The Philippines and Indonesia

Create Tomorrow’s Opportunities

The recent economic difficulties that Asia has faced are progressively fading. As food and oil prices have declined and global financial circumstances have improved. With over 650 million people, Southeast Asia offers a sizable market for consumers and a big opportunity for companies seeking growth. 

Governments in this region have put policies in place to encourage the expansion of particular sectors, like manufacturing, tourism, technology, and sustainability. Governments in the ASEAN area have made significant investments in education and training, creating a skilled and talented workforce with a high proportion of people under the age of 30. 

Hence, the Philippines and Indonesia offer a multitude of business prospects for Dutch firms to invest in or expand to due to its strategic location, attractive business environment, and a young and skilled workforce.

The Philippines

Despite the challenges the Philippines faced in 2020 as a consequence of the COVID-19 pandemic, it’s economy showed strong resilience with a gdp growth of 5.6. Being a newly industrialized country, the Philippines are moving away from an agriculture-based economy and into a more industrialized, urban economy. Together with a growing middle class, and a large and young population, the Philippines’ economy becomes a dynamic and a vibrant labor market, reflecting strong customer demand. With it’s unique geographic location, declining poverty, and notable performance amongst sectors, excellent business opportunities are present in the Philippines.

Indonesia

Indonesia is both the biggest and most populous country in South- East Asia. Recent substantial investments in infrastructure show the government’s ambition to gain foreign investors’ interest and to beat established competitors in the region. This strategic focus on infrastructure development, paired with Indonesia’s abundant natural resources and growing consumer market, positions the country as a prime destination for foreign investment in the Southeast Asian region. With a young and dynamic population, Indonesia offers a vibrant and diverse business landscape ripe with opportunities for investors looking to capitalize on its economic potential.

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