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Net Foreign Direct Investment Trends Across ASEAN-5

(Source) IMF International Financial Statistics, Central bank reports and online databases from Bank of Thailand, Bank Negara Malaysia, Bank Indonesia, Bangko Sentral ng Pilipinas, and State Bank of Vietnam.
(Source) IMF International Financial Statistics, Central bank reports and online databases from Bank of Thailand, Bank Negara Malaysia, Bank Indonesia, Bangko Sentral ng Pilipinas, and State Bank of Vietnam.

This stacked bar chart shows net FDI inflows from 2016 to 2024 for ASEAN-5 (Thailand, Philippines, Malaysia, Indonesia, Vietnam), broken down by country.


Key Points:

  • Vietnam and Indonesia lead consistently: Vietnam stands out as the top FDI recipient since 2021, while Indonesia maintains solid inflows across the period.

  • Thailand and the Philippines show instability: Thailand, in particular, recorded a sharp net outflow of around USD -2.5 billion in 2020.

  • Malaysia is stable but modest: Although the volume is smaller, Malaysia shows relatively consistent investment trends.


Implication:

The chart reveals a growing divergence in FDI competitiveness within ASEAN. Vietnam’s strong showing suggests investor confidence tied to supply chain relocation, while Indonesia’s large market remains attractive. In contrast, Thailand and the Philippines may need policy and structural reforms to regain momentum.



 
 
 

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