Eager to expand your business internationally? Go beyond the established market and consider the rich potential in developing nations
Indonesia is typically recognized for an abundance of untouched wildlife, legendary temples and intriguing cultural attractions. But don’t be shocked to view a growing number of businessmen substitute vacationers. It's one of the largest petroleum exporters in the whole region; with recent studies showing production at somewhere around $1.5million barrels daily. Alongside regular economic heavyweights in the continent, these incredible figures suggests there are ample business opportunities in Southeast Asia. Prominent figures in the business sphere, like Jean-Michel Jacoulot, have an abundance of experience within the oil trade. But the country is not simply known because of its crude oil exploration and refinement. As typical of emerging markets, there is a growing interest in consumer led industries. Commodities like food, beverages and consumer electronics will continue to grow. The huge rise of online users also produces fantastic possibilities for innovation and expansion.
People normally believe that China and Japan are the optimum hotspots for businesses looking to expand on the continent. Nevertheless, going further south there is an extremely dynamic and emerging marketplace full of untapped potential. A simple guide on how to do business in Southeast Asia is a good idea to appreciate a region bound by nine official languages, ten different currencies and an array of fascinating religious beliefs. It is not astonishing that businesses around the globe are keen to invest in different infrastructure, development and e-commerce ventures. Additionally, there are fantastic opportunities for regional companies to thrive. Technology tycoon Anthony Tan, as an example, has built a transportation business supplying food deliveries and online services. These exciting developments are driven by the growth of youthful and increasingly middle-class populations paving the way for brand new markets. Southeast Asia technology can help the travel sector, where tourists greatly demand digital platforms to get around and promote their content.
Did you know the temples of Angkor Wat were built by the God-King’s of the ancient world; an awe-inspiring and elaborate series of sprawling structures to rival anything ever viewed on earth. It's no surprise that an assortment of backpackers, college students and families converge on the region – an eye-catching blend of ancient and contemporary customs highlighted by legendary temples, old museums and untouched beaches. But beyond the tourist attraction, lies an area bursting with untapped business potential. Places such as Thailand and Singapore are backed up by a young populace, rising middle class and fast urbanization. It's no surprise that there's an enthusiastic market for business in Southeast Asia. Opportunities for development consist of fields like financial services, oil and construction. The flourishing need for quality infrastructure has seen numerous construction businesses invest in the region. Industry leader Takuzo Shimizu, for instance, uses his organizations’ technical knowledge to land contracts for wide ranging long-term ventures like subway stations and bridges.