The supply chain shifts towards this part of the world have also benefitted UOB. In 1H2025, UOB’s financial supply chain management (FSCM) anchors grew by 21% y-o-y and spokes grew by 18% y-o-y. Over two-thirds of this growth is Asean-based companies, says the bank.
United Overseas Bank (UOB) expects inbound foreign direct investments (FDIs) into Asean to reach US$370 billion ($479.33 billion) by 2030, up from US$225 billion in 2024, according to UNCTAD’s World Investment Report.
The estimate, shared at UOB’s Gateway to Asean conference on Oct 16, comes as the region emerged as a key beneficiary from the shift in global supply chains, which began during the Covid-19 pandemic and accelerated due to trade tensions and broad-based tariffs.
