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Five industries with the greatest development potential in the Philippines at present
Five industries with the greatest development potential in the Philippines at present

When it comes to Southeast Asia, the words that come to mind are small countries, slow economic growth, low prices and so on. However, now Southeast Asian countries have begun to slowly transform and develop rapidly. With the reshuffle of the global economy, Southeast Asia has become a new opportunity for major investors.

Now, we have turned our attention to the Philippines, a diversified and multi-ethnic country known as "Asia America". Once famous for Filipino maids, it is now one of the countries with the most investment potential in Southeast Asia, and its domestic GDP has maintained an average growth rate of more than 6% for several years. So what are the most promising industries in the Philippines? Let's take a look together.

Not only the Philippines, but also the catering industry has great development space and market all over the world, but the premise is to choose the right category.

In the past two years, our milk tea in China has spread all over the world, and of course there has been an upsurge in the Philippines. It is said that the hottest tea shop in the Philippines can sell 10000 cups a day, and the highest daily profit can reach 60000 RMB (a cup of tea in the Philippines is generally 120 pesos, equivalent to RMB 16). Besides tea shops, China restaurants and China supermarkets are also very popular in the Philippines. For details, please click this article (insert link).

With the development of Philippine economy, the number of middle class is rising rapidly, and people's requirements for quality of life are getting higher and higher. Moreover, influenced by Catholicism, Filipinos advocate enjoyment and pursue exquisite life, so they are not stingy in buying household items.

The profit of Philippine household industry is 2-3 times that of China, and its huge development potential has attracted many household enterprises all over the world. For example, IKEA, the world's most famous Swedish home furnishing brand, announced on 20 18 that it would build the world's largest flagship store in the Philippines, which is expected to open next year. There are well-known and famous products in China, which are also very popular in the Philippines. Shops are often crowded with people.

The e-commerce map of Southeast Asia, especially the Philippines, can be said to make e-commerce all over the world "eyeing".

Needless to say, we all know the great benefits brought by e-commerce, but now the development of e-commerce in most countries is in a state of "Red Sea competition". The current situation of Philippine e-commerce is equivalent to that of China more than ten years ago, which is a critical period of explosive development. Ma Yun, our e-commerce tycoon, also attaches great importance to the Southeast Asian plate, spending huge sums of money to control lazada, the largest e-commerce platform in Southeast Asia, and extending the development of a new e-commerce empire centered on the Philippines.

In addition, as a young country with a population of more than 654.38 billion and an average age of 24, the Philippines also provides more possibilities for the development of its e-commerce industry.

Real estate development in the Philippines is still in its infancy, but the demand is rising. At present, Manila has a population of 24 million, the population density is ten times that of Shanghai, but there are only 6,543,800 sets of commercial housing, resulting in a shortage of housing in Manila and high rents. The monthly rent for a single apartment of more than 30 square meters is about 5,000 RMB, and the higher one can reach tens of thousands.

Advantages of real estate development in the Philippines;

(1) The Philippines has a large population base and a certain economic base;

(2) High return on investment. As a first-tier city in the world, the current average real estate price in Manila is 20,000-30,000 RMB. In the past eight years, the annual housing price growth rate in the Philippines has been stable at 10%, and some areas have even increased by 20-30% in the past two years. In addition, from the overall factor analysis, Manila is not lost to Bangkok, Thailand, but the core area of Bangkok can't be bought within 40 thousand RMB, and the same price can start a very high-quality project in Manila;

(3) The rental rate of return is high, which is eight times that of China. Items with good location and high quality can be returned at 10- 12.

The Philippines is a big tourist country. According to the statistics of the Philippine tourism department, the Philippines received 8.26 million foreign tourists in 20 19. Among them, the number of tourists from Chinese mainland was 6.5438+0.74 million, a year-on-year increase of 38.58%.

The Philippines has a pleasant climate and is suitable for traveling all year round, so the demand and occupancy rate of homestays are very high, and they are basically full. If you rent or buy a house above 10 in a project, give it to a special person or run it by yourself, and you will be able to return to your capital in 7-8 years.

These are the five industries with the greatest development potential in the Philippines. If you have any other questions, please leave a message or write to us privately!