Embed Size (px)
Citation preview
Southeast Asia Overview & Insights
IntroducingLeigh HowardDeputy CommissionerSoutheast Asia
Southeast Asia VGTI Network
Singapore
Kuala Lumpur
Jakarta
Global Victoria’s SEA Team
Benjamin Lim Trade Director
Raymond Peter Government Relations & Marketing Mgr
Suhaiza Parman Office Mgr
Belinda Rimbo Education Services Director
Irawan Budianto Trade Director
Tanti A. MihartiniMgr Vic Govt Coordination
Ch. Ira KartikaOffice Manager
Brett StevensCommissioner for Victoria to
Southeast Asia
Huda Albanna Provincial Government Project Director - Indonesia
Bernard OhManager, Vic Govt Coordination
Clarice CampbellMgr TAFE Victoria
Nicole FarmiloOffice Mgr
Leigh HowardDeputy Commissioner, Southeast Asia
Jason FullerSenior Mgr Trade & Defence
Singapore Kuala Lumpur, Malaysia
Jakarta,
Indonesia
647m
4.5m km2
US$ 2.9 Tr
US$ 4,516
Population
Land
GDP
25.5m
7.7m km2
US$ 1.5 Tr
US$ 59,655GDP per capita
Source: IMF, World Economic Outlook Database, April 2019
Key Statistics
2.8 2.92.6
3.2 3.0
4.8 4.94.6
5.45.1
2014 2015 2016 2017 2018Calendar Year
ASEAN
World
Source: World Bank National Accounts Data
GDP Growth Rate(average annual %)
R E S T O F
S O U T H E A S T
A S I A
Rest of SE Asia - $127 billion
(4%)
Indonesia – $1,075 billion (36%)
Malaysia - $365 billion (12%)
Philippines - $332 billion (11%) Singapore - $350 billion (12%)
Thailand – $484 billion (16%)
Vietnam - $241 billion (9%)
Regional DifferencesSize of Southeast Asian Economies by GDP
Malaysia
Singapore
Myanmar
Brunei
Vietnam
US$ 30,290
US$2,725US$1,238
US$65,627
US$11,385
Source: IMF, World Economic Outlook Database, April 2019
Regional DifferencesNominal GDP per capita (2018)
Rising Middle Class
Sources: International Monetary Fund; UN Department of Economic and Social Affairs; Homi Kharas, "The Emerging Middle Class in Developing Countries”, OECD Development Centre Working Papers, No. 285. East West Center, 2017. * Middle class is defined as those households with daily expenditures between US$10 and US$100 per person in purchasing power parity.
11 CountriesWorld’s 5th
Largest economy
Victoria’s 2nd-largest
Trade Partner
~650 Mn People
65% of Population
Working-aged
Middle Class Set to Triple
by 2030
Southeast Asia is an Emerging Economic Powerhouse
17%of total
Victorian imports
15%of total
Victorian exports
Victoria’s Merchandise Trade with Southeast Asia
Source: DFAT
• Food & Fibre• Education• Professional
Services
38,811 40,99145,549
50,932 52,896
2014 2015 2016 2017 2018
Southeast Asian Student Enrolments in Victorian Institutions
International Education
• ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA)
• Comprehensive and Progressive Agreement for Trans-Pacific
Partnership (CPTPP)
• Malaysia-Australia Free Trade Agreement (MAFTA)
• Singapore-Australia Free Trade Agreement (SAFTA)
• Thailand-Australia Free Trade Agreement (TAFTA)
• Indonesia-Australia Comprehensive Economic Partnership Agreement
(IA-CEPA) - Signed
• Regional Comprehensive Economic Partnership (RCEP) – In Progress
Free Trade Agreements withSoutheast Asian Nations
c
> The case for doing business with SE Asia is compelling. It represents a rapidly growing market on our doorstep.
> The markets of SE Asia are highly diverse, which warrants investigation to understand the right opportunities for your business / product.
> Familiarising yourself with the unique business environments, political systems, legal frameworks, social structures and market trends is essential for success.
> A multitude of Free Trade Agreements have reduced / eliminated many import tariffs (although non-tariff barriers remain).
> Carefully evaluate opportunities, spend time in market, and develop relationships.
Key Points about Southeast Asia
Globally Connected: Victoria’s Southeast Asia Trade and Investment Strategy
• Facilitate market entry• Promote Victorian capabilities• Identify emerging opportunities• Strengthen ties
• Education• Premium food• Tourism• Liveability• Digital transformation• MedTech
Priority Sectors
Four Directions
Southeast Asia
Thank you
