(VOVworld) - The economies of the 10 ASEAN member nations are expected to remain its growth of up to 7% in 2017 with Indonesia and the Philippines being the top runners thanks to domestically-sourced products and preferential export policy.
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Rice is one of Vietnam's hard currency earners (Photo: VNA) |
The Jakarta Post quoted Anna Marrs, Standard Chartered’s regional CEO for ASEAN and South Asia, as saying that exports have boosted ASEAN members’ economic growth in the past 3 decades. ASEAN intra-regional trade will maintain its growing trend, accounting for about a quarter of the bloc’s total trade. Increasing purchasing demand will remain ASEAN as an attractive destination for businesses.
Experts predict that investment will continue pouring into ASEAN and South Asia.