South-East Asia is becoming increasingly significant in the global economy, attracting multinational companies looking to relocate manufacturing from China.
Indonesia, the Philippines, and Vietnam are expected to experience rapid economic growth in the coming years, indicating a notable change in regional economic dynamics.
Malaysia is also making progress towards achieving high-income status, which further enhances the economic landscape of the region.
Additionally, Singapore's role as a financial hub has strengthened, particularly as international investors seek alternatives to Hong Kong.
This shift highlights the growing importance of South-East Asia in global supply chains and investment strategies.