In 1967, five countries—Singapore, Malaysia, Indonesia, Thailand and Philippines—came together to form the Association of Southeast Asian Nations. Collectively known as the ASEAN 5, the number has since doubled to 10, with the additions of Cambodia, Myanmar, Laos, Brunei Darussalam, and Vietnam.
Over the years, ASEAN has managed to weather both the Asian financial crisis of 1997 and the global economic crisis in 2008 to become the 6th largest economy globally. Balancing economic growth and the livelihood of its people, however, remains a challenge.
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VIR – Vietnam
