Asian markets are delivering growth three times that of the developed world and that is predicted to continue – and valuations are “reasonable and attractive relative to the rest of the world”.

The key drivers of economic growth in Asia: Increasing consumption driven by rising wealth and consumer spending; A wide range of world-class tech companies; Infrastructure growth driven largely by increasing urbanization; Increasing inter-regional trade, which has benefited from the reduction and removal of tariffs. Asia’s biggest trading partner is now itself. The middle class has grown substantially and is still growing – and this is where the action happens in terms of consumption

The Association of South East Asian Nations (ASEAN) – dominated by Indonesia, Malaysia, Philippines, Singapore, and Thailand – which has formed an effective 10-country trade bloc and is now the world’s sixth largest economy with 8 percent of the global population.

Last January, the World Bank released its Global Economic Prospects report indicating that the Philippines is the fastest-growing economy in ASEAN and is expected to sustain its robust economic growth for the next years. It also topped the US News’ list of best countries to invest in the world.

Vietnam has enjoyed strong economic growth. Since 1990, Vietnam’s GDP per capita growth has been among the fastest in the world, averaging 6.4 percent a year in the 2000s. Despite uncertainties in the global environment, Vietnam’s economy remains resilient. It has set its sights on becoming a developed nation by 2020.

Indonesia: The statistic shows the growth in real GDP in Indonesia from between 2012 to 2016, with projections up until 2022. In 2016, Indonesia’s real gross domestic product grew by around 5.02 percent compared to the previous year.

While Singapore and Malaysia are both mature markets which are extremely fast moving and competitive – Indonesia, Vietnam, the Philippines, and Thailand, are relatively young, emerging markets, where there is great potential for growth. Relative to Singapore and Malaysia, these are large markets which are experiencing high growth with little competition.

Why is South East Asia a great place to work in?

Sitting in a meeting with people from various nationalities really changes your perspective of a business meeting. The dynamics at play working in a cultural melting pot, and the wide range of nationalities we meet on a daily basis really allow you to hone communication, influencing, and negotiation skills. Solving business problems with a plethora of cultures and backgrounds is truly rewarding.

Select Global Solutions is a Global Executive Search firm now expanding its geography to the developing countries of Southeast Asia; where we have closed senior finance, sales, IT and technical roles placing both local and expat talent.

We are currently hiring for executive jobs in across the region. To find out more, email us at [email protected].in