DOING BUSINESS IN SINGAPORE & ASEAN

ASEAN, with its trade links to all of the world's major economies, is projected to be the world's 4th largest market by 2030. In fact, if it was a country, it would be the 6th largest economy in the world with a combined GDP of US$2.6 trillion. As an example of the growing interest in the region, Southeast Asia's internet economy alone was estimated to have reached US$100 billion in 2018, and it is expected to triple by 2025. Coupled with the fact that more than 90% of internet users in Southeast Asia are smartphone users, this presents a sizeable market for technology firms to enter. 

In Singapore, some 45,000 British citizens live in-country and there are 4,000 British businesses already operating here, with more looking at trade or expansion opportunities. UK-ASEAN trade is worth nearly GBP £37 billion, more than Australia, Brazil, India, Japan, New Zealand, and Russia to the UK. 

To provide members with a channel to reach into South East Asian markets, we actively engage with British Chambers and Business Groups in the South-East Asian region. The geographic spread of the network provides a strong business community in the region, giving members who are already established or intend to establish themselves in South East Asia a validated third party contact to provide representation, services, information and guidance. Members of the British Chamber in Singapore are entitled to member rates for events hosted by the regional Chambers around ASEAN upon request. 

With thanks to the PwC Growth Markets Centre for provision of Foreign Trade Indicator statistics referenced below. 
 



BRUNEI

After several years of decline, Brunei GDP has started to rise again, led by an increase in the price and production of oil and gas. The country remains heavily dependent on this sector, but is looking to diversify into a number of fields which play into the strengths of the population of 423,000 people.

  • Import value from Singapore: USD$573 million
  • Export value to Singapore: USD$555 million
  • Industries: Petroleum, refining, liquefied natural gas, construction, agriculture, aquaculture and transportation
     
FOREIGN TRADE INDICATORS
(USD$bn) 2017 2018 2017-2018 Growth
Imports of Goods  3.088 4.157 34.6%
Exports of Goods 5.588 6.571 17.6%
Imports of Services 1.248 1.578 26.4%
Exports of Services 0.551 0.570 3.4%

 

 

 

 

BRITAIN BRUNEI BUSINESS FORUM

BBBFThe Britain Brunei Business Forum was founded under the patronage of the British High Commission in Brunei to enable British and Bruneian business people to meet together in order to further trade. BBBF assists Bruneian business people in finding British partners for enhancing both parties business performance and circulates information about opportunities for business with Britain through the Bruneian business community. The forum provides a diverse and inclusive network to build opportunities for British, international and local organisations in Brunei with ties to British business.

For more information visit www.britbrubus.com or call +673 (2) 222231.


CAMBODIA

Cambodia is a developing market economy with very open investment policy and real opportunities for creative entrepreneurs and dynamic businesses. Recently, Cambodia has become a lower-middle-income country and is estimated to become an upper-middle-income country by 2030.


FOREIGN TRADE INDICATORS
(USD$bn) 2017 2018 2017-2018 Growth
Imports of Goods  14.284 12.700 -11.1%
Exports of Goods 11.278 17.490 55.1%
Imports of Services 2.744 3.044 10.9%
Exports of Services 4.608 5.451 18.3%

 

 

 

 

BRITISH CHAMBER OF COMMERCE CAMBODIA

BritCham CambodiaThe British Chamber of Commerce of Cambodia (BritCham Cambodia) was founded as the British Business Association of Cambodia in 1995 by Senaka Fernando MBE. In 2013, it was officially registered as a Chamber of Commerce with the Cambodian government. They welcome all individuals with an interest in the UK and Cambodia. The Chamber currently has over 100 corporate and individual UK, international and national members.

For more information visit www.britchamcambodia.org or call +855 89 333 477.


INDONESIA

Indonesia is a founding member of ASEAN and the largest economy in Southeast Asia with nearly half of the region's total GDP. It is predicted to be within the world's top 10 largest economies by 2030. 

  • Import value from Singapore: USD$23.54 billion
  • Export value to Singapore: USD$12.92 billion

FOREIGN TRADE INDICATORS
(USD$bn) 2017 2018 2017-2018 Growth
Imports of Goods  156.985 205.521 30.9%
Exports of Goods 168.810 180.012 6.6%
Imports of Services 32.706 35.070 7.2%
Exports of Services 25.327 28.002 10.6%

 

 

 

 

BRITISH CHAMBER OF COMMERCE IN INDONESIA

BritCham IndonesiaThe British Chamber of Commerce has been established since 1999 and builds on a British business presence that extends more than a hundred years. Over those years, they have had the pleasure of welcoming the most influential politicians, business leaders, world commentators, renowned experts in various fields and academicians as guests to over various forums. Each year, they host more than one hundred events that provide broad platforms for business development amongst their members. 

For more information visit www.britcham.or.id or call +62 21 5229453.


LAOS

Laos is a single-party socialist republic and has been part of ASEAN since 1997. In recent years the economy has improved with ongoing projects in mining, hydroelectrics, garment exports and tourism. The British Embassy was reopened in Laos in 2012 and the British Business Group followed shortly after. 


FOREIGN TRADE INDICATORS
(USD$bn) 2017 2018 2017-2018 Growth
Imports of Goods  5.159 5.848 13.4%
Exports of Goods 4.909 5.814 18.4%
Imports of Services 1.116 1.154 3.4%
Exports of Services 0.780 0.921 18.1%

 

 

 

 

BRITISH BUSINESS GROUP LAOS

BBG LaosThe mission of the BBGL is to represent and support the commercial interests of its British, Lao, and international members by acting as a platform to create and promote business opportunities within the working community. The BBGL encourages trade and investment between Lao PDR and the UK, regularly sharing relevant content from both countries.

For more information visit www.bbglao.org or call +856 (0)207 802 8885.


MALAYSIA

Malaysia's multi-faceted economy has a thriving service and manufacturing industry that has been cultivated and fostered by foreign direct investments. With a stable political landscape, a legal and educational system compatible with the UK and economy maturity, Malaysia is a conducive environment that remains unsaturated.  

  • Import value from Singapore: USD$25.53 billion
  • Export value to Singapore: USD$34.72 billion

FOREIGN TRADE INDICATORS
(USD$bn) 2017 2018 2017-2018 Growth
Imports of Goods  194.749 217.971 11.9%
Exports of Goods 217.722 248.671 14.2%
Imports of Services 42.382 44.557 5.1%
Exports of Services 37.066 40.164 8.4%

 

 

 

 

BRITISH MALAYSIAN CHAMBER OF COMMERCE

BritCham MalaysiaEstablished in 1963, the British Malaysian Chamber of Commerce (BMCC) has been driven by the sole ordinance of advancing bilateral trade relations between the UK and Malaysia. Over the past five decades, the BMCC has been a catalyst in providing Malaysian-based businesses with networking and exposure, knowledge exchange and bilateral trading support services. Today, the BMCC has firmly rooted itself as one of Southeast Asia’s most prolific Chambers. 

For more information visit www.bmcc.org.my or call +60 3 2163 1784.


MYANMAR

Myanmar is a country of over 51 million people in a strategic location between China and India with plentiful natural resources. The country is catching up on decades of under-development which presents opportunities for British businesses in a broad range of sectors. The market remains challenging with risks which should be taken into account.

  • Import value from Singapore: USD$3.69 billion

FOREIGN TRADE INDICATORS
(USD$bn) 2017 2018 2017-2018 Growth
Imports of Goods  19.253 19.337 0.4%
Exports of Goods 13.877 16.654 20%
Imports of Services 2.882 3.456 19.9%
Exports of Services 3.846 4.690 21.9%

 

 

 



BRITISH CHAMBER OF COMMERCE MYANMAR

BritCham MyanmarThe British Chamber of Commerce Myanmar is an independent, non-profit membership organisation which aims to promote, support and represent business interests in Myanmar. The organisation launched in July 2014 with the support of high profile British businesses - four Founding Patrons: Shell, Jardines, Prudential and Standard Chartered Bank.

For more information visit www.britishchambermyanmar.com or call +95 1 925 3748.


PHILIPPINES

The Philippines offers a liberalised economy and a highly westernised culture that is receptive to UK products and services. Less than two hours flying time to Hong Kong, it is within four hours of other major Asian cities and lies astride major international shipping lanes. 

  • Export value to Singapore: USD$4.32 billion

FOREIGN TRADE INDICATORS
(USD$bn) 2017 2018 2017-2018 Growth
Imports of Goods  101.901 119.002 16.8%
Exports of Goods 68.712 69.307 0.9%
Imports of Services 26.138 26.975 3.2%
Exports of Services 34.831 37.468 7.6%

 

 

 



BRITISH CHAMBER OF COMMERCE OF THE PHILIPPINES

BritCham PhilippinesThe British Chamber of Commerce Philippines (BCCP) is an independent, non-profit membership organisation whose primary objective is to support the development of its members’ business and social interests in the British and Philippine communities, helping them achieve their objectives. Founded in 1997 as the British Business Association, they became a British Chamber of Commerce in 2001. Today, they represent over 270 member companies and individuals with a membership network of over 600 entrepreneurs and senior executives of multinational corporations and SMEs.

For more information visit www.britcham.org.ph or call +63 2 556 5232.


THAILAND

Thailand's economy is ranked in the top three within ASEAN in terms of size and volume of international trade. The country maintains an open, market-oriented economy and views foreign investment as a means of promoting economic development, employment and technology transfer. 


FOREIGN TRADE INDICATORS
(USD$bn) 2017 2018 2017-2018 Growth
Imports of Goods  222.763 191.967 -13.8%
Exports of Goods 236.694 241.010 1.8%
Imports of Services 46.668 55.173 18.2%
Exports of Services 70.964 81.331 14.6%

 

 

 


BRITISH CHAMBER OF COMMERCE THAILAND

BritCham ThailandFounded in 1946, the British Chamber of Commerce Thailand (BCCT) is the oldest foreign chamber and the largest non-Asian foreign chamber in Thailand. In addition, it is the largest and oldest British Chamber in Asia. At its inception there were 17 founding British members and three associate members. The BCCT has a seat on the Board of Trade of Thailand and is active in representing members’ interests on the Joint Foreign Chambers of Commerce Thailand. BCCT is actively supporting the establishment of the European ASEAN Business Centre in Thailand.

For more information visit www.bccthai.com or call +66 (0) 2651 5350.


VIETNAM

Vietnam has one of the fastest-growing, vibrant economies in the region. Over the past ten years economic growth has been second only to China and GDP has been doubling every ten years since 1986. 

FOREIGN TRADE INDICATORS
(USD$bn) 2017 2018 2017-2018 Growth
Imports of Goods  210.625 236.868 12.5%
Exports of Goods 213.931 243.698 13.9%
Imports of Services 17.109 18.611 8.8%
Exports of Services 21.018 23.754 13%

 

 

 


BRITISH BUSINESS GROUP VIETNAM

BBGVThe British Business Group Vietnam (BBGV) started as a luncheon club in 1991 and was first licensed in 1998. They were the first-ever Foreign Business Group to obtain formal recognition in Vietnam. The BBGV now boasts more than 450 members. BBGV’s main objective is to promote their members’ business interests in Vietnam, through various business and social events.

For more information visit https://bbgv.org or call +84 (28) 3829 8430.