ASEAN Advantage Issue 005 – Opportunities Amid Change in ASEAN

Welcome to the fifth issue of ASEAN Advantage, your go-to source for the latest business insights and emerging trends from across Southeast Asia. In this edition, we explore how Southeast Asia is preparing for a second Trump presidency, Indonesia’s expanded e-visa on arrival and its implications for tourism and investment, and the steps foreign investors must take to deregister companies in Vietnam.

New Realities: Southeast Asia Prepares for a Second Trump Presidency

Impact of U.S. Policies on ASEAN Markets

Why It Matters: With Donald Trump elected for a second term, effective January 2025, Southeast Asia faces a renewed focus on U.S. policy changes that may influence regional trade, investment, and geopolitical dynamics. As a fast-growing economic bloc, ASEAN is uniquely positioned to adapt to these changes while advancing its integration and resilience.

Key Highlights:

• Trade Reassessment: Trump's past protectionist policies, such as tariffs and trade renegotiations, could resurface, challenging ASEAN export markets and supply chains. Countries like Vietnam, Malaysia, and Thailand may need to diversify export strategies.
• Geopolitical Balancing: Trump's administration is expected to take a firm stance on China, intensifying the balancing act for ASEAN nations reliant on trade and investments from both superpowers.
• Regional Strengthening: ASEAN may prioritize intra-regional agreements and closer ties with partners like the EU and Japan to counterbalance potential U.S. policy shifts.

Businesses in Southeast Asia should closely monitor developments, diversify trade relationships, and capitalize on ASEAN’s internal strengths to navigate the evolving global landscape.

➡️ Explore further insights on Trump’s presidency and its implications for ASEAN here.

Driving Growth: Indonesia Expands E-Visa on Arrival

Tourism and Investment Catalyst

Why It Matters: Indonesia’s recent expansion of its e-visa on arrival program to cover 102 countries marks a significant move to boost tourism and attract foreign investors. This streamlined process underscores the government’s commitment to improving ease of entry and fostering economic growth.

Key Highlights:

• Simplified Process: Eligible visitors can now obtain e-visas online within minutes, eliminating the need for complex paperwork and lengthy approvals.
• Tourism Impact: This initiative aligns with Indonesia’s efforts to rebuild its tourism industry, a key driver of the economy, in the post-pandemic era.
• nvestment Opportunities: By making it easier for foreign investors to enter Indonesia, the policy supports ongoing efforts to attract capital in sectors like infrastructure, digital economy, and hospitality.

With its natural beauty and thriving business ecosystem, Indonesia is positioning itself as a top destination for both leisure and investment.

➡️ Learn more about the e-visa expansion here.

Navigating Exit Strategies: Company Deregistration in Vietnam

A Guide for Foreign Investors

Why It Matters: While Vietnam continues to be a popular investment destination, there are instances where businesses may need to cease operations. Understanding the deregistration process is crucial for foreign investors to exit the market compliantly and efficiently.

Key Highlights:

• Legal Procedures: Deregistration involves several steps, including tax finalization, asset liquidation, and closing bank accounts.
• Compliance Requirements: Investors must ensure that all debts, taxes, and employee obligations are settled before applying for deregistration.
• Streamlined Process: Vietnam has been working to simplify the deregistration process, making it easier for businesses to exit while maintaining compliance.

Exiting a market can be as complex as entering it. By adhering to Vietnam’s regulatory framework, foreign investors can ensure a smooth transition and maintain a positive track record.

➡️ Discover the full deregistration guide here.

Looking Ahead

As ASEAN navigates global uncertainties and regional opportunities, staying informed is key to capitalizing on this dynamic market. From geopolitical shifts to regulatory reforms, businesses must remain adaptable and forward-thinking.

💡 In our next issue, we’ll delve into how ASEAN’s digital transformation is reshaping industries and creating new opportunities across the region.

Stay connected, stay informed, and unlock your ASEAN Advantage.