# An Introduction to Doing Business in ASEAN 2024

- Link: https://www.thailand-business-news.com/asean/120176-an-introduction-to-doing-business-in-asean-2024
- Published: 2024-01-01T13:47:54+07:00
- Author: ASEAN Briefing

**The ASEAN 2024 business report by Dezan Shira & Associates addresses the impact
of COVID-19 and the Russia-Ukraine crisis on the region’s economy. It also expects
a 4.6 percent growth driven by demand from China and the United States.**

## Introduction to Doing Business in ASEAN 2024

The latest publication from Dezan Shira & Associates, Introduction to Doing Business
in ASEAN 2024, is now available for download through the Asia Briefing Publication
Store. The onset of the COVID-19 pandemic and the Russia-Ukraine crisis severely
impacted ASEAN economies through rising inflation, with economies in the region 
growing at an average of 4.2 percent in 2023. In response, ASEAN members have quickened
the pace of key reforms to improve the ease of doing business and attract foreign
investment in new areas, such as high-value manufacturing capabilities and digital
technology.

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## Impact on ASEAN Economies

For 2024, the ASEAN-6 economies are expected to show collective growth of 4.6 percent,
driven by rising demand from China and the gradual pick-up in consumption in the
United States. Despite the gloomy headlines surrounding China’s economy, manufacturing
continues to slowly grow, which will have a positive spillover effect in Southeast
Asia.

## Reforms and Attracting Foreign Investment

In response to the economic challenges, ASEAN members have focused on improving 
the ease of doing business and attracting foreign investment in new areas, such 
as high-value manufacturing capabilities and digital technology. These reforms are
aimed at driving growth and recovery in the ASEAN region.

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**Read the original article :** [An Introduction to Doing Business in ASEAN 2024 – New Publication from Dezan Shira & Associates ](https://www.aseanbriefing.com/news/an-introduction-to-doing-business-in-asean-2024-new-publication-from-dezan-shira-associates/?rand=93901)

    ```wp-block-preformatted
    This article was first published by AseanBriefing which is produced by Dezan Shira & Associates. The firm assists foreign investors throughout Asia from offices across the world, including in in China, Hong Kong, Vietnam, Singapore, India, and Russia. Readers may write to info@dezshira.com.
    ```