ASEAN’s International Bank

Don’t expand your business across ASEAN, unless you’re with a bank that’s done it before.

ASEAN is a huge opportunity for ambitious businesses, but we also know that with such opportunities come equally varied challenges. With our broad and deep international networks, we can connect you to experienced on-the-ground experts, solutions and more to help you take uncertainty out of expansion.

From its growing consumer base to the rapid rate of digital transformation, expanding your business across ASEAN offers exciting opportunities. You need a partner with an extensive network to help you scale with the full suite of tailored services including access to capital, easy cross-border transactions, advisory services, and more.

We help your ASEAN market entry strategies with:

Innovative Trade Products

Leverage HSBC TradePay for efficient supplier payments and robust inventory management, ensuring business continuity during peak seasons.

Simple Payment Solutions

Simplify your collections with HSBC Omni Collect, a one-stop solution for your in-store and eCommerce needs. Improve customer experience by enabling multiple payment modes, and monitor transactions online to identify new sales trends.

Access to Capital with our ASEAN Growth Fund

Tap into the US$1 billion ASEAN Growth Fund, designed for businesses scaling up in the region, offering accessible and strategic debt financing. For more information on criteria’s, please reach out to your HSBC RM or contact us in the form below.

ASEAN Desk Network

HSBC offers our China Desk Network in Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam with individual experts based who can speak Chinese and provide valuable insights into local business practices, cultures and legal environments. They can also help clients identify growth opportunities and enter new markets in ASEAN.

More than 135 Years of Regional Expertise

Harness HSBC’s extensive regional experience. Benefit from local insights, dedicated support, and comprehensive market research for a competitive advantage in ASEAN markets.

Don’t just take our word for it, we’re award-winning

Recently, we’ve received recognition from leading publications in the financial industry which speaks to our track record as a global bank and the success of our strategy.

Asiamoney Best Bank Awards 2022: Best International Bank in Indonesia Asiamoney Best Bank Awards 2022
Asiamoney Best Bank Awards 2023: Best International Bank in Indonesia
Asian Banking Finance Award 2023: Digital Business Banking Initiative of The Year in Indonesia
The Asset Triple A Treasury: Best ESG Solution – Trade Finance
Sustainable Investing Award The Asset Triple A: Best Sub custodian, Best Fund Administrator, Best Retail Fund
Euromoney Awards for Excellence 2022: Asia's Best Bank for Sustainable Finance

Why Indonesia?

HSBC has been operating in Indonesia for over 140 years serving both local corporates and multinational companies.

Year of establishment: 1884
Presence: 34 branches
US, Europe, and China Desks provide banking coverage for international subsidiaries.
Regional Relationship Managers support regional decision makers with a significant multi-market footprint.

If you’re looking to expand your business into Indonesia and ASEAN, discover more details about local taxes, trading, business culture, regional economies, and more. Visit our latest International Business Guides.

Keep up to date with the latest insights

Keep your finger on the pulse with our latest research, articles, and podcasts.

Latest insights from ASEAN businesses

Discover new sentiment and focus for ASEAN businesses from our survey of 600 finance decision makers in the region.

Download now

The next level: how Southeast Asia is moving up the value chain

Our Southeast Asia (SEA) in Focus report gives you latest market insights and ambitions of international companies expanding to SEA.

International Business Guides

Discover more about doing business in ASEAN markets and beyond. Get details about taxes, trading, business culture, regional economies, and more.

How businesses in ASEAN are building resilience against supply chain disruption

Digitalisation and sound risk management can help businesses in Southeast Asia guard against further shocks.

Navigating Regulatory Challenges: A Guide for Businesses Expanding Across ASEAN

Businesses looking to access cross-border opportunities need to be aware of different requirements around tariffs, taxation, employment laws, and product standards.

ASEAN Business Guide to Indonesia

Located off the coast of mainland Southeast Asia, between the Indian and Pacific oceans, Indonesia’s land archipelago is vast. Rich in heritage, culturally diverse, innovative and progressive, it provides incredible opportunities for international businesses.

ASEAN The Epicentrum of Growth and Opportunity

By the end of 2030, the digital economy in Southeast Asia is expected to grow to USD600 billion in revenue, and 8 out of 10 Indonesian businesses plan to invest more in ASEAN with digital investment as their top priority. Explore our latest survey to see how ASEAN business owners are preparing to expand in the region, and how we can support you on this journey.

Investing in Indonesia Podcast

Discover how Indonesia's youthful population and thriving digital economy as Charles Kho speaks with Nurul Ichwan, Deputy Minister of Investment Promotion, Ministry of Investment / Indonesia Investment Coordinating Board about Indonesia's strong economy and advantages for investors.

Download the latest corridor reports to learn more the opportunities between ASEAN and specific regions.

ASEAN-China-India Corridor Report

ASEAN-Greater Bay Area (GBA) Corridor Report

ASEAN-MENAT Corridor Report

How we support our clients

Whether you are expanding to markets across ASEAN or around the world, discover inspiration for your business from our customers’ stories.

eFishery

An aquaculture company that centre’s its business around fish farmers that focused on adapting technology to improve feed efficiency and lower overall costs, leverages HSBC’s international connection solution to support their international business growth and global expansion.

Our ASEAN markets and connections

Read more about our offering across our 6 ASEAN markets.

Learn more about ASEAN

The Association of Southeast Asian Nations (ASEAN), established in 1967, promotes regional cooperation and integration. It drives economic growth and stability in Southeast Asia, with a combined GDP of over $3 trillion. ASEAN consists of Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam, forming a vibrant market for economic development.

Quick ASEAN facts:

Collectively, ASEAN member countries’ populations were the 3rd largest in the world in 2022.
In 2022, the nominal GDP of ASEAN economies reached US$3.6 trillion, positioning it as the 5th largest in the world and the 3rd largest in Asia.
ASEAN’s economies collectively grew by 5.7% in 2022, maintaining an average annual growth rate of 4.4% during 2010-2022.
ASEAN’s total trade in goods increased by 14.9% reaching US$3.8 trillion in 2022.
In 2022, intra-ASEAN remained the primary export destination for the region, accounting for 22.9% of total exports, while China emerged as the largest importer for ASEAN, also at 22.9%.
With a growth of 5.5%, ASEAN remained an attractive hub for investment in 2022, attracting US$224.2 billion in foreign direct investment (FDI).
In 2022, internet subscription across ASEAN member countries rose to 74.3 out of every 100 individuals, up from 66.6 in 2021.
The ASEAN Digital Economy Framework Agreement (DEFA) was endorsed in August 2023 and aims to accelerate ASEAN's transformation into a leading digital economy that fosters greater digital cooperation. It paves the way for regional digital integration and inclusive growth and development.
At the current trajectory, ASEAN’s digital economy will grow 3x to reach US$1Tn+ by 2030.

Interested in expanding to ASEAN?

T&Cs

One week account opening can only be achieved if all the right, completed documentation is provided and if the CDD process doesn’t reveal high risk indicators.
HSBC reserves the right to request documents.
HSBC is able to provide single point of contact service for account opening in markets & territories beyond ASEAN.
HSBC TradePay is available in selected sites and subject to prior credit adjudication and approval.
Payments are subject to processing time.
Pre-approved finance allows you to trade with confidence.
The ASEAN Growth Fund will be revised periodically.
Lending criteria is up to HSBC’s discretion.

Sources

ASEAN Statistical Highlights 2023 – ASEAN Org.,

ASEAN DEFA Study – ASEAN Org.

Disclaimer

The Association of Southeast Asian Nations (ASEAN)

The content on this page (“ASEAN website”) was prepared by PT Bank HSBC Indonesia.

The information contained in this ASEAN website is derived from sources we believe to be reliable but which we have not independently verified. HSBC makes no representation or warranty (express or implied) of any nature nor is any responsibility of any kind accepted with respect to the completeness or accuracy of any information, projection, representation or warranty (expressed or implied) in, or omission from, this ASEAN website. No liability is accepted whatsoever for any direct, indirect or consequential loss (whether arising in contract, tort or otherwise) arising from the use of or reliance on this ASEAN website or any information contained herein by the recipient or any third party. If you seek to rely in any way whatsoever upon any content contained in this ASEAN website, you do so at your own risk.

This ASEAN website does not constitute an offer or solicitation for, or advice that you should enter into or start using, any of the arrangement, product or services mentioned in this ASEAN website. Recipients should not rely on this ASEAN website in making any decisions and they should make their own independent appraisal of and investigations into the information described in this ASEAN website. No consideration has been given to the particular business objectives, financial situation or particular needs of any recipient. Any examples given are for the purposes of illustration only.

All the information set out in this ASEAN website is provided in good faith to the best of HSBC’s knowledge and understanding of the current law, rules, regulations, directions and guidelines governing or otherwise applicable to the relevant services offered by HSBC but HSBC makes no guarantee, representation or warranty and accepts no liability as to its accuracy or completeness. Future changes in such law, rules, regulations etc. could affect the information in this ASEAN website but HSBC is under no obligation to keep this information current or to update it. Expressions of opinion are those of HSBC only and are subject to change without notice.

Copyright © PT Bank HSBC Indonesia. All rights reserved. No part of this ASEAN website may be reproduced, stored in a retrieval system, or transmitted, on any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of HSBC.

PT Bank HSBC Indonesia is licensed & supervised by the financial services authority (OJK) Bank Indonesia (BI) and a guaranteed participant of the Indonesia Deposit Insurance Corporation (LPS)

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