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Digital masterplan to boost ASEAN economy over the next five years Listen with ReadSpeaker

Digital masterplan to boost ASEAN economy over the next five years

The first-ever ASEAN Digital Ministers’ Meeting took place recently in Kuala Lumpur and fittingly it was held in a digitally virtual environment. The two-day meeting was chaired by Malaysia's Communications and Multimedia Minister and attended by ministers from all ten ASEAN member states: Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.

By the end of the meeting, the group launched the ASEAN Digital Masterplan 2025 to guide the group's digital cooperation over the next five years. The masterplan comprises eight desired outcomes that seek to propel the region towards making it a leading digital community and economic bloc:

  1. To speed ASEAN’s recovery from COVID-19
  2. Increase the quality and coverage of fixed and mobile broadband infrastructure
  3. The delivery of trusted digital services and prevention of consumer harm
  4. A sustainable competitive market for the supply of digital services
  5. Increase in the quality and use of e-government services
  6. Digital services to connect businesses and facilitate cross-border trade
  7. Increased capacity of businesses and people to participate in the digital economy
  8. A digitally inclusive society in ASEAN

With participation by the group’s key dialogue partners including China, Japan, South Korea, India and the United States, the group agreed to exchange and cooperate on digital development policy, digital technology in pandemic prevention and control, digital innovation, digital infrastructure, digital security, and digital capacity building.

ASEAN is home to over 600 million people and the World Economic Forum believes that the region’s digital economy is projected to add an estimated USD 1 trillion to the region’s gross domestic product over the next ten years. This masterplan will support the region’s recovery from COVID-19, connect businesses and facilitate cross-border trade and build a digitally inclusive society.

Read more about the ASEAN Digital Masterplan at ADGMIN1 successfully concludes, charting 5-year vision for ASEAN digital development plan | Astro Awani.

Check out more insights into Asia trends on DKSH’s Insights.