Eager to grow your organization internationally? Go beyond the established market and evaluate the rich potential in developing countries
Most people normally assume that Japan and China are the ultimate hotspots for businesses planning to expand in the continent. But, moving further south there is an extremely dynamic and emerging marketplace brimming with untapped potential. A quick guide on how to do business in Southeast Asia is a good idea to appreciate a region bound by nine established languages, ten different currencies and a multitude of intriguing religious beliefs. It is not surprising that organizations across the world are desperate to invest in various infrastructure, development and e-commerce ventures. There are additionally great 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 fascinating innovations are driven by the growth of young and significantly middle-class populations paving the way for brand new markets. Southeast Asia technology can help the travel industry, as tourists heavily require digital platforms to get around and share their content.
Did you know the temples of Angkor Wat were built by the God-King’s of an ancient empire; a breath-taking and ornate complex of rambling structures to match anything previously seen on the planet. It's no great surprise that a mixture of backpackers, students and families converge on the region – a distinctive mixture of ancient and modern culture accentuated by renowned temples, old museums and untouched beaches. But beyond the cultural appeal, lies an area brimming with untapped business potential. Areas like Thailand and Singapore are backed up by a youthful population, expanding middle class and rapid urbanization. It's no surprise that there's a dynamic marketplace for business in Southeast Asia. Opportunities for growth consist of fields like financial services, oil and construction. The flourishing need for reputable infrastructure has seen many construction businesses invest in the region. Market leader Takuzo Shimizu, for instance, uses his companies’ technical knowledge to secure contracts for diverse long-term ventures like subway stations and bridges.
Indonesia is usually recognized for the array of natural wildlife, iconic temples and engaging cultural destinations. But don’t be shocked to view a growing number of businessmen substitute tourists. It is among the largest petroleum exporters in the whole region; with current analysis showing production at about $1.5million barrels per day. Alongside customary financial heavyweights on the continent, these staggering numbers implies there are copious business opportunities in Southeast Asia. Important figures in the business land, like Jean-Michel Jacoulot, have loads of experience in the oil trade. Yet the country is not just recognized because of its crude oil exploration and refinery. As typical of emerging markets, there is a rising interest in consumer led industries. Commodities like food, beverages and consumer electronics continues to expand. The exponential growth of internet users also yields spectacular possibilities for development and expansion.