SME Policy Index ASEAN 2024 Enabling Sustainable Growth and Digitalisation

The SME Policy Index is a benchmarking tool designed to monitor and evaluate the progress of policies that support small and medium-sized enterprises (SMEs), including micro enterprises. The ASEAN SME Policy Index 2024 is the result of a collaborative effort between the ASEAN Coordinating Committee on Micro, Small, and Medium Enterprises (ACCMSME), the Economic Research Institute for ASEAN and East Asia (ERIA), and the Organisation for Economic Co-operation and Development (OECD). Developed with the funding support of the Governments of Germany and Ireland, this report is the outcome of work conducted by the ten ASEAN Member States (Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Viet Nam). This report is based on the SME Policy Index methodology developed by the OECD, which has been applied to over 40 countries and five regions worldwide. It builds on the insights and analysis of previous editions, including the SME Policy Index: ASEAN 2014 Towards Competitive and Innovative ASEAN SMEs and the SME Policy Index: ASEAN 2018 Boosting Competitiveness and Inclusive Growth. Divided into eight key policy dimensions relevant to SME policies, the report enables benchmarking of policy design, implementation, and evaluation across the ten ASEAN Member States. The report provides both a regional perspective on recent developments in SME-related policies across Southeast Asia and detailed national-level insights. Based on this analysis, it offers a comprehensive menu of concrete policy options tailored for the region and individual countries, aiming to foster sustainable growth and digitalisation amongst SMEs in ASEAN