ASEAN promotes development of multinational technology companies in the region

Kuala Lumpur (VNA) – ASEAN cannot grow purely on a foreign direct investment (FDI) model but must grow and invest in the region’s technology companies to move forward.

Deputy Investment, Trade and Industry Minister Liew Chin Tong of Malaysia, ASEAN Chair in 2025, said there may be a misconception that technology has to come from outside and that ASEAN is just a production site.

At a press conference following the establishment of the ASEAN Private Market Council, he stressed the need to change this perception. With greater investment, local companies could grow into influential firms not only within the region but also globally.

Read more at en.vietnamplus.vn