Automotive Summit 2014
International Strategies of Volkswagen and its impact for the ASEAN region
Matthias Schmitz
We opened our eighth Southeast Asian office in Manila, Philippines, in January 2014. Under the leadership and governance of the current administration, the Philippine economy has been performing well. The World Bank described the Philippines as the next “Asian miracle”; HSBC estimates it to be the 16th largest economy in the world by 2050; and the country’s growth rate is projected to be one of the highest in ASEAN in the next few years. We identify key opportunities in the infrastructure and consumer sectors in the Philippines and share insights on doing business in the country.