From rising income inequality and environmental pressures, to geopolitical threats and technological disruptions, these are just some of the challenges facing the Association of Southeast Asian Nations (ASEAN), a vibrant region made up of 10 member states including Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam.
From 11-13 September 2018, the World Economic Forum brought together over 700 public and private sector leaders from 40 countries in Ha Noi, Viet Nam. The aim was to discuss and address the challenges facing the region. The meeting focused in particular on the importance of entrepreneurship in shaping the region’s future.
As a strategic partner, PwC once again had an active presence at the event, with our leaders taking part in sessions on topics ranging from the role of private capital, to trade and investment, to the future of retirement, and more.
Since its inception, ASEAN has grown to become the sixth-largest economy globally, however a number of challenges raise questions about the sustainability of the region’s growth. In order to fulfil their true potential, ASEAN nations need to take more proactive measures, with the private sector playing a major role. What innovative strategies can governments and businesses deploy to address the challenges and opportunities facing the region?
David Wijeratne, Growth Markets Centre Leader, PwC Singapore, and Dinh Thi Quynh Van, Senior Partner of PwC Vietnam, share their insights live at a press conference at the WEF meeting in Ha Noi on 12 September.