Deputy Finance Minister Lim Hui Ying pointed out that ASEAN’s gross domestic product grew to over USD 4.13 trillion last year, and in terms of foreign direct investment, it also attracted USD 225 billion. This reflects the region’s resilience, and despite uncertainties in the global economic environment, its importance as a global investment hub is increasingly rising.
"If ASEAN were a single economic entity, it would rank fifth in the world, just behind the United States, China, Japan, and Germany. Its foreign direct investment intake also grew by 10% in 2023, outperforming global trends."
Lim Hui Ying made these remarks this morning (7th) at the opening ceremony of the First ASEAN Chinese Business Elite Summit.
She continued that without the vitality, innovation, and hard work of private enterprises, ASEAN’s rapid growth would not have been possible.
Therefore, she noted that business matchmaking events such as those held by the ASEAN Chinese Business Elite Summit are a very good example, enabling companies to more effectively find suitable partners, collaborators, or investors.
"Such platforms promote deal-making, knowledge sharing, and long-term partnerships, thereby strengthening our shared regional economy."
Lim Hui Ying also mentioned that as this year’s ASEAN rotating chair, Malaysia's mission includes deepening regional economic integration, especially in digitalization and local payment systems.
"Malaysia also helps mediate regional disputes, such as facilitating a ceasefire between Thailand and Cambodia, and supports Timor-Leste in joining ASEAN. This demonstrates our continued commitment to regional peace, stability, and progress."
She also praised the event organizer, the Chinese Chamber of Commerce and Industry (CCCIM), saying that CCCIM actively encourages global investors to explore business opportunities in Malaysia, especially by leveraging its extensive international networks, such as Chinese Chambers of Commerce worldwide, and its strong working relationships with other government and business organizations.