With the recent release of the Google e-Conomy SEA 2020 Report on investment trends in Southeast Asia, investors are cautious, yet optimistic, about the financing scene.
One example of continued growth is in Vietnam. While already burgeoning in 2019 with $362.5 billion USD in investments, the country has remained relatively stable with funding in the region of $337.9 billion USD as of June 2020.
The healthtech and edtech sectors in Southeast Asia also flourished throughout the region during 2020. Neighbouring countries, India and China remained in the lead in the levels of funding, yet Southeast Asia accounted for 21% of financed projects, with many digital platforms such as contract tracing apps, symptom checking websites and mergers between existing healthcare providers making up the bulk of financed projects.
With the US-China trade war in its third year and the election of Joe Biden as a possibly more mollifying influence on the two countries’ trade relations, Southeast Asian economies may benefit from a more normalised partnership between China and the United States.