The Association of South-East Asian Nations (Asean), which has become a key target of manufacturing investment for multinationals due to diversification from China and geopolitical dynamics.
Key Takeaways
- ASEAN has become a major destination for manufacturing investment, surpassing China as the top choice for OECD countries in 2022 and 2023.
- The five largest ASEAN economies – Indonesia, Thailand, Singapore, Vietnam, and Malaysia – attracted the majority of manufacturing FDI, with China also significantly increasing its investment in the region.
- Geopolitical tensions and trade restrictions are driving politically motivated FDI trends in strategic sectors like electric vehicles, semiconductors, and critical minerals within ASEAN.
The region attracted significant foreign direct investment (FDI), particularly in countries like Indonesia, Thailand, Singapore, Vietnam, and Malaysia. Asean…
