LinkedIn: SE Asia ideal for going global

Chinese firms recognize advantages in region to boost internationalization

Lower costs, a more friendly business environment and cultural proximity are among the key factors that now drive Chinese enterprises to prioritize international expansion in Asia, industry observers said.

According to the International Labour Organization, per capita monthly income in 2021 in Vietnam and Indonesia was $291 and $176, respectively. Low labor costs have attracted global companies, especially manufacturers, to expand their industrial layouts in Southeast Asia.

Experts also said Southeast Asian countries have abundant labor resources and strong consumer demand.