Identifying Opportunities within ASEAN's universal Healthcare Programmes
The strong growth potential of emerging economies, such as those within the Association of Southeast Asian Nations (ASEAN), continues to attract attention from global businesses.
Combined, the 10 member states - Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam - account for almost 9% of the global population with the grouping's annual economic growth expected to remain relatively high, at about 7%, by 2020, outpacing many other countries and regions.
Indonesia, the region's largest economy and most populous nation, accounts for 38% of Asean's economy and 40% of its population. It is among the world's 15 most populous countries, along with the Philippines and Vietnam, which are respectively expecting to achieve economic growth of 7.6% and 11.1% a year until 2020. Singapore, Thailand and Malaysia posted a combined gross domestic product (GDP) of about US$ 980.97 bn in 2015 with expected annual growth ranging from 5.0 - 11.7% by 2020. Annual economic growth looks positive in other Asean economies and is expected to exceed 8% a year in Brunei, Laos, Cambodia and Myanmar within the same period.
The Philippines and Vietnam are among the fastest-growing Asean economies. The Philippines government has improved job opportunities and increased household spending. Vietnam has signed trade agreements with EU countries which are expected to fuel further growth.
Mehr zum Gesundheitswesen in den ASEAN im Whitepaper von Ipsos Business Consulting.
