Doing Business In Asia – Interesting Facts

Doing Business In Asia – Interesting Facts

Posted on 19/03/2013 by Phil Hall


The pace of growth in Asia is being led by the economies of India and China. But opportunities for UK business in Asia don’t end there as these facts from UK Trade & Investment demonstrate. Did you know…

There are around 20 million people in Vietnam with a purchasing power equivalent to the average Australian citizen

Indonesia is a growing market for UK companies with a population of over 240 million and a growing affluent and aspirational middle class numbering 45 million – larger than that of India

The IMF predicted in October 2011 that growth in Taiwan will reach 10.8% in 2012, ahead of China at 9% and India at 7.5%

By 2030, China’s cities will be home to another 350 million people – more than the entire population of the USA

From January to September 2011, UK exports of goods to the Philippines amounted to £207 million

Singapore has consistently ranked number one globally by the World Bank in its annual ‘Ease of Doing Business’ report

Indonesia has the 2nd largest number of Facebook users (35,806,120 subscribers in September 2011); 47% of the population of Jakarta have smart phones

Direct flights between Vietnam and UK began on 8 December 2011

The Greater Tokyo region in Japan has an bigger economy than Russia

Vietnam has been predicted to enjoy the highest projected annual growth of 8.8% by 2050, surpassing India and China

With a population of 98 million the Philippines is one of the largest English speaking countries in the world

The South Korean fashion market is currently valued at approx £17 billion

Tesco is the largest UK investor in Thailand with over 660 stores across the country

India has the youngest working population in the world (50% of India’s population are under 25 years)

The Malaysian education and training market is worth £240 million a year to the UK.

About half of the world’s population is within 5 hours’ flying time of Hong Kong


For insights about the Asian markets, visit

Posted by UK Trade & Investment in Business trends on Wed, 04/04/2012  HR Support & Mentoring, Non Executive Directors