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The Four Giants of Southeast Asia

The idea of an economic bloc in Southeast Asia is finally coming to fruition after 30 years of discussion.

​When it does, the ASEAN Economic Community (AEC) will create a single market of over 600 million people, making the region more attractive than any single nation would be on its own and boosting its long-term prospects.

Much of the progress is being driven by urbanization, supported by a young, literate population and growing middle class, coupled with competitive labour costs. However, amid this potential, much of Southeast Asia faces challenges of transparency, legal and political risks, and corruption.

Following is the emerging picture for four of the biggest countries in the economic bloc: Indonesia, Thailand, Vietnam and the Philippines.

SEA four giants1.jpg

By the end of 2015, ASEAN (the association of Southeast Asian Nations) will undergo one of its most profound changes in decades as it integrates into a single market -the ASEAN Economic Community (AEC). To mark this landmark move, JLL looks at the four biggest markets in the region by population - Indonesia, the Philippines, Vietnam and Thailand - and discovers how urbanisation is driving their transformation.

​---------- Urbanisation is increasing across SE Asia ----------
---------- Infrastructure is improving in each country ----------
​---------- But business conditions are varied ----------
SEA Office Rents 3Q15.jpg
---------- Change is driving connectivity ----------
This article is from JLL Real Views.​