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BISR expert diplomacy: focus on current trends of digital transformation in Southeast Asia

On December 3, BISR analysts, invited by the Foreign Policy Community of Indonesia (FPCI), attended (online) the FPCI-Huawei international conference "Development of the Digital Economy in Southeast Asia: Trends, Opportunities and Obstacles".

In 2020, the digital economy of Southeast Asia grew by $ 100 billion. At the same time, Malaysia, Thailand, Singapore and the Philippines grew from 20% to 30% annually, and Indonesia and Vietnam – by 40% per year. This sector is believed to have saved the Southeast Asia economy due to acceleration of digital transformation.

It was emphasized that it "green" economy-based digital approach will boost faster and more resilient economic growth in the ASEAN member states, which should work together to build a resilient digitized community in the region.

The virtual discussion was attended by Malaysian Foreign Minister Dato Saifuddin Abdullah, Singaporean Minister of State for the Ministry of Trade and Industry Low Yen Ling, Deputy Secretary-General for ASEAN Economic Community Satvinder Singh, Deputy Minister for International Economics Cooperation of Indonesia Edi Prio Pambudi, Secretary General of Vietnam Chamber of Commerce and Industry Nguyen Quang Vinh, Senior Economist at Southeast Asia Regional Department of Asian Development Bank James Villafuerte, Vice President of Huawei Asia Pacific Jay Chen, and also representatives of expert and academic communities.