Brunei Darussalam Economy

The 17th ASEAN summit in Hanoi in October saw Brunei Darussalam taking steps to improve economic ties with several of its partners in the 10-member organisation, as well as with non-member states. The summit, the second held under Vietnam’s chairmanship, came at a crucial time for ASEAN as it seeks to build more internal economic integration while also strengthening its geostrategic role.

Brunei’s economy appears set for a period of consolidation and moderate if steady growth as the government combines careful management of energy resources with timely investments aimed at spurring expansion in the coming years.