Given the constant macro-economic and structural shifts, greater competition, rapid technological advances and increasingly exacting consumer requirements, today’s ASEAN SMEs are operating in interesting times. They must be more agile and adaptable, and actively leverage support from their governments and financial services sectors to successfully navigate the evolving business environment.
To help stakeholders understand how ASEAN SMEs are positioning themselves to participate in the region’s growth story, we surveyed more than 1,200 SMEs across the six largest ASEAN countries: Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam as part of our inaugural ASEAN SME Transformation Survey.
The ASEAN growth story
Four drivers are paving the way for the regional market’s promised integrated production platform and an enlarged consumption base, with SMEs well positioned to benefit from the resulting economic, trade, financial and social cohesion.
ASEAN SME Transformation findings
To understand how ASEAN SMEs are positioning themselves to profit from the region’s growth story and adapt alongside the evolving environment, we interviewed over 1,200 SMEs across a number of sectors in ASEAN. Some of the key takeaways include:
Strategy and operations
- The top countries where SMEs are most likely to project growth improvements in FY18 are Vietnam (68%) and Indonesia (67%).
Sources of funding
Leading digital innovation for SMEs