Still Don’t Know? These Places Are the New “Gold Rush” Markets for the Vaping Industry!

Behind every company going abroad is data, policies, credit and a comprehensive" bet "on the future. Only by choosing the right channel can you increase the winning rate!

It is a fact that Southeast Asia's economy continues to rise rapidly, and it is also a fact that there are more and more opportunities for gold mining.

There are 11 countries in Southeast Asia: Myanmar, Thailand, Cambodia, Laos, Vietnam, Philippines, Malaysia, Singapore, Brunei, Indonesia, and East Timor, with an area of approximately 4.57 million square kilometers and a population of approximately 700 million.

This is 700 million people who cannot be ignored, and Vietnam and Malaysia are the most eye-catching countries among them.

Vietnam's economic growth rate ranks first in Asia

Of course Vietnam is a small country. How small is it? If you look at the area, it is only 329556 square kilometers.

In terms of population, Vietnam has a total of 97.468 million people, second only to Guangdong, Shandong and Henan, and higher than Jiangsu and other provinces.

Vietnam's gross domestic product (GDP) for the first time in 2022 exceeded US$400 billion, equivalent to 2.712 billion yuan!

Data released by the General Bureau of Statistics of Vietnam shows that Vietnam's gross domestic product (GDP) will be year-on-year in 2022 Increase by 8.02%, the largest increase in 12 years, First in Asia.

Malaysia continues to rise

Malaysia is a famous tourist destination, but few people know that it is one of the busiest shipping lanes across the world. Malaysia is experiencing rapid changes due to its superior geographical location, rich natural resources, solid economic foundation, and complete investment legal system due to its advantages such as the system and the world's top university rankings. Attract global international capital investment.

(Night view of Kuala Lumpur Twin Towers)

Rich people from all over the world are flocking to Malaysia, including wealthy people in the United States and the United States. This country has low tax rates, a good legal environment, first-class food hygiene, and first-class medical standards...

  In 2022, Malaysia's import and export trade volume year-on-year Growth by 27.8%, the fastest growth in trade volume since 1994. Total trade, imports, exports and trade surplus both set historical records.

Looking at other countries in Southeast Asia, Everyone seems to be lively：

Indonesia's GDP in 2022 Increase by 5.31%, the highest growth rate in nine years. Consumption, exports and investment support Indonesia's economic growth in 2022. Among them, the fastest growing industry was transportation and warehousing, with year-on-year. Growth by 19.87%; Exports of goods and services year-on-year Increase by 16.28%。

Also in 2022, Thailand's total exports will be approximately US$287.1 billion, setting a record high, compared with 2021 Increase by 5.5%。

Philippine Economy Growth by 7.6%, even exceeding the previous government forecast of 6.5% to 7.5% economic growth target, which was also recorded after 1976 Maximum economic growth rate。

Southeast Asia's electronic atomization market advantages

First, Southeast Asia has demographic advantages, most of them are young people. According to Worldometers data, as of August 2021, the average age of Southeast Asia's population is less than 29 years old, more than 60% are under 35 years old, and only 7% of the population is over 65 years old. Compared with Japan, South Korea and many European and American countries, where aging is accelerating, Southeast Asia is a paradise for consumer goods companies and e-commerce.

This means that there is a large group of young and dynamic consumers in this region who have a strong demand for trendy products and experiences. The younger generation's pursuit of fashion and personalization makes electronic atomization very attractive in the Southeast Asian market. They are eager to try more flavors and more choices, and electronic atomization meets their needs. Therefore, Southeast Asia can become an ideal market for electronic atomization brands to showcase innovative and diverse flavors.

Secondly The policy environment in Southeast Asia also provides opportunities for the electronic atomization industry. Compared with other regions, Southeast Asian countries are relatively loose in terms of electronic atomization supervision, which provides electronic atomization brands with more flexible operating space. However, the relatively loose policy environment allows brands to better promote and market their products. Governments and consumers in Southeast Asian countries are open and receptive to electronic atomization, which brings more business opportunities to electronic atomization brands.