How Asean is building trust in its digital economy

Creating a strong integrated digital economy will enable Asean to compete more effectively in the global economy and provide greater opportunities for its citizens, says the writer. — Photo cafebiz.vn

ASEAN’s outlook is of oneness – one vision, one identity and one community. But it is a vision that the turbulence caused by the Fourth Industrial Revolution, rapid digital transformation and challenging geopolitics and economics is shaking.

Engendering greater trust among Asean member states in its policy tools and vision, is paramount to its progress and aspiration of developing a community of opportunities for all. One such huge opportunity is its digital economy, which it is estimated will grow from its current size of approximately US$300bil (RM1.4 trillion) to almost US$1 trillion (RM4.6 trillion) by 2030.