Introducing Indonesia, Thailand & Vietnam – Gateways to ASEAN with Blossoming Investment Opportunities

With the recent passage of the historic Regional Comprehensive Economic Partnership (RCEP) – along with the region’s rich resource reserves, established manufacturing base and rapid-fire industrialization – ASEAN will continue to attract investors from around the world and serve as a growth engine for the global economy. Our objective for this guide is to share critical business intelligence, drawing from our team’s firsthand expertise and insights. We look forward to supporting businesses in establishing and expanding their businesses across ASEAN.

The RCEP is greatly enhancing cross-border trade, which is at the very heart of Singapore's open and export-oriented economy. Notably, companies in Singapore are enjoying greater flexibility in their sourcing strategies and now have access to a larger pool of suppliers throughout ASEAN and APAC. At Tricor Singapore, we are committed to helping global and local enterprises pivot their business plans so they can capitalize on these emerging opportunities and collaborate with regional partners to explore new markets.

Recent years have brought a significant boom to Indonesia’s economy, placing it among the top investment climates in ASEAN and APAC. A large domestic market of growing middle-class consumers, highly competitive labor costs and an established export-oriented manufacturing sector make Indonesia an attractive choice for global investors looking to expand their operations in ASEAN. At Tricor Indonesia, we offer customized solutions to help businesses succeed in Indonesia’s vibrant, everchanging business landscape.

Investors in Thailand can expect enhanced trade opportunities throughout the region as the RCEP eases tariffs, promotes regulatory transparency and reduces compliance costs associated with customs processes. But due to the scale and diversity of the RCEP’s coverage, its implementation is proving to be cumbersome for some businesses. As a leading business expansion specialist, we look forward to working with our clients to overcome impending challenges, fill gaps and thrive in Thailand.

The RCEP is particularly significant for the future of trade and investment in Vietnam, as the deal is expected to drive critical domestic regulatory reforms in key areas such as labor laws, investment liberalization, cybersecurity, data security and protection of intellectual property. In response to mounting opportunities and evolving needs, Tricor Vietnam offers a full suite of expansion solutions to our clients as they navigate the local landscape and explore how the RCEP may impact business decisions.