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Development of Micro, Small, and Medium Enterprises in ASEAN (MSME)

Overview

Micro, Small and Medium Enterprises (MSMEs) are integral to the economic development and growth of ASEAN Member States. Allowing for different definitions, there are 70 million MSMEs in ASEAN, accounting for between 97.2% – 99.9% of total establishments in ASEAN Member States. Where data is available, the micro enterprises often constitute the largest share of enterprises. Regionally, the MSMEs contribute 85% to employment, 44.8% to GDP and 18% to national exports.


These figures indicate that MSMEs play important roles to economic and social development, contributing to value-added activities, innovation and inclusive growth through the creation of job opportunities and their widespread presence in both urban and rural areas. MSMEs are thus the backbone of ASEAN and are fundamental towards achieving long-run and sustainable economic growth and in narrowing the development gap.

Major Sectoral Bodies

In ASEAN, cooperation on SME development began in 1995, when fostering SME development became one of the priority areas in respect of policy focus and resources. The ASEAN SME Agencies Working Group (SMEWG), which comprised representatives from SME Agencies in AMS, was formed to formulate policies, programmes and activities on SME development.


In January 2016, the ASEAN SMEWG was renamed to the ASEAN Coordinating Committee on Micro, Small and Medium Enterprises (ACCMSME) to better reflect the expanded scope of work to cover micro enterprises. The ACCSMME is composed of representatives from MSME development agencies of all ASEAN Member States. The ACCMSME shall work towards the objective of strengthening MSMEs’ participation in ASEAN’s integration and in deepening and broadening their contribution to ASEAN’s economic growth.


The ACCMSME meets twice a year and reports to the Senior Economic Officials Meeting (SEOM) under the mandate of the ASEAN Economic Ministers (AEM). ACCMSME chairmanship rotates annually among the AMS. The current chair of ACCMSME is:


Ms. Trinh Thi Huong

Deputy Director General

Agency of Private Enterprise and Cooperatives Development

Ministry of  Finance

Viet Nam

ASEAN MSME Advisory Board (AMAB)

The ASEAN MSME Advisory Board (AMAB) serves as an engagement platform between the public and private sectors in the area of MSME development. Comprising MSME agency and private sector representatives nominated by the ACCMSME, AMAB provides strategic policy inputs to the Ministers and guidance on high-priority (i.e., urgent and high-importance policy-level) matters to the ACCMSME. It is co-chaired by the current Chair of ACCMSME and the private sector representative of the AMS holding the ASEAN Chair of the current year.

as of 10 November 2025

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ASEAN MSME ADVISORY BOARD (AMAB)

 

 

No. ASEAN Member States MSME Agency Representatives Private Sector Representatives
1 Brunei Darussalam Ms. Norlela Suhailee Director Enterprise Development (DARe) Brunei Economic Development Board (BEDB) Ms. Noorhafizah Rashid Founder of Big BWN Project
2 Cambodia H.E. Peou Vanda Director General of General Department of SMEs and Handicraft Ministry of Industry, Science, Technology and Innovation (MISTI) Mr. Sim Chankiriroth Board Member of Young Entrepreneurs Association of Cambodia (YEAC) Founder & CEO of BanhJi
3 Indonesia Mr. Bastian Head of Performance Management and Cooperation Bureau Ministry of Micro, Small, and Medium Enterprises (MoMSMEs) Mr. Ronald Walla Head of Micro, Small & Medium-sized Enterprises The Employers’ Association of Indonesia (APINDO)
4 Lao PDR Ms. Manivone Vongxay Director General Department of MSME Promotion (DOSMEP) Ministry of Industry and Commerce Mr. Viboon Sithimolada Board Director of Lao National Chamber of Commerce and Industry
5 Malaysia Mr. Rizal Nainy Chief Executive Officer SME Corporation Malaysia Ir. Ter Leong Leng Federation of Malaysian Manufacturers (FMM) Council Member & Chairman, FMM SMI, Youth & Entrepreneurship Committee (SYEC) Datuk William Ng National President of Small and Medium Enterprises Association (SAMENTA)
6 Myanmar Mr. Thein Swe Director-General Directorate of Industrial Supervision and Inspection Ministry of Industry Mr. Aye Win President Union of Myanmar Federation of Chambers of Commerce and Industry
7 Philippines Ms. Emma C. Asusano Director Bureau of Small and Medium Enterprise Development Department of Trade and Industry Philippines Ms. Melanie C. Ng Visayas representative of the MSME Development (MSMED) Council
8 Singapore Mr. Kuhan Harichandra Director of Corporate Planning and Principal Economist Enterprise Singapore Mr. Ang Yuit President Association of Small and Medium Enterprises (ASME)
9 Thailand Mr. Wittawat Lamsam Assistant Director General Office of Small and Medium Enterprises Promotion (OSMEP) Dr. Nimnual Piewthong-ngam Chairperson of SME Committee Joint Foreign Chamber of Commerce in Thailand
10 Viet Nam Ms. Trinh Thi Huong Deputy Director General Agency of Private Enterprise and Cooperatives Development Ministry of Finance Ms. Pham Thi Ngoc Thuy Co-Founder and CEO of Vietnam Economic Forum Co., Ltd. (ViEF), Office for the Private Sector Development Committee under the Advisory Council to the Prime Minister on Administrative Procedures Reform

Key Priority Areas - Strategic Action Plan on SME Development 2026-2030

Strategic Action Plan on Micro, Small and Medium Enterprise Development 2026 – 2030:


Regional MSME development is guided by the Strategic Action Plan on Micro, Small and Medium Enterprise Development 2026–2030 (SAP MSMED 2030). The Plan builds on the achievements of SAP SMED 2016–2025 and responds to emerging megatrends such as digital transformation, sustainability imperatives, and shifting global value chains


The SAP MSMED 2030, in alignment with the priorities set by the ASEAN Economic Community Strategic Plan 2030 sets out three overarching objectives:


  • Advancing an inclusive, innovative, and competitive business environment to strengthen MSMEs’ integration into regional and global value chains.
  • Accelerating digital and technology transformation and nurturing an enabling environment for MSMEs to participate in the digital economy.
  • Engendering awareness and strengthening capacities of ASEAN businesses and policymakers towards green transition.

These objectives are supported by eleven strategic measures that aim to:


  • Enhance productivity and innovation, including greater participation in high-impact industries.
  • Strengthen entrepreneurship and partnerships with knowledge communities.
  • Expand MSMEs’ access to traditional and alternative finance.
  • Facilitate MSMEs’ participation in regional and global markets and value chains.
  • Build MSMEs’ resilience and competitiveness through skilling and upskilling.
  • Strengthen policy coherence and evidence-based decision making.
  • Advance the establishment of a regionally comparable and recognised Unique Business Identification Number (UBIN).
  • Build capacities for MSMEs to engage effectively in the digital economy.
  • Support micro businesses in value-adding to exports through digitalisation.
  • Enhance MSMEs’ capacities in mainstreaming sustainable business practices.
  • Provide incentives and support mechanisms for MSMEs’ transition to green practices.

The ASEAN Coordinating Committee on Micro, Small and Medium Enterprises (ACCMSME) oversees the implementation of the SAP MSMED 2030, working closely with relevant ASEAN sectoral bodies, the private sector, and development partners. Given the cross-cutting nature of MSME development, cooperation and consultations with a wide range of stakeholders will remain central to ensuring that MSMEs continue to drive ASEAN’s growth, resilience, and integration into the global economy.

Key Initiatives

ASEAN platforms

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