Eager to grow your enterprise internationally? Go beyond the established market and evaluate the rich potential in developing countries
Did you know the temples of Angkor Wat were constructed by the God-King’s of an ancient empire; an awe-inspiring and ornate series of sprawling structures to rival anything previously observed on earth. It's no surprise that an assortment of backpackers, college students and families converge on the region – a unique mixture of ancient and modern culture accentuated by iconic temples, old museums and natural beaches. Yet beyond the cultural destination, lies an area bursting with untapped business potential. Places like Thailand and Singapore are supported by a youthful population, rising middle class and swift urbanization. It's no surprise that there is an enthusiastic marketplace for business in Southeast Asia. Opportunities for growth feature sectors like financial services, oil and construction. The thriving need for dependable infrastructure has seen many construction companies invest in the region. Business leader Takuzo Shimizu, as an example, deploys his companies’ technical knowledge to land agreements for diverse long-term undertakings like subway stations and bridges.
Many people traditionally assume that China and Japan are the greatest hotspots for businesses planning to expand on the continent. Nonetheless, moving further south there is an unbelievably dynamic and emerging market filled with untapped potential. A simple guide on how to do business in Southeast Asia is helpful to understand a region bound by nine official languages, ten different currencies and a multitude of fascinating religious practices. It is not surprising that companies worldwide are eager to invest in various infrastructure, development and e-commerce ventures. There's also fantastic opportunities for local firms to thrive. Technology tycoon Anthony Tan, as an example, has established a transportation business supplying food deliveries and online services. These fantastic developments are driven by the rise of young and significantly middle-class populations paving the way for brand new markets. Southeast Asia technology can benefit the travel industry, where tourists greatly demand online platforms to get around and promote their content.
Indonesia is typically well known for the array of untouched wildlife, iconic temples and fascinating tourist sites. Yet don’t be astonished to notice a rising volume of businessmen replace tourists. It's among the largest petroleum exporters in the entire region; with latest analysis indicating production at around $1.5million barrels per day. Alongside customary economic heavyweights on the continent, these incredible statistics suggests there are considerable business opportunities in Southeast Asia. Powerful figures in the business industry, like Jean-Michel Jacoulot, have plenty of experience within the oil market. But the country is not simply recognized for its crude oil exploration and refinery. As typical of nascent markets, there is a growing demand for consumer driven industries. Commodities like food, beverages and consumer electronics continues to expand. The exponential growth of online users also generates great opportunities for advancement and expansion.