more human resources in various fields of the region will cross the borders of the ASEAN members with no limitation.

Expansion of Mobility Services and Its Impact on the Development of a Cashless Society in Indonesia(2)

Recent startup boom across Southeast Asia

This figure is over 30% higher than the total startup investment of $7.9 billion in 2017. This is far startling because investment in Southeast Asian startups failed to reach even $1 billion in 2013. 

Consequently, 10 unicorns have been emerged in the region. VNG, an online game platform in Vietnam and Go-Jek, an Indonesian application-based ride-hailing service provider are renowned digital players. Why startup markets in Southeast Asia have been much spotlighted? 

High Time for Korean Startups to Ride on Digital Fever in Southeast Asia(4)

High Time for Korean Startups to Ride on Digital Fever in Southeast Asia

In addition, indigenous family conglomerates have joined the startup wave by setting up venture capitals and navigating business chances. This is no exception to Korean investment firms. 

As centered on Indonesia and Vietnam, two countries in the region respectively representing the maritime and the continental Southeast Asia, news of Korean venture capitals eagerly exploring lucrative investment opportunities are heard now and then. Why startup markets in Southeast Asia are much spotlighted? 

Startup fever in Southeast Asia and its implication for India to improve indispensable public services(5)

Recent startup boom across Southeast Asia

Hugh growth potential in the region would be singled out above all things. The number of internet users in key countries of Southeast Asia like Vietnam and the Philippines has been mounting the fastest on the planet. 

A recent article from the Wall Street Journal rings another bell that whopping 120,000 online users are newly marked in the region on a daily basis. There is further prediction that 480 million people almost nearing the entire population of the EU (European Union) will be accessed to internet in Southeast Asia by 2020.

High Time for Korean Startups to Ride on Digital Fever in Southeast Asia(5)

High Time for Korean Startups to Ride on Digital Fever in Southeast Asia

As centered on Indonesia and Vietnam, two countries in the region respectively representing the maritime and the continental Southeast Asia, news of Korean venture capitals eagerly exploring lucrative investment opportunities are heard now and then. Why startup markets in Southeast Asia are much spotlighted? 

High growth potential in the region would be singled out above all things. The number of internet users in key countries of Southeast Asia like Vietnam and the Philippines has been increasing the fastest in the world. 

Expansion of Mobility Services and Its Impact on the Development of a Cashless Society in Indonesia(2)

Recent startup boom across Southeast Asia

According to Tech in Asia , startups in Southeast Asia were awarded with as much as $10.9 billion in investment in 2018. This figure is over 30% higher than the total startup investment of $7.9 billion in 2017. This is far startling because investment in Southeast Asian startups failed to reach even $1 billion in 2013. 

Consequently, 10 unicorns  have been emerged in the region. VNG, an online game platform in Vietnam and Go-Jek, an Indonesian application-based ride-hailing service provider are renowned digital players.

Startup fever in Southeast Asia and its implication for India(5)

Recent startup boom across Southeast Asia

Hugh growth potential in the region would be singled out above all things. The number of internet users in key countries of Southeast Asia like Vietnam and the Philippines has been mounting the fastest on the planet. 

A recent article from the Wall Street Journal rings another bell that whopping 120,000 online users are newly marked in the region on a daily basis. There is further prediction that 480 million people almost nearing the entire population of the EU (European Union) will be accessed to internet in Southeast Asia by 2020.

Recent startup boom across Southeast Asia(2)

Recent startup boom across Southeast Asia

The number of internet users in key countries of Southeast Asia like Vietnam has been mounting the fastest on the planet. A whopping 480 million people is predicted to get access to internet in Southeast Asia by 2020. 

This could explain why global investment experts have been paying closer attention to this area where youngsters covering half of the entire population are climbing on the brand new era of the digital economy. 

Recent startup boom across Southeast Asia(3)

Recent startup boom across Southeast Asia

VNG, an online game platform in Vietnam and Go-Jek, an Indonesian application-based ride-hailing service provider are renowned digital players. Why startup markets in Southeast Asia have been much spotlighted? 

Hugh growth potential in the region would be singled out above all things. The number of internet users in key countries of Southeast Asia like Myanmar and the Philippines has been mounting the fastest on the planet. 

Recent startup boom across Southeast Asia(2)

Recent startup boom across Southeast Asia

The number of internet users in key countries of Southeast Asia like Vietnam has been mounting the fastest on the planet. A whopping 480 million people is predicted to get access to internet in Southeast Asia by 2020. 

This could explain why global investment experts have been paying closer attention to this area where youngsters covering half of the entire population are climbing on the brand new era of the digital economy.