ASEAN SME Entrepreneurs (Women & Youth). The ASEAN Economic Community (AEC) came into effect on Dec. 31, 2015. The Micro, Small and Medium Enterprises (MSMEs) contribute significantly to value addition, employment generation, exports and overall growth and development of the ASEAN countries’ economies. SMEs are the backbone of the ASEAN economy, accounting for more than 96 percent of all enterprises and for between 50 to 95 percent of all employment in the many ASEAN Member States. Strengthening the capacities and capabilities of SMEs in ASEAN is among the highest impact interventions that can be made to accelerate growth in ASEAN and advance the interests of the ASEAN Economic Community. Read more here about ASEAN Small Business – Micro & SME on our additional page for more ASEAN country related SME information.
ASEAN SME Entrepreneurs & US-ASEAN Business Council
The U.S. Agency for International Development (USAID) and US-ASEAN Business Council signed in March 2014 a Memorandum of Understanding (MOU) to create the US-ASEAN Business Alliance for Competitive Small and Medium Sized Enterprises (SMEs). The Business Alliance will combine the efforts of USAID and major U.S. corporations to develop the capacity and boost the competitiveness of SMEs in the ASEAN region. The Business Alliance will use training programs, mentorship opportunities, and cloud technology to support SMEs in the five key areas: access to finance; access to regional and international markets; human resource development; access to information and advisory services; and access to technology and innovation. The US-ASEAN Business Council, through its ASEAN Committee led by Procter & Gamble, UPS, HP, GE, and Microsoft, is proud to announce the launch of an innovative public-private partnership with USAID to also expand support to SMEs in ASEAN.
Leveraging the AEC for Small Business Expansion
Leveraging the ASEAN Economic Community (AEC) for small business expansion. Supporting small businesses is a key priority for ASEAN over the next coming years. Now is the time for all local entrepreneurs to act to take advantage of the benefits becoming available through the new ASEAN Economic Community (AEC). ASEAN – Searching for Entrepreneur SME in ASEAN countries? Please visit any of the country links below to find more useful SME information.
ASEAN Small Business Opportunities
ASEAN Small Business Ideas
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By Pranee Thongsuk