In September 2020, Germany inked its latest foreign policy strategy for the Indo-Pacific region. The strategy document mentioned ASEAN 66 times and outlined a stepping up of engagement with the region – setting the course for a deeper relationship. 

Germany has been an active investor in Southeast Asia. In 2022, total two-way trade between ASEAN and Germany was US$85 billion, 35% more than in 2019, before the pandemic – placing it as the biggest contributor from the European Union bloc. German companies have also invested significantly in ASEAN, across different sectors from automotive, construction, and engineering to chemical technology.  

The CLMV sub-region has strongly enhanced its economic prosperity over the last few years. An increasing growth rate has been recorded which strengthens its image among other large countries in the ASEAN region. In Part I of the podcast series on CLMV Sub-region – the host Ms. Trang Dao, would analyze and explore more insights about the country Myanmar with our special guests: 

Marko Walde, Chief Representative of AHK Vietnam, Myanmar, Cambodia and Laos;   

Ye Htut, Head of Economic Affairs and Trade Relations, AHK Myanmar 

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AHK is happy to assist you with advice and guidance on your interest in doing business in the CLMV Sub-region. Kindly visit us at: https://vietnam.ahk.de/  

Check out our latest blog and infographic to gain the key data and numbers about the CLMV sub-region: https://bit.ly/CLMV_Blog_Infographic