In a recently published deep analysis article, Forbes raises an important question: as the Chinese economy slows down, where will high-growth companies choose to list, considering that major economies like the US are still recovering? The answer, according to Forbes, points to Southeast Asia as the next destination for emerging Asian companies.
Singapore, Vietnam, and Indonesia are poised to become economic powerhouses in the next decade, especially in Southeast Asia. With a young population and a business-friendly environment, these countries provide fertile ground for innovative companies looking to expand globally. NASDAQ is seen as a feasible option for many Emerging Growth Companies (EGCs) on their international development journey.
Forbes highlights Singapore’s position as a financial hub in the region, with businesses seeking alternative options outside of Hong Kong, China. Singapore’s strengths lie in its developing technology sector and favorable investment environment. Large businesses in Singapore also boast extensive experience in international relations, a modern legal system, and strict accounting practices.
Vietnam is singled out by Forbes within Southeast Asia. The dynamism of Vietnam’s business community resembles the model of Silicon Valley in previous years. The listing of VinFast, an automobile manufacturer, on the US stock exchange is a notable example. VinFast, with its parent company Vingroup, has brought Vietnam’s advanced electric vehicle manufacturing capabilities to customers worldwide in record time.
VinFast has established its US headquarters in Los Angeles within just a few years. The company is set to build a large factory in North Carolina and has opened stores in France, Germany, and the Netherlands.
In addition to VinFast, Forbes also mentions VNG, a Vietnamese technology company planning to raise capital in the US in the near future.
Forbes analyzes Vietnam’s remarkable growth, which has attracted significant attention from the political sphere. President Joseph Biden recently visited Hanoi to strengthen cooperation and praised Vietnamese businesses, particularly highlighting the significance of VinFast in the US.
Apart from Vietnam, Forbes also highlights Indonesia as another growing center in the region. The country’s advantage lies in its large population, increasingly tech-savvy, and the government’s commitment to modernize the economy.
Southeast Asia is emerging as a global economic powerhouse, with supply chains, technology development, and fundraising of diversified businesses shifting to new markets. As these emerging companies seek sustainable growth, the US stock market is considered an attractive choice for optimizing valuation and penetrating a market with strong liquidity. Listing directly or through Special Purpose Acquisition Companies (SPACs) can provide a faster path to an IPO in the US.
According to Forbes, Southeast Asia’s rise as an economic force is imminent.
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