Vietnam and tech-enabled disruptors to turbocharge Asean growth over next decade

SOUTH-EAST Asia’s traditional growth drivers are being turbocharged by a vibrant, technology-enabled entrepreneurial sector and a “China dividend” as the mainland grows and companies diversify their supply chains.

In a new report titled “Southeast Asia’s Pursuit of the Emerging Markets Growth Crown”, Bain & Company and Monk’s Hill Ventures’ Angsana Council examined four growth drivers for the region.

South-east Asia is projected to grow by 4 to 5 per cent annually over the next 10 years. Vietnam will lead the charge at a projected growth rate of 5 to 7 per cent, compared with 5.6 per cent from 2011 to 2021. It is best positioned to benefit from China’s growth and supply-chain diversification.